Any location thats comparatively affordable, due to experience demand from high, long term levels of population growth, and has a finite supply of land suitable for development, will enjoy strong capital growth.
So forget macro-economics, including fundamentals such as national price/wage ratios, that do not provide an investor with any relevant information, and delve a little deeper, past the media's scaremongering headlines into the world of micro-analysis.
Its really all about supply and demand at the micro-level.
Something for those to ponder while embarking on our long walks perhaps?
