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Department Store AnchorsHypermarket TrafficDaily Essentials & GroceryInternational ChainsFamily Entertainment

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Small Format RetailUltra-Luxury PositioningBudget Brands

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Westfield Fountain Gate is a super-regional shopping centre located in Narre Warren, approximately 38 km southeast of Melbourne CBD in Victorias City of Casey. It ranks as Australias second largest by gross leasable area (GLA) at around 153,000 square metres and features over 400 stores, positioning it as a dominant retail hub in the southeast growth corridor. The tenant mix includes major anchors such as Myer, Kmart, Target, BIG W, Coles, Woolworths, and ALDI, alongside specialty retailers in fashion, electronics (including Apple), dining, and entertainment like Village Cinemas.

The centres trade area encompasses over 647,000 residents, supported by a diverse demographic with 76% home ownership rate exceeding the Melbourne average of 69%, and 38% of households having children under 15 compared to 28% metro-wide.

Accessibility is facilitated by the Narre Warren railway station 1 km away, multiple bus routes, and proximity to the Monash Freeway and Princes Highway, though peak-hour traffic congestion poses challenges.

Occupancy rates typically exceed 95%, reflecting strong operational quality and market resilience, with annual footfall surpassing 20 million visitors.

Leasing advantages include high visibility from anchor tenants drawing broad traffic, but drawbacks involve competitive pressures from nearby Chadstone Shopping Centre and potential saturation in discount retail categories.

Rent levels are competitive for a premium asset, averaging AUD 1,000-1,500 per square metre annually for prime spaces, influenced by robust sales performance averaging AUD 8,000 per square metre. The centres ongoing expansions enhance appeal but may increase short-term disruptions.

Overall, it offers stable leasing opportunities for retailers targeting family-oriented, middle-income consumers in a high-growth area, balanced against access issues and regional competition.

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Hours of Operation

Hours

Checking...
Monday09:00 AM — 05:30 PM
Tuesday09:00 AM — 05:30 PM
Wednesday09:00 AM — 05:30 PM
Thursday09:00 AM — 09:00 PM
Friday09:00 AM — 09:00 PM
Saturday09:00 AM — 05:00 PM
Sunday10:00 AM — 05:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

25-55 Overland Drive, Narre Warren, Australia

Insights

Demographics and Trade Area

The trade area population exceeds 647,000, with Narre Warren featuring a density over 2,000 people per square kilometre. Demographics show a family-focused community: 38% of households include children under 15, surpassing the Melbourne average of 28%. Home ownership stands at 76%, above the 69% metro figure, indicating stable, middle-income residents. Employment diversity includes 63% in white-collar roles (managers, professionals) and 37% in blue-collar occupations. Median household income aligns with outer suburban averages around AUD 1,500 weekly, supporting discretionary spending on retail and entertainment. This profile favors family apparel, groceries, and leisure categories, though economic sensitivity in blue-collar segments could impact during downturns, presenting balanced leasing risks for non-essential goods retailers.

Accessibility and Footfall

Narre Warren railway station, on the Pakenham line, is 1 km from the centre, connected by bus routes for regional access. Major arterials like the Monash Freeway and Princes Highway enable drives from Melbourne CBD in under 45 minutes, but heavy traffic during peaks reduces efficiency, with reported congestion delays up to 20 minutes. Annual footfall exceeds 20 million visitors, driven by anchor draws and events, contributing to high dwell times of 2-3 hours. Operational quality includes ample parking for 8,000 vehicles and pedestrian links to nearby civic facilities like Bunjil Place. Advantages include strong public transport integration boosting non-car traffic (15-20% of visits), but drawbacks involve reliance on road access in a growing corridor, potentially elevating logistics costs for deliveries. Retailers benefit from consistent traffic but must account for access variability affecting peak trading.

Tenant Mix, Occupancy, and Lease Terms

The tenant mix comprises 400+ stores: 40% fashion and accessories, 25% food and grocery anchors, 15% discount department stores, 10% entertainment (cinema, arcade), and 10% services like health and banking. Occupancy hovers above 95%, with low vacancy in prime zones due to robust sales of AUD 8,000 per square metre annually. Lease terms typically span 5-10 years, with turnover rents at 8-12% above base rates of AUD 1,000-1,500 per square metre for specialties, higher for anchors. Strengths include synergistic anchors driving spillover traffic, but weaknesses feature saturation in discount categories amid e-commerce shifts, and competition from online grocery impacting supermarkets. Market factors like southeast Melbournes 2% annual population growth support demand, yet aging infrastructure in surrounding areas may necessitate centre upgrades. Practical for retailers seeking high-traffic exposure, with risks in category overlap and negotiating incentives during renewals.

Building Details

Property Type
Super Regional
Gross Leasable Area
177,000
Year Built
1970
Parking Spaces
13,000
Average Monthly Footfall
2,083,333
Owner
Scentre Group
Anchor Tenants
Myer,BIG W,Kmart,Target,Coles,Woolworths,ALDI,Apple,Village Cinemas

Detailed Market Analytics

Primary Catchment Area
437,600 People
Secondary Catchment Area
209,400 People
Catchment area population
647,000 People
Population growth rate
1.43 %
Median age
36 Years
Household size
3.02 Persons
Education level (tertiary)
28.0 %

Median household income
93,600 AUD/year
Unemployment rate
5.5 %
Cost of living index
105 Index

Retail spending per capita
12,500 AUD/year
Spending on apparel
1,200 AUD/year
Spending on groceries
6,000 AUD/year
Spending on electronics
800 AUD/year

Annual foot traffic
25,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
12,000 AUD/sqm/year

Number of retail stores
409 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
Medium Density
Tenant diversity
High Diversity
Unique Concepts
Multiple Concepts

Gross Leasable Area
177,000 sqm
Number of Levels
3 Levels
Average rent per square meter
650 AUD/sqm/year
Vacancy rate
4.5 %
Lease term flexibility
Medium Flexibility
Available retail space
5,000 sqm

Proximity to main roads
High Proximity
Public transport access
High Access
Parking spaces
13,000 Spaces
Pedestrian traffic
High Traffic

E-commerce competition
High Competition
Click-and-collect adoption
70.0 %
Internet penetration
92.0 %

Retail crime rate
High Rate
Security measures
Advanced Measures

Promotional events
Frequent Events
Loyalty program penetration
High Penetration
Digital signage presence
Yes Presence

Projected foot traffic growth
3.0 %
New tenant pipeline
Strong Pipeline
Mall expansion plans
Ongoing Plans
City Snapshot
Narre Warren, VIC

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Narre Warren, VIC

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