SCN’s annual Mini Guns report once again highlights the performance of Australia’s neighbourhood centres – retail hubs with a GLA between 6,000sqm and 20,000sqm, typically anchored by one or two supermarkets. These centres continue to demonstrate their resilience, offering a balance of convenience, community and consistent trade.
MAT rankings
The 2025 MAT (moving annual turnover) results show strong stability across the sector, with most centres posting steady or positive growth.
St Ives Shopping Village in Sydney retained its position at the top of the MAT table, reporting $261.9 million. Revelop’s Stanhope Village, also in Sydney, climbed into second place with a 7.6 per cent increase, to $212.0 million, followed closely by CBRE-managed Barkly Square in Melbourne, with $206.6 million.
The top five was rounded out by Charter Hall’s Pacific Square in Sydney and Mirvac’s Moonee Ponds Central in Melbourne both holding steady.
Looking at the Top 20, Balgowlah Village (Sydney, No. 18, +8.5 per cent) and Settlement City (Port Macquarie, No. 19, +6.9 per cent) delivered standout growth.
A notable absence is Burnside Village in Adelaide (No. 2 on the MAT table last year), which, due to its recent expansion, moves out of Mini Guns and into Little Guns.
MAT per square metre
On the productivity front, Charter Hall’s Pacific Square once again led the field, with $21,366 per square metre (+3.0 per cent). Kenmore Plaza in Brisbane impressed at No. 2 with $19,685 (+2.7 per cent), while St Ives Shopping Village came in third at $19,416 (+2.1 per cent). Gasworks Plaza (+9.0 per cent) and Drayton Central (+11.8 per cent), both in Queensland, delivered the largest gains in the Top 10.
Shopping Centre News
8th October 2025