State of the states – how is your local economy performing?

How are Australia’s states and territories’ local economies performing?

In this video Craig James from CommSec analyses eight key indicators: economic growth; retail spending; equipment investment; unemployment, construction work done; population growth; housing finance and dwelling commencements.

If you’re interested in property investment, you should watch this 4 minute video to getting a better understanding of what’s going on.

Just as the Reserve Bank uses decade averages to determine the level of “normal” interest rates; Commsec have done the same with the economic indicators.For each state and territory, latest readings for the key indicators were compared with decade averages – that is, against the “normal” performance.

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Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been once agin been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


'State of the states – how is your local economy performing?' have 2 comments

  1. January 23, 2013 @ 1:30 pm Ray Searles

    Craig’s last comment should be front page headline news
    Australia as a whole is probably one of the strongest advanced economies
    in the world at present . Regards Ray

    Reply

    • January 23, 2013 @ 1:41 pm Michael Yardney

      Ray,
      You’re right, but instaed the media loves to look for bad news, don’t they

      Reply


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