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New South Wales remains strongest economy over April

By Louise Morrin

The latest CommSec State of the States report has once again seen New South Wales take out the top spot. This further reinforces the strength of the region's economy and offers potential investors more incentive to consider portfolio expansion in the near future. 

According to the report, New South Wales has claimed first place for retail spending and dwelling starts. 

These last two categories in particular could peak interest, as more people deciding to call the state home coupled with a demand for more property could present a welcome investment market for the remainder of 2015. 

Furthermore, the state was ranked second nationwide for both business investment and housing finance. As the market continues to develop – alongside more employment opportunities – the attractiveness of investment property in Carlton could continue to increase. 

If you're interested in the possibility of portfolio expansion in New South Wales, be sure to get in touch with a local real estate agent in the near future. Gaining some expert insight into a neighbourhood can help you make the most suitable investment decision for your needs and help you take full advantage of the market. 

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