Australian tourism industry 'in good health'

There is an increased sense of optimism surrounding Australia's tourism industry, it has been suggested.

According to the South Australian Tourism Commission, the positive outlook which has been afforded to many countries in the Asia/Pacific region is shared down under.

The news is sure to interest buy-to-let investors in the destination, with the potential demand for their properties among holidaymakers likely to remain high.

Neil Saunders, UK marketing manager for the South Australian Tourism Commission, confirms that optimism from those in the industry is currently high, adding that tour operators in the region are also enjoying successes.

According to the latest figures from the RP data-Rismark Hedonic Home Value Index, price increases in major Australian cities have begun to slow - allaying fears that the market was heading towards a property bubble.

"This second consecutive month of single digit annualised gains sends a signal that the double digit growth rates recorded since January 2009 are behind us," Tim Lawless, RP Data's director of research, said.

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