Why Salisbury
Growth-led, low cashflow10.8%/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
- Thin gross yield (2.5%)
- No major construction project in this state