Why Spotswood
Stable but fully priced$4.6bn pipeline incl. West Gate Tunnel, listings tightening 7.0% YoY.
Drivers
- Infrastructure pipeline$4.6bn nearby
- Supply tightening-7.0% YoY
- Income growth+21.0% (5y)
- Population growth+7.8% (5y)
Risks
- At top of budget (90% of cap)
- Thin gross yield (2.2%)
Construction ·West Gate Tunnel1.7 kmConstruction · 2025