In fact, month on month, only NSW and QLD grew, the former up 0.8% and the latter a huge 5%. VIC was down slightly, SA was down 2.4% and WA was down 0.7%.
So, it’s also something of a QLD bounce this release. It was awful low.
That Queensland bounce comes from quite a slump, after a long boom, even relative to other states as can be seen in the chart from macrobusiness.