Why Noarlunga
Stable but fully priced10.8%/yr capital growth, 4.4% gross yield.
Drivers
- Capital growth10.8%/yr
- Rental yield4.4%
- Tight rentals1.2%
- Supply tightening-4.0% YoY
Risks
- At top of budget (91% of cap)
- No major construction project in this state