State of the States

The latest Comsec State of the States report shows an improved standing for Queensland with a positive outlook.

Australia has a three-speed economy. Western Australia leads the way with the ACT and Victoria in the second group and little separating the other economies in a third group.

And while Western Australia is expected to hold its position in coming quarters, there is likely to be a shuffling of the other rankings. Queensland is moving its way up the rankings, underpinned by strength in resources and rebuilding. Only a soft housing market is holding back the economy.

Macrobusiness has previously expressed some concerns about the housing sector in Victoria.