Why Coogee
Growth-led, low cashflowpopulation +12.6% (5y), 8.9%/yr capital growth.
Drivers
- Population growth+12.6% (5y)
- Capital growth8.9%/yr
- Supply tightening-6.0% YoY
- Tight rentals1.1%
Risks
- Thin gross yield (1.8%)
- No major construction project in this state