Across the country, there are very big differences in regional locations. Some small towns have only a few hundred people, while the larger
towns have over 100,000 and are basically regional cities.
When you’re looking to invest, it’s important to understand what the key drivers of the local economy are in those areas. A great example is
a mining town. Many mining towns have very strong economies driven by a local mine site. While the commodity sector is strong these towns do
well, but things can quickly turn around when prices fall.
On the flipside, some of the larger towns have multiple economic drivers and include infrastructure such as hospitals and universities that
contribute heavily to employment. The more diversified the economy, the stronger the location and the more likely it is to sustain capital