Good digital camera $300 and under?

I;m looking for a new digital camera thats small and compact, something convenient for travelling. I was thinking of getting the Sony Cybershot DSCT70P (the touch screen one). I was also considering the waterproof Olympus camera, because i’m going to australia and thought that would be more practical for the beach and the water and everything. Any recommendations?

I HAVE THE TOUCH SCREEN ONE IT’S REALLY GOOD GET IT!

Horse Beach, Western Australia