New South Wales and Victoria share top spot in CommSec's quarterly State of the States economic performance report, both benefiting from solid population growth and a strong jobs market that is driving retail spending and business investment.
The ACT retains third spot on the performance rankings with strength primarily due to the building and purchasing of new homes, and ranks second overall on relative population growth.
In fourth spot, Tasmania has seen strong population growth lead to strong housing finance figures, new home construction and business investment.
South Australia moved ahead of Queensland in this quarter rankings, with the former retaining its position courtesy of business investment and construction work. Conversely, Queensland sits seventh in firm business investment.
Western Australia is now in seventh position, sitting in seventh or eighth position on all indicators except equipment spending, while the Northern Territory in is ranked third on economic growth but lags all other states and territories on six of the indicators.
Visit the CommSec website for detailed reports on each state and territory.