You might have heard recently that an open skies agreement between the USA and Australia is going ahead. This is great news for Tourism in Australia with approximately 800,000 Americans expected to visit annually by 2016.
When I was over in America their certainly seems to be a mentality that Australia is just to far away to travel to, with an open skies agreement going to cut flight costs between the two countries this could be just the thing to spur more Americans to come to this great land.
So what does this mean for property? Well it's great news for hotels, serviced apartments and general short term rental accommodation as well as the communities that surround who would no doubt benefit from American spending habits. Locations like the Gold Coast have always been popular and this could push the prices up for short term apartments etc making a real estate investment in targeted areas more valuable.
Who knows, while more people come and visit they will get to see the massive opportunity in Australia right now leading to more foreign investment.
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