Coronavirus has thrown the superannuation industries into disarray with huge losses in the portfolio of superannuation holders. For those that are retiring in the next couple of years, they may need to delay their retirement and those that are retired are faced with a lower income to live on.

Property is also a big part of superannuation portfolios and with Coronavirus, property is also expected to perform poorly over the next couple of years. Not only is it expected that property prices will fall but there will also be lower rents from tenants struggling to survive themselves. Job losses and closed shops have forced many people onto the unemployment queue with the government preventing tenants from being evicted.

As a result, property returns are expected to be week of the medium term with retail property especially facing huge challenges. Many tenants are who have been forced to close have either negotiated lower rents or have closed up all together. Some other tenants have refused to pay their rent and these situations are making their way through the courts.

The forced closures of stores and the partial lock downs imposed has forced many businesses to go online for sales. Those that are successful online will feel less of a need to have a physical store. Stores like Catch or Catch of the Day have had a great amount of success being an online only store. Use a Catch of the day coupon for your purchase. These success stories of online only shops will drive returns for retail property even lower with more vacancies.