Why Morley
Stable but fully priced10.4%/yr capital growth, population +12.6% (5y).
Drivers
- Capital growth10.4%/yr
- Population growth+12.6% (5y)
- Supply tightening-9.0% YoY
- Tight rentals1.0%
Risks
- At top of budget (93% of cap)
- No major construction project in this state