Shopping malls in investors' sights

Kmart Queanbeyan has been bought by Sandran Pty Ltd. Investors have snapped up a number of shopping centres in the past month to gain a foothold into the improvng retail sector. Part of the demand has come from the wealth effect, where shoppers are flooding stores to buy new furniture and they have a few extra dollars to spend with low interest rates and petrol prices. Craig James, the chief economist at CommSec, said confidence has improved, particularly in the...