CommSec State of the States ed 63 – April 2025

CommSec, the digital broking arm of Australia’s largest bank, assesses the performance of each state and territory on a quarterly basis using eight key indicators. Those indicators include economic growth, household spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements.  Just as the Reserve Bank of Australia (RBA) uses long-term averages to determine the level of ‘normal’ interest rates, CommSec compares the key indicators to decade averages; that is, against ‘normal’ performance.  CommSec also compares annual growth rates for eight key indicators for all states and territories, in addition to Australia as a whole, enabling a comparison of economic momentum.