Western Australia ranks as Australia's top-performing state economically, while Victoria has the highest tax burden and energy price increases.

Western Australia ranks as Australia's top-performing state economically, according to a new report by the Institute of Public Affairs, while Victoria lags behind all other states. Victoria has the highest tax burden, state debt burden, and energy price increases, ranking last on three metrics and second-last in four others. Western Australia leads in low taxes, energy prices, and high wages growth, with high median rental prices being the only hindrance.