Top 20 shopping centres by turnover revealed

Melbourne’s Chadstone shopping centre has topped the Shopping Centre News Big Guns list this year, with a turnover of $1 billion.

The annual Shopping Centre News survey ranked Australian shopping centres according to moving annual turnover for the 2007 financial year. Turnover at the top 20 shopping centres rose more than 7% to $13.5 billion.

Nearly all of the 80 centres in the survey recorded turnover growth that kept pace with or exceeded inflation.

Sydney’s Westfield Bondi Junction was second on the list, with a turnover of $900 million – an increase of 9.1% on the previous year.

Warringah Mall, also in Sydney, had turnover of $767.8 million, ranking it third. Westfield Chermside in Brisbane increased its turnover by a whopping 41.4% to $705.8 million, and ranked sixth.

The outlook for centres is less rosy, with the latest consumer confidence data indicating that consumers are closing their wallets.

Top 20 shopping centres with highest moving annual turnover

1. Chadstone
2. Westfield Bondi Junction
3. Warringah Mall
4. Highpoint
5. Westfield Southland
6. Westfield Chernside
7. Westfield Marion
8. Knox
9. Westfield Miranda
10. Castle Towers
11. Westfield Carindale
12. Westfield Parramatta
13. Westfield Fountain Gate
14. Pacific Fair
15. Westfield Hornsby
16. Macquarie Centre
17. Erina Fair
18. Garden City Booragoon
19. Westfield Garden City
20. Westfield Penrith

With Inside Retailing