Chadstone Still Tops For Shopping Centres

Chadstone in Melbourne was again Australia's largest shopping centre -- by a considerable margin -- in terms of turnover in 2015 according to the annual Big Guns survey from Shopping Centre News.

Owned by the Gandel Group and Vicinity Centres, Chadstone had a turnover of over $1.45 billion, which was $368 million more than the second place Westfield Sydney.

Westfield Bondi Junction was the other centre topping $1 billion in sales.

The figures come on the back of favourable retail conditions including continued low interest rates, low fuel prices and a falling Australian dollar making shopping in Australia more attractive.

"The latest figures augur well for the Australian shopping centre industry, which is the most sophisticated and professional in the world," Michael Lloyd, Shopping Centre World's publisher told The Australian Financial Review.

All except one of the top 20 centres experienced an increase in turnover.

Australia's top 20 shopping centres for 2015 were:

Table source: Shopping Centre News and Australian Financial Review