CommSec has released its latest State of the States report, which again ranks Victoria on top due largely to a combination of strong population growth, construction, and debt-fuelled consumption:
How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements…
For the first time in three quarterly surveys, Victoria is the best performing economy in its own right. NSW is now in second spot. Also Tasmania is now solely in third spot with ACT slipping to fourth position.
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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.
