NSW ranked top economic performer
23 April 2015
Proving once again that NSW is the first choice for investors, it has secured the number one spot in the nation's economic rankings for the third consecutive quarter, as highlighted in the April 2015 State of the States CommSec report.
The State of the States report analyses each state according to eight key indicators: economic growth, retail spending, equipment investment, unemployment, construction work, population growth, housing finance and dwelling commencements.
Why should you invest?
There has never been a better time to invest in NSW, Australia's largest economy.
Situated on the doorstep of Asia, NSW is at the nation's best-performing state economy based on its healthy population growth, strong consumer spending and a rise in housing construction.
According to the CommSec report, last quarter:
- Retail trade was 17.1% above the state's decade average. Increased spending contributed to solid activity in the housing sector and higher home prices.
- Population growth was 22.8% above the decade average.
- NSW is leading the nation for new home construction, with dwelling commencements almost 49% above decade averages.
Interested in investing in Sydney or NSW?
NSW Trade & Investment provides assistance to companies considering investing in Sydney and NSW contact us to speak to one of our business advisors.
Read more about investing in Sydney and NSW.