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Top property developer brands Victoria as 'criminal's dream', refuses to make further investments in state

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Belling, A. (2026, September 25). Top property developer brands Victoria as 'criminal's dream', refuses to make further investments in state. Daily Mail. https://www.dailymail.com/news/article-16158897/victoria-retail-crime-fawkner-property-chris-garnaut-investment-pause.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

Daily Mail · collected 2026-09-25 · by Alasdair Belling

Quick Summary

Chris Garnaut, founder of Fawkner Property, has criticized Victoria as a "criminal's dream state" due to its high retail crime rates. According to Crime Statistics Agency data, Victoria recorded 96,008 offences in retail locations from July 2025 to June 2026, with daily stealing and assault rates of 102 and 14 incidents respectively. Garnaut’s company has decided against further investments in the state unless it can achieve a significantly higher return on investment compared to other regions. Retail industry leaders are urging Premier Ben Carroll to address these issues before upcoming elections.
Written by AI on 2026-09-25, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Chris Garnaut, founder of Fawkner Property, a major Australian property developer with a $5 billion mall network, has criticized Victoria for its high retail crime rates, deeming it a "criminal's dream." As a result, Fawkner Property is refusing to make further investments in the state. According to figures from the Crime Statistics Agency released on Thursday, Victoria recorded 96,008 offences across retail locations in the year ending June 2026, with stealing offenses up by 2.3 percent to 37,398 cases and assault offenses totaling 5120 incidents. Garnaut stated that even if he were to consider buying more assets in Victoria, the cap rate would need to be 150 points better than other states. The retail crime rate in Victoria increased from 82,738 recorded offenses in 2024 to 99,000 in 2025 before showing a slight decrease in 2026, still making it the highest among Australian states.

Written for “Victoria Property Investment Decline” on 2026-11-03, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Victoria Property Investment Decline
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads unscored and hedges 7% of its claims. Each row says how that neighbour differs.
The Sydney Morning Herald
⚖️ Leans left Hedges 7 of 66 claims Outlet record 61/100
“The articles discuss different issues related to Victoria but describe distinct events with no overlap in time, place, or outcome.”
ABC News (AU)
⚖️ Leans right Hedges 5 of 38 claims Outlet record 68/100
“Article A reports on a property developer's statement about Victoria being a 'criminal's dream', while Article B discusses recent crime statistics and political implications in Victoria.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
30
sentences that state something as happening or true
Uncertain
7%
2 of 30 hedged ("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
69/100
Daily Mail's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-25 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Daily Mail · 8973 article(s) · 22 correction(s) detected
Running correction rate · 22 correction(s)

Who wrote this

Alasdair Belling
20 article(s) here · 1 carrying a prediction
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🔮 It’s another chapter, and we will ensure that we live on as a business.
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Also by Alasdair Belling
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 20 articles by Alasdair Belling →

Topics

Daily Mail Fawkner Property Google Victoria Victorian

Subjects

Victoria GPE · 14× ACT ORG · 2× Ben Carroll PERSON · 2× Coles PERSON · 2× Fawkner Property ORG · 2× Garnaut PERSON · 2× South Australia GPE · 2× Victorian NORP · 2× Daily Mail ORG · 1× Google ORG · 1×

Narrative

Coles executive general manager of supermarket operations Martin Smithson is calling for temporary laws to crack down on retail crime Carroll, pictured alongside Attorney General Sonya Kilkenney, has promised to bring in WPOs in March However, some retail bosses in Victoria believe the situation is so dire that interim laws are needed immediately WPOs in South Australia and the ACT give workplaces the power to ban offenders for a minimum of 12 months with prison time on offer for people breaching the orders. The ability to better crack down on repeat offenders is especially important for retailers, with growing evidence a small cohort is doing disproportionate damage.
framing: assertive · carried by 1 article(s) · first seen 2026-09-25
🔮 'We refuse to buy any more retail assets in Victoria, and if we would consider buying, the cap rate [a measure of returns] would need to be 150 points better than other states,' he told The Australian.

Claims (30 extracted, 2 hedged)

