Category: CommSec

Petrol Prices Rise Across Australia Ahead of Fuel Excise Tax Reinstatement

Australian petrol prices have started to lift again ahead of the expiry of the fuel excise tax reduction in September. Data from the Australian Institute of Petroleum showed that while wholesale petrol prices dipped by 2.6 cents a litre (6.8 U.S. cents a gallon) across Australia in the week ending Aug. 21, the national average…


Victoria Becomes Australia’s Best Performing Economy

Victoria has surpassed Tasmania to become Australia’s best-performing state as its economy topped the country for the first time since April 2020. According to the latest quarterly State of the States report from Australia’s largest online stockbroking firm CommSec, Victoria ranked first among the states and territories for retail spending, which soared by 18.5 percent…


Uncertainty Hovers Over Australia’s Economic Outlook Despite Impressive Recovery: Report

The pace of Australia’s economic recovery has exceeded the expectation of many observers; however, a new report has warned that the country will not be able to sustain the current growth. As indicated in the latest Deloitte Access Economics Business Outlook, Australia’s jobless rate was heading toward 3.5 percent, the lowest in half a century,…


Tasmania’s Economy Beats Other States to Gain Top Ranking Again

As the Australian economy continues to stay strong despite the COVID-19 pandemic, Tasmania has been in the spotlight for eight consecutive quarters, Commonwealth Securities reported. According to the quarterly State of States report composed by Commonwealth Securities (CommSec), Tasmania has managed to achieve the top position again and has a high chance of keeping it…


Tasmania Rated as Australia’s Number One State Economy: CommSec

According to a report, Tasmania has been rated as the best-performing state economy for the fifth quarter in a row, with the Australian Capital Territory (ACT) maintaining the second spot. CommSec’s State of States report (pdf) measures and analyses the economic performances for each state and territory over every quarter against the 10-year average, or “normal”…


Tasmania Rated Australia’s Number One State Economy: CommSec

According to a report, Tasmania has been rated as the best-performing state economy for the fifth quarter in a row, with the Australian Capital Territory (ACT) maintaining the second spot. CommSec’s State of States report (pdf) measures and analyses the economic performances for each state and territory over every quarter against the 10-year average, or “normal”…