Victoria has taken top spot of CommSec’s State of the States report for a second consecutive quarter thanks to strong construction activity and the lowest jobless rate in a decade.
CommSec’s quarterly State of the States report ranks Australia’s states and territories according to eight economic indicators.
Victoria placed ahead of NSW for only the second time since the reports inception.
The report analyses the current rates of economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements to score each state.
Victoria topped the national average rates in three of the eight indicators.
Last quarter Victoria topped the economic performance rankings for the first time in the 9 year history of CommSec surveys.