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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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ACT, WA best performing economies

By Staff Reporter
11 January 2010 | 1 minute read

The ACT is one of Australia’s best performing economies, a new ranking by CommSec has found.

According to the ranking, Australia’s capital recorded the most rapid increase in mortgage lending and new housing starts and the second most positive economic growth.

Western Australia was ranked as the best performing economy in terms of economic growth, business investment and construction.

CommSec chief economist Craig James said NSW ranked last on economic growth, unemployment construction work and housing starts, and second last on retail trade.

"NSW should benefit from the ending of the US financial crisis with a stronger job market," Mr James said, "but it is a long way behind the other states due to the stagnant activity in the construction sector."

ACT, WA best performing economies
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Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.