NSW, VIC parasites feast on national economy

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By Leith van Onselen

CommSec has released its latest State of the States report, which has elevated New South Wales and Victoria to the top of the rankings on the back of strong population growth, housing, and debt-fueled consumption. From ABC News:

A thriving housing market and strong population growth has seen New South Wales consolidate its position as Australia’s top-performing economy.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.