Hey All,
Just interested to get peoples thoughts on whether they believe an IKEA store has any affect on a suburbs property prices?
A number of investors on this forum said they like to invest where the big retailers do and leverage of the huge sums of cash they put into research. When it comes to retail, I do not think there is any bigger than IKEA. I mean they are not like Bunnings after all where you nearly have one in every suburb, in Melbourne for example this is the 3rd store only. One in the East, One central and now one for the West.
Given the amount of customers that flock to these stores, it seems only natural other businesses would be keen to set-up shop nearby and take advantage of the endless stream of money that seems to pour into these stores (doesn't help they design them so you cannot get out!).
Canberra it set to get its first Ikea at the end of this year and Melbourne's West (Camberfield) is on track for a mega concept store early next year.
Just interested to get peoples thoughts on whether they believe an IKEA store has any affect on a suburbs property prices?
A number of investors on this forum said they like to invest where the big retailers do and leverage of the huge sums of cash they put into research. When it comes to retail, I do not think there is any bigger than IKEA. I mean they are not like Bunnings after all where you nearly have one in every suburb, in Melbourne for example this is the 3rd store only. One in the East, One central and now one for the West.
Given the amount of customers that flock to these stores, it seems only natural other businesses would be keen to set-up shop nearby and take advantage of the endless stream of money that seems to pour into these stores (doesn't help they design them so you cannot get out!).
Canberra it set to get its first Ikea at the end of this year and Melbourne's West (Camberfield) is on track for a mega concept store early next year.