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The property markets under threat as tourism nose-dives

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The property markets under threat as tourism nose-dives

Australian Bureau of Statistics overseas travel data, published for the first time this month, showed the severe impact of international border closures.

In April, there were just 21,620 overseas arrivals in Australia – a 99% drop compared to January. Many of these arrivals were tourists and therefore these figures show just how reliant Australia’s tourism industry is on foreign travellers.

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