It's Official NSW Is Number One Again

It's Official NSW Is Number One Again

Member for Port Macquarie, Leslie Williams has today welcomed the new report that shows NSW has regained the number one position in Australia for economic performance.

The CommSec “State Of The States” Report released yesterday has seen NSW listed as first among all Australian states and territories, moving up from third place from the July scorecard. The analysis compares quarterly performance between jurisdictions on a range of areas, including economic growth, construction, retail trade, housing, unemployment and population.

This is the first change at the top of the leader-board since July 2011, and comes less than a week after the NSW triple-A credit rating was reaffirmed and taken off negative watch by Standard and Poor’s.

“NSW has returned to being number one of all Australian States,” Mrs Williams said.

“The economic management of the NSW Government led by Premier Mike Baird over the past three years has meant the hard work and discipline has paid dividends with confidence returning to NSW.

“In 2011 I made a commitment to the people of the Port Macquarie electorate to be a part of a NSW Liberals & Nationals Government that makes NSW number one again, and, in stark contrast to NSW Labor, we have delivered,” Mrs Williams said.

The CommSec report finds that home finance and construction are the chief reasons that NSW is the “big improver” in economic performance, as housing supply has finally risen to meet demand: “The momentum that we identified in NSW has propelled it to the top of the economic performance rankings. And the simple reason for the lift in rankings is housing,” the report finds.

NSW has retained its top rank in dwelling starts for the third straight quarter. The report comments that NSW remains the strongest in the nation for new home construction, with housing starts more than 36 per cent above decade averages. It notes that, in the June quarter, the number of homes started was 7.3 per cent higher than a year earlier.

“Not only has the NSW Government balanced the budget by living within our means, but locally we’re also delivering a new public school at Lake Cathie, a new Fire Station in Port Macquarie, continuing to upgrade the Pacific Highway between Port Macquarie and Kempsey as well as building the Sancrox Road interchange,” Mrs Williams said.

“This is on top of delivering more funding for local roads, improved Government service delivery as well as more police, teachers and nurses on the frontline.

“The CommSec report is an important vote of confidence in NSW and is a vote of confidence the NSW Liberals & Nationals Government’s approach to economic management that will see benefits for the people of the Port Macquarie electorate,” Mrs Williams said.

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