Figure 1
A stacked bar graph compares the percentage of total transaction volume by different types of buyers from 2020 to 2025. The horizontal axis represents the years from 2020 to 2025, and the vertical axis represents the percentage of total transaction volume ranging from 0 percent to 100 percent. The graph uses different colors to represent various types of buyers: Cross-border (blue), Institutional (orange), Listed/REITs (green), Private (light blue), and Other (purple). In 2020, Cross-border buyers accounted for 13 percent, Institutional buyers for 28 percent, Listed/REITs for 26 percent, Private buyers for 33 percent, and Other for 0 percent. In 2021, Cross-border buyers accounted for 12 percent, Institutional buyers for 41 percent, Listed/REITs for 18 percent, Private buyers for 26 percent, and Other for 3 percent. Australian retail property buyer composition: 2020–2025. Source: Authors’ compilation/analysis from RCA (2025)