An aerial photograph taken from a commercial airliner shows Adelaide Oval and Adelaide CBD, May 8, 2019. Source: AAP Image/Bianca De Marchi
More traditionally regarded for the quality of its wine and festivals, South Australia has once again been recognised as an economic powerhouse for its robust jobs market and strong building activity.
The state topped CommSec’s July State of the States report, which gauges the economic momentum of each region, after ranking first in the previous two quarters.
SA was again followed by Western Australia and Victoria in second and third place, respectively.
WA was fast gaining on top spot, leading on relative population growth and home lending metrics.
CommSec senior economist Ryan Felsman said SA still had the wood on its rivals in terms of relative unemployment, construction work done, and dwelling starts, but WA had stronger momentum.
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