Join Australia's most dynamic and respected property investment community

Commsec State of the States Report

Discussion in 'Property Market Economics' started by kamchatsky, 20th Jul, 2015.

  1. kamchatsky

    kamchatsky Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    483
    Location:
    Sydney Northwest
    July 2015 State & territory economic performance report.

    Full Report on link below:

    https://www.commsec.com.au/content/dam/EN/ResearchNews/CommSecStateofStates_July2015.pdf

    NSW ON TOP; VICTORIA NOW SECOND
    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.
    Just as the Reserve Bank uses long-term averages to
    determine the level of ‘normal’ interest rates; we have done
    the same with key economic indicators. For each state and
    territory, latest readings for the key indicators were compared
    with decade averages – that is, against the ‘normal’
    performance.

    In the latest results NSW has consolidated its spot at the
    top of the economic rankings and there is now a wider gap
    to the next grouping of states and territories.
    Interestingly, Victoria has now taken second spot, leaping
    both Northern Territory and Western Australia. While there
    is little to separate these three economies, Northern
    Australia is in third spot while Western Australia is fourth
    ranked.
    Queensland barely holds on to fifth spot from the ACT
    (sixth). They effectively constitute a third tier of economies.
    The fourth tier of economies is made up of South Australia
    (seventh) and Tasmania (eighth).

    Please see the report link for details.
     

    Attached Files:

  2. monty

    monty Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    64
    Location:
    QLD
    Blues supporters finally got something to cheer about. ;)