Whyalla

Vacancy at 0.5% is crisis-level tight. GFG Alliance DRI steelworks ($750M committed) is adding 700+ permanent jobs to a town of 21,500: an enormous relative impact. Price has already moved +12% in 12 months but yield still sits at 6.2%. Supply is constrained by geography. Positive cashflow without NG.

GFG Alliance financial position has been uncertain. Verify current operational status before transacting; single-industry town risk; price growth of +12% already baking in some premium.

6.2% yield at $287k = $17,680 annual rent vs $14,924 annual interest = $2,756 positive pre-cost cashflow. No NG needed. New steel/hydrogen jobs are permanent, not construction FIFO. CGT indexation ideal for 5–10yr hold.