Why Baxter
Growth-led, low cashflowlistings tightening 6.0% YoY, 7.9%/yr capital growth.
Drivers
- Supply tightening-6.0% YoY
- Capital growth7.9%/yr
- Population growth+7.8% (5y)
- Tight rentals1.3%
Risks
- Thin gross yield (2.4%)
- No major construction project in this state
Construction ·Suburban Rail Loop East — Cheltenham26.8 kmConstruction · 2035