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Justprop Editor

Content editor at Justprop.com.au,

Economy update of different states of Australia - A preview

8D ago 0 Replies 21 Views
How are Australia’s states and territories performing?
It not just about their property markets, but their economies.
Of course the performance of their real estate markets is intimately tied to their economic performance and that why study of CommSec’s quarterly State of the States Economic Update which analyses eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements is important.
Just as the Reserve Bank uses long-term averages to determine the level of ‘normal’ interest rates; Commsec have done the same with key economic indicators.
For each state and territory, the latest readings for the key indicators were compared with decade averages – that is, against the ‘normal’ performance.

Key findings
  1. Victoria remains the best performing economy.
  2. Tasmania has held on to second spot from NSW but there is little separating the top three states.
  3. The ACT is solidly in fourth position.
  4. Then there is a gap to Queensland and South Australia.
  5. And then follows Western Australia and the Northern Territory.

Read more:



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