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ACT Ranks 3rd in Economic Performance

Commsec's recent State of the State's report has placed the ACT in equal third spot on the performance rankings with strength in the building and purchase of homes.

  • Spending in the ACT was up 14.3 per cent on the decade average, followed by Tasmania (up 13.5 per cent).
  • In Tasmania and the ACT construction work done was at record highs in the December quarter.
  • The ACT remains in top spot [for housing finance] with the number of commitments up by 17 per cent on the long-term average.
  • The ACT remains in top spot for dwelling starts, ahead of NSW. In trend terms starts in the ACT were 66.6 per cent above decade-averages, ahead of NSW (up almost 31 per cent on the “normal” or decade-average level of starts).

For the full report please visit here

Credit: Commsec

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