Investment criticism unfounded, says Gray

Investment criticism unfounded, says Gray
By admin


Tourism Minister Gary Gray has highlighted the appeal of Australia as an investment destination as he refuted Coalition claims that a recent Tourism Australia report on the subject was "damning" of government policy.

The TA-commissioned study by real estate firm Jones Lang LaSalle surveyed 100 industry stakeholders around the world on the appeal of investing in Australian accommodation real estate.

“Overwhelmingly investors felt that Australia rated more highly than any other destination in the region for its investment potential,” Gray said. “Investors also felt that Australia was set for an upswing in investment later in the decade.”

Gray denied accusations the report had been kept “secret”, insisting it had been forwarded to industry organisations and investment stakeholders through May and June, as he branded the Coalition comments a “disgrace”.

“They are promoting the entirely false idea that a report commissioned by Tourism Australia is secret and damning of our industry when it is not – and when more than 90 per cent of tourism operators are small businesses who do not need to have their industry talked down by poorly informed Coalition comments,” Gray said.

However, he admitted the report had highlighted red tape as a hindrance of investment and said the government was taking the issue seriously.

“All state and territory Ministers have agreed to cut red tape to make investment quicker and easier,” he said.

Latest News

  • Partner Content

My journey: Before becoming a travel agent I was… a palliative care nurse 

Australind Travel & Cruise, Travellers Choice member Saibra Twigg reveals her life as paediatric nurse then to palliative care before a career leap to travel agent. How did you become a palliative care nurse?  ST I went straight from school in nursing and initially specialised in paediatrics, working at Perth’s Princess Margaret Hospital for Children. […]

Partner Content

by Travel Weekly

Travel Weekly
  • Destinations
  • News

APT Launches 2025 Asia Adventures

APT has launched its Asia Adventures for 2025, including new luxury holidays in India, Sri Lanka and Japan. Five new tours lead guests to the highlights of India, including a seven-night cruise along the rarely travelled Lower Ganges aboard the Ganges Voyager. Further south, Sri Lanka’s greatest destinations are revealed on a new 15-day Land […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]