Why Morphett Vale
Stable but fully priced10.5%/yr capital growth, tight 1.2% vacancy.
Drivers
- Capital growth10.5%/yr
- Tight rentals1.2%
- Supply tightening-4.0% YoY
- Population growth+6.5% (5y)
Risks
- At top of budget (99% of cap)
- No major construction project in this state