ACT, WA best performing economies

ACT, WA best performing economies

by 0 comments

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."

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."

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
Marnie Seinor on structure, database DNA and connecting with her local community

There’s no such thing as an “off switch” in real estate – so says McGrath agent Marnie Seinor, who came in at number 78 in this year...

View all podcasts

Does the benefit of being part of a branded group outweigh the cost?

Yes
No
Depends on the group
Do you have an industry update?