The strength of the Western Australian economy could entice more people to consider Bunbury property management, as a new report identifies the state as the country's standout performer.
The CommSec State of the States report showed WA is the top-performing economy for the third month in a row. It led the way in terms of retail trade and was second strongest in terms of economic growth, business investment and construction.
As for the property market, WA also ranked strongly for housing finance population growth.
A variety of criteria are used to assess each Australian state and territory, including population growth, housing finance and dwelling commencements.
WA's economic activity was particularly impressive, ranking second to the Northern Territory. Output in the state is around 30 per cent higher than the decade average.
Meanwhile, retail trade in the area is almost 22 per cent above levels seen over the past 10 years – this has been spurred on by solid population growth and a lift in home purchases.
Not only this, WA has experienced firm wage growth, giving residents more disposable income that ultimately supports the state's economy and makes it a highly desirable place to live.