CommSec State of the States Oct 2017: How are Australia’s states and territories performing?

CommSec

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NSW has retained the position as the best performing economy, at or near the top of all indicators. Victoria holds second spot on the economic performance rankings with strength provided by high population growth, boosting housing demand. The ACT retains third spot on the performance rankings but there has been a softening in the job market.

South Australia has lifted from sixth to fourth spot, just ahead of Tasmania and. Queensland.

Northern Territory remains in seventh position.

Western Australia continues to lag other economies and annual growth rates remain below national averages on seven of eight indicators surveyed.

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