Willows Shopping Centre

Market at a glance

• $2.87 billion in estimated retail sales across the Total Trade Area in 2020.

• Forecast to increase to $4.1 billion in retail sales by 2031 reflecting an annual average growth rate of 3.5% per annum.

• 198,220 residents estimated in the Total Trade Area by 2026, including 119,750 in the Main Trade Area.

• 1.2% projected average annual population growth rate for the Main Trade Area from 2021 to 2026.

• $95,419 is the average household income in the Main Trade Area, outperforming the Non Metro QLD income level of $87,408.

• 14% market share across the Main Trade Area.

• 44.3% of the Main Trade Area customers are aged between 20 and 49.

• Target customer segments include young families and couples without children.

^{Source: Location IQ Report, January 2021. Estimates are pre COVID-19.}

Fast facts

• 38,628 sqm of retail space.

• Major brands include Coles, Woolworths, Rebel and Big W.

• Mini majors include Rebel, Best & Less JB Hi-Fi, Priceline Pharmacy, Prices Plus, Cotton On and Daiso.

• Over 120 specialty stores.

• Average $8,964 specialty sales per square metre vs Urbis benchmark of $9,073.

• Over 5.1 million people movements a year.

^{Source: Dexus sales report, January 2021.}