CommSec State of the States July 2024: A Smart Investor’s Guide
    • 4 August 2024

    CommSec State of the States July 2024: A Smart Investor’s Guide

    The latest "State of the States" report by CommSec is here, and we’ve distilled the key points that matter most for property investors. Here’s what you need to know about where to invest for solid returns.

    State of the States - July 2024

    Source: CommSec State of the States July 2024

    South Australia (SA): The Top Performer

    South Australia is leading the nation, ranking first on three significant economic indicators. Here’s why SA should catch your attention:

    SA boasts the strongest job market in Australia, with unemployment 33.4% below the decade average. More people employed means more demand for housing. SA construction work is up 15.6% compared to the decade-average level, indicating healthy infrastructure development.

    Western Australia (WA): Growth and Opportunity

    Western Australia is another standout for property investment. WA is leading the country in relative population growth, driving demand for housing. The value of home loans in WA has surged by 37.8% on the long-term average, indicating a strong housing market. Although WA lags in construction work done, this can create a demand-supply gap beneficial for long-term property investments.

    Queensland (QLD): Housing Finance Strength

    Queensland holds its ground with a strong housing finance market. QLD’s housing finance is up by 32.3% on the long-term average, signalling a healthy and active housing market. While the relative economic growth is slower, the robust housing finance market suggests significant investment opportunities in residential properties.

    Victoria (VIC): Economic Resilience

    Victoria shows solid economic performance, particularly in retail spending, a positive sign of economic health and stability. High retail spending often translates to more job opportunities and a higher demand for housing.

    New South Wales (NSW): Population Growth

    New South Wales continues to attract attention due to its significant population growth. This growth benefits the property market and offers ample opportunities for property investments, especially in the residential sector.

    If you’re ready to explore these opportunities and want expert advice, now is the perfect time to act. Contact Property Club at enquiries@propertyclub.com.au to leverage our insights and expertise in the best property markets. We’re here to help you navigate and capitalise on these opportunities, ensuring your investments are smart and profitable.

    Related Posts

    Is Your Borrowing Power Stronger Than You Think? Why Now Is the Time to Rethink Your Property Investment Strategy

    Is Your Borrowing Power Stronger Than You Think? Why Now Is the Time to Rethink Your Property Investment Strategy

    You’ve seen the headlines. Trump’s new round of tariffs has triggered global economic reactions, and while most are focused on the international drama, savvy Australian investors are tuning into the local impact — especially what it means for interest rates. In response to global uncertainty, the Reserve Bank of...

    Melbourne Property Market: April Data Highlights a Shift in Activity

    Melbourne Property Market: April Data Highlights a Shift in Activity

    The April 2025 CoreLogic Housing Chart Pack shows several key developments in Melbourne’s property market. While broader figures reflect a stabilising trend, a closer look reveals areas of movement that may be of interest to both buyers and investors. Melbourne’s dwelling values rose by 0.5% over the March quarter,...

    Brisbane’s Billion Dollar Glow Up: Why Property Investors Should Not Wait Until 2032

    Brisbane’s Billion Dollar Glow Up: Why Property Investors Should Not Wait Until 2032

    While the world is gearing up for gold medals and global fanfare, the real gold lies in Brisbane’s property market. The 2032 Olympics is more than just a sporting event. It is a catalyst for change and a clear signal that Brisbane is entering a bold new phase. One that investors in the know are already acting on....

    Become a Member Today!

    Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.