Western Australia tops Australia's economic rankings for the first time in a decade per CommSec's report.
Western Australia has been named Australia's top-performing economy for the first time in a decade, according to CommSec's State of the States report. Key factors include strong retail spending, low unemployment, and population growth surpassing three million. South Australia, previously leading, remains strong in real economic growth. Queensland ranks third due to home lending increases, while New South Wales struggles in seventh place amid a slowing housing market.
October 27, 2024
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