Why Salisbury
Stable but fully priced10.8%/yr capital growth, listings tightening 5.0% YoY.
Drivers
- Capital growth10.8%/yr
- Supply tightening-5.0% YoY
- Tight rentals1.3%
- Population growth+6.5% (5y)
Risks
- At top of budget (91% of cap)
- Thin gross yield (2.5%)