Never mind, I did not know that I need to enrol in Apple Dev program in order to test on beta OS.
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Thanks for response @DelawareMathGuy, makes sense.
Take away - I should not have presumed that SwiftUI property wrapper behaves the same way as regular variable in terms of managing memory.
Imagine how many developer hours can be saved if Apple decided to implement free trial for non-consumables, mind boggling!