CommSec's latest State of the States Report shows the ACT and Western Australia have the nation's top-performing economies.
CommSec chief economist Craig James says the ACT is benefitting from low unemployment and strong population growth, pushing new home starts 72 per cent above the decade average.
Resources-rich WA has the nation's fastest economic growth. Construction there has been soaring due to the mining boom, 88 per cent above decade averages.
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Mr James says New South Wales and Queensland are the least impressive.
Economic activity in NSW is only 14 per cent above its decade average, and Queensland is the only state and territory not experiencing above normal population growth.
He says consumers continue to be cautious, with the prospect of another rate rise weighing on businesses and the property sector, but the outlook remains buoyant for the mining states.
