UniSuper, the $140 billion industry super fund, has made a bold choice: nearly half of its unlisted real estate portfolio is invested in Australian shopping centres. That’s $14.5 billion concentrated in a single property type.
While malls have long been seen as stable, income-generating assets, the retail landscape is shifting — and this level of concentration comes with risk.
Shopping Centres Are No Longer Untouchable
The golden era of shopping centres has faded. Foot traffic is under pressure from online retail, consumer spending is volatile, and big-name tenants aren’t immune to downsizing or collapse.
Even well-located malls can see rental income dip and valuations fluctuate when retail takes a hit.
Too Much of a Good Thing?
Diversification is key in any investment strategy. Concentrating billions in one asset type — especially one tied to the fortunes of the retail sector — means performance can swing dramatically based on trends outside your control.
Residential Property: A Different Path to Stability
While retail property faces headwinds, residential property remains one of the most consistent performers in Australia’s investment landscape. People will always need a place to live — and residential demand is underpinned by population growth, migration, and housing shortages.
TIC Property: Direct Residential Ownership from $75,000*
- Own real residential property from as little as $75,000*
- Receive monthly rental income directly
- Benefit from long-term capital growth
- Have your name on the title — not buried in a fund’s portfolio
You choose the property. You keep control. You build wealth in a sector with enduring demand.
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Please consult a licensed financial advisor before making any investment decisions.
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