“CommSec has ranked the South Australian economy as the best-performing in the nation, driven by population growth and housing activity.”

South Australia is off to another booming start to the year following the latest report from CommSec.

“South Australia has leapt over Victoria to be officially crowned the best-performing economy in the nation by CommSec, the first time in the 15-year history of its State of the States report that it has taken out the title.

CommSec, an arm of the Commonwealth Bank, publishes its closely watched report today and says SA has jumped into first place after being ranked second in its last report in October.“

“For the first time in the history of our reports, South Australia has taken the lead,’’ CommSec chief economist Craig James said.

“Population growth in South Australia has tripled over the past two years, which is showing up in a strong housing market and overall economic activity.’’

Read the full article from the Advertiser here