Sydney Airport takes the cake

The country’s biggest airport offers an attractive combination of income and growth, and a slice of irritation. James Carlisle explains why we’re coming back for a second helping.

In English we say, ‘you can’t have your cake and eat it too’. The Danes, weirdly, advise that ‘you can't both blow and have flour in your mouth’ while the prosaic Italians caution that you 'can’t have a full barrel and a drunk wife’. Sydney Airport, though, may let you have the investing equivalent: an attractive starting income – the cake – and decent prospects for growth – the eating of it.

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