Yields on fast-food outlets, childcare centres and petrol stations are expected to fall even further in 2022, as private investors seek to bolster their portfolios with trophy commercial property assets on long, secure leases to major national brands.

New data compiled by real estate firm Burgess Rawson, which sold over $1 billion of these assets at its popular portfolio auctions last year, show average yields on fast-food outlets leased to the likes of KFC and Hungry Jack’s tightened 69 basis points to just 4 per cent last year, as sales of these assets almost doubled.