The latest CommSec State of the States report for April 2025 is in, and it's clear some states are pulling ahead in the economic race. For investors, this isn’t just interesting reading — it’s a blueprint for where smart money is going. Western Australia has taken out the top spot for the third consecutive report. It leads on five of the eight key indicators including housing finance, population growth, unemployment, retail spending and dwelling starts. Home prices have jumped 11.9 percent over the past year. With rising migration, strong job creation and high demand for housing, Perth’s momentum is undeniable.
Victoria has surged from fourth to second place, performing strongly in construction activity and inbound migration. It currently ranks in the top three on four major indicators. Investors are watching this market closely, with infrastructure investment and consistent housing demand creating the foundations for future capital growth.
Queensland may have slipped to third overall, but it remains one of the country’s most robust performers. The Sunshine State continues to benefit from population growth and strong housing finance activity. With home prices rising 8.6 percent year-on-year, Queensland’s property market continues to deliver reliable returns.
South Australia dropped slightly to fourth but still shows strength in jobs and finance activity. It boasts the second strongest job market and has experienced an 11 percent rise in property values over the past 12 months. The fundamentals remain strong.
New South Wales has moved up the ranks thanks to solid economic growth, topping the nation in this key measure. While retail spending was softer, Sydney remains a standout city for investors, especially with its resilience and long-term capital potential.
Tasmania and the ACT have slipped due to slowing retail spending and population growth. The Northern Territory remains in eighth position overall but shows improving numbers in year-on-year comparisons for wages and construction.
There’s a clear connection between strong economic performance and rising property markets. WA, Victoria, Queensland, South Australia and NSW are showing the right mix of housing finance strength, population growth, and construction activity. These are the areas investors should be watching.
At Property Club, we’re actively sourcing property opportunities in the states leading the economic recovery. Whether you’re building your portfolio or starting fresh, now is the time to align with the momentum.
To learn more about available properties in these high-performing markets, contact us at enquiries@propertyclub.com.au.
Source: CommSec State of the States Report, April 2025
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