Reality Bites

In the past two weeks, three very important sets of statistics about the Whitsundays were released, and hardly a mention was made of them.


Property
In the Whitsundays, Median sale prices of units and townhouses plunged 10.7% in the first quarter of 2011. The average apartment is losing over $3200 in value every week - If that rate continues, the average Apartment in the Whitsundays will be worth half its value next Easter than it was last Christmas.

Tourism
In the last ten days, important tourist statistics were released - they were the International and National Visitor Surveys for the Year ending March 2011. The Whitsundays has:
+ plunged from 10th to 16th most favourite destination for international tourists;
+ ceased to be in the Top 20 favorite locations for Aussie tourists.

Click the graphs to enlarge.

Whitsundays Domestic Tourism Spending Years Ending 31 March 2006 to 31 March 2011
Expenditure	Rank	Spend $M	Share%	Visitors x1000	Visitor Nights x1000	Expenditure per Visitor	Expenditure per Night	Avg Stay
3/2006	15	710	2	548	3720	1295	191	7
3/2007	16	714	2	569	2644	1255	270	5
3/2008	-	-	-	-	-	-	-	-
3/2009	20	489	1	465	1878	1052	260	4
3/2010	-	-	-	-	-	-	-	-
3/2011	-	-	-	-	-	-	-	-

Whitsundays International Tourism Spending
Years Ending 31 March 2006 to 31 March 2011

International Tourism Spending - Top QLD Regions

Comparing Year Ending 31 March 2010 to 31 March 2011

Sources:
Commonwealth Department of Resources, Energy and Tourism
Mackay Daily Mercury