Why are people coming Down Under? Pete Wargent

Why are people coming Down Under? Pete Wargent
Why are people coming Down Under? Pete Wargent

The significant depreciation of the Aussie dollar has encouraged a record 7.2 million short-term visitors to Australia over the past year.

But why are people coming?

The main reason is for holidays (3.24 million), and ever more so from China and its provinces.

Increasingly, though, folk are also coming to Australia to visit their friends, families and relatives, with more than 2 million people falling into this category.

The other huge growth area is for education, with a smashing 451,000 education arrivals in the past year, a massive annual increase of well over 17%.

 
Why are people coming Down Under? Pete Wargent
 
These figures suggest a boost for tourism economies such as the Gold Coast, Sunshine Coast and Tasmania, for example.
 
The latest available government data shows that the boom in foreign students is overwhelmingly a capital city dynamic.
 

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

His latest book is Four Green Houses and a Red Hotel.

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

Tags: 
Tourism Property Prices

Comments

Be the first one to comment on this article
What would you like to say about this project?