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Too often it seems that media headlines are linking the WA property market directly to the wellbeing of the mining industry. But investors should take heart from the fact that WA has a diversified economy and other areas look like they will be picking up steam.
Although the resources sector still has life left in it, the state is placing increasing emphasis on its tourism and agricultural industries.
Currently, tourism provides 91,000 jobs for West Australians. It contributed $8bn to the local economy in the 12 months to March 2014. And, according to Tourism WA, the number of international visitors to the state grew to more than 776,500 during that period, which is up 4.3% on the same time last year.
In particular, there are an increasing number of Chinese visitors targeting WA, with 33,900 arriving in the 12 months to March. This is significant because Chinese visitors spend about $5,000 on average, which is a massive $3,000 more than the average international visitor.
In the recent state budget, the government allocated $3.9m just for tourism marketing to China.
Even regional centres are proving to offer much more than just minerals. The Pilbara region, for example, boasts spectacular gorges, magnificent rock formations, stunning beaches, music festivals and Aboriginal culture. In 2013, the total visitor spend in WA was $7.7bn, $3bn of which was spent in regional WA. |
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楼主: davidmouse
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