Investors want to invest in the first three (of six) stages of growth that an 'infrastructure' town experiences. The first stage occurs when a regional or coastal town actually becomes an infrastructure town, following the announcement of a major infrastructure project. This stage offers the most upside for investors but also the possibility that the project may be cancelled, deferred or downsized following stage two (feasibility).

 

The next most attractive stage to invest is immediately after the confirmation of the project and before its commencement (ie, when workers begin to come into town). Investing at this stage allows investors to buy in before the town truly booms (due to increased rental demands from new workers and the late entry of investors who read about the boom) .