CommSec State of the States January 2016
CommSec have a great quarterly report to put the performance of each state and territory into perspective by benchmarking against decade averages. They use measures available in the public domain to correlate with key economic indicators. This is sophisticated information for professional property investors.
“NSW has retained top spot as the best performing economy, edging a little further ahead of Victoria. Both states are maintaining a healthy lead over the other states and territories. The big change over the past quarter has been the lift of the ACT economy to equal third position alongside the Northern Territory. Western Australia has dropped from fourth to fifth. But there is little to separate the ACT and the Northern Territory in the second grouping of economies. In the third grouping of state and territory economies, Queensland is sixth ranked, ahead of the South Australia(seventh) and Tasmania (eighth).”