victoria is australias top state economy

Last quarter Victoria topped the economic performance rankings for the first time in the 9 year history of CommSec surveys.

Victoria remains just ahead of NSW, adding $408.2 billon to its economy over the quarter.

Both states maintaining broad-based economic strength, underpinned by population growth, construction and investment activity.

Victoria’s relative economic growth was the strongest in Australia, with economic activity 26.7 per cent above its decade-­average level of output.

Victoria exceeded the national average on all eight indicators used in the analysis while Tasmania led on five and NSW and the ACT on four.

Within Melbourne population growth is requiring record levels of infrastructure spending.

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