- See more Daily Mail on Google - save us as a Preferred Source A top Australian property developer has unleashed on Victoria, deeming it a 'criminal's dream', while refusing further investments in the state. asserted
it → see → state
Chris Garnaut, founder of Fawkner Property which has a $5bn mall network, said Victoria's surging retail crime rate had dissuaded the company from future projects. asserted
rate → have → projects
'We refuse to buy any more retail assets in Victoria, and if we would consider buying, the cap rate [a measure of returns] would need to be 150 points better than other states,' he told The Australian. asserted
he → refuse → Australian
According to Crime Statistics Agency figures released on Thursday, Victoria had 96,008 offences recorded across retail locations in the 12 months to June 2026. uncertain
Victoria → accord → June
Of particular note, stealing offences were up 2.3 per cent with 37,398 recorded at a rate of 102 per day, while 5120 assault offences were recorded, at 14 every day. asserted
offences → record → 14
Retail crime in the state jumped between 2024 and 2025, increasing from 82,738 to 99,000 recorded offences. asserted
crime → jump → offences
While the 2026 figures showed a slight decrease, they still place Victoria as Australia's retail crime capital. asserted
they → show → capital
'The worst crime rate is in our Coles and Woolworths supermarkets in Victoria', Garnaut said. asserted
Garnaut → say → Victoria
Chris Garnault, founder of Fawkner Property, has labelled Victoria a 'criminal's dream state' asserted
Garnault → label → Victoria
Victoria's burgeoning crime rate is top of the agenda for Premier Ben Carroll as he prepares to head to the polls in November Theft is the leading offence for retail crime across the nation, with Victorians stealing from the supermarket at a rate of 102 times per day last year ' asserted
Victorians → burgeon → day
Victoria is a criminal’s dream state; steal, bash security guards, walk off, don’t get charged, and on the rare occasion the criminal is charged they are not convicted, and if they are on bail, the bail is typically extended.' asserted
bail → steal → bail
Garnaut's comments came as the heads of several retail giants called upon Victorian Premier Ben Carroll - who himself used to work at Kmart - to do more to address crime in shops. asserted
who → come → shops
Victoria's Workplace Protection Orders (WPO) scheme, brought forward to begin in March 2027, aims to give retailers the power to bar repeat offenders from entering the workplace. However, the legislation - which passed at the start of September - was labelled by the Australian Retail Council (ARC) as the country’s ‘weakest’ WPO framework. asserted
which → bring → framework
Part of the issue is that applicants in Victoria must gain court orders before they can bar offenders from returning to the workplace; while the applicant awaits the court ruling, there is nothing to stop the offender from coming into the retailer and re-offending. asserted
applicant → gain → retailer
Outgoing Bunnings boss Mike Schneider labelled the Victorian WPOs a 'missed opportunity'. asserted
Schneider → label → WPOs
'We see really practical legislation in other jurisdictions like South Australia and the ACT which I think really could have been lifted and shifted and used here in Victoria to create a really strong deterrence for people going into retail settings and thinking they can abuse or assault a retail worker,' he said. uncertain
he → see → worker
'More needs to be done, particularly in Victoria, where the scale of violent retail crime is having a very real impact on workers, customers and businesses every day.' asserted
scale → need → workers
Coles executive general manager of supermarket operations Martin Smithson is calling for temporary laws to crack down on retail crime Carroll, pictured alongside Attorney General Sonya Kilkenney, has promised to bring in WPOs in March However, some retail bosses in Victoria believe the situation is so dire that interim laws are needed immediately WPOs in South Australia and the ACT give workplaces the power to ban offenders for a minimum of 12 months with prison time on offer for people breaching the orders. The ability to better crack down on repeat offenders is especially important for retailers, with growing evidence a small cohort is doing disproportionate damage. asserted
cohort → call → damage
'Around 10 per cent of offenders are responsible for roughly 60 per cent of the harm experienced by retailers,' Australian Retailers Council chief executive Chris Rodwell said, speaking in March. asserted
Rodwell → experience → March
They provide a clear legal mechanism to prevent known offenders from returning to stores where they've caused harm. asserted
they → provide → harm
However, some retail bosses in Victoria believe the situation is so dire that interim laws are needed immediately. asserted
laws → believe → Victoria
'The purpose of these laws is to protect workers from violence and threatening behaviour, and that protection needs to be available when the risk arises,' Coles executive general manager of supermarket operations Martin Smithson said. asserted
Smithson → protect → operations
'When there is a known risk of violence or threatening behaviour, our team members should not have to remain exposed while the matter is being determined by the courts. asserted
matter → be → courts
'Giving courts the ability to issue interim orders would help close that gap and provide an important safeguard for workers while a matter is being considered.' Anti-theft gates at a Coles in NSW aimed at curbing shoplifting The sentiment was echoed by executives at Woolworths. 'Workplace protection orders are a critical tool for protecting our team against violent and repeat offenders, which is why passing this legislation through the Victorian parliament was so important,' Woolworths head of violence prevention, Sarah Faorlin, told The Australian. asserted
head → give → Australian
'Regrettably, by failing to include interim orders, the legislation leaves our team exposed to ongoing harassment and violence while awaiting court decisions. asserted
team → fail → decisions
Court processes take time, and during that time, our team members continue to be abused and assaulted by these individuals.' asserted
members → take → individuals
NSW created three new offences for harassing, stalking or assaulting a retail worker in 2023, carrying maximum penalties of 11 years' imprisonment. asserted
NSW → create → imprisonment
The state government says it will work on a model for WPOs with unions, police and retailers in coming months with reforms to be introduced later in 2026. asserted
it → say → 2026
South Australia introduced a WPO model to its parliament in October based on the approach taken in the ACT. asserted
Australia → introduce → ACT
Federal parliament passed a similar scheme to protect Commonwealth workers from violence and harassment in November. asserted
parliament → pass → November
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