Commsec

Queensland's economy ranks 5th in the country

A QUARTERLY report indicates Western Australia's mantle as the country's strongest economy has slipped, with New South Wales the new title holder.

Western Australia has topped CommSec's State of the States report for more than three years, but a boom in housing construction has now driven New South Wales into first place.

CommSec economist Savanth Sebastian says New South Wales has risen from last to first in the past six years.

"No surprise that it is housing driven, so all the housing construction that's taking place in NSW," he said.

"We've been under-building for a number of years, now that turnaround is coming it's rippling out across the NSW economy, so a number of other areas are benefitting off it. Population growth is strong. Retail sales are lifting."

Read more at ABC News Online



How Coffs can build an art museum of acclaim

How Coffs can build an art museum of acclaim

Coffs Harbour to draw inspiration from popular museum art gallery

Migrants not staying in regional areas

premium_icon Migrants not staying in regional areas

One in 10 migrants use country towns as pit stops before city life.

Rebels injury toll rises ahead of tough road to finals

premium_icon Rebels injury toll rises ahead of tough road to finals

French, Smidt out for last two home and away games

Local Partners