Why Florey
Stable but fully pricedpopulation +9.1% (5y), 7.4%/yr capital growth.
Drivers
- Population growth+9.1% (5y)
- Capital growth7.4%/yr
- Tight rentals1.4%
- Supply tightening-3.0% YoY
Risks
- At top of budget (94% of cap)
- No major construction project in this state