The latest CommSec State of the States report proves what Territorians already know - under the Country Liberal Party, the Northern Territory is back on track, rebuilding stronger, faster, and with more momentum than ever.

According to the October 2025 CommSec report, the Territory has leapt from eighth to fourth place in overall economic performance, its best ranking in nearly a decade, showing that the CLP’s plan to rebuild the economy is working.

Chief Minister Lia Finocchiaro said the report was clear evidence the Territory is charging ahead and outperforming expectations.

“The Territory is leading the nation in economic growth, population growth, housing finance, and dwelling starts - and that’s no accident,” Mrs Finocchiaro said.

“Our economy grew by 5.4% - the strongest in the country. We’re seeing population growth up 1.3%, housing finance up 24%, and new dwellings up 30%. The word is out: if you want a great job, lifestyle and affordable housing, the Territory is where you need to be.”

The report also confirms the Territory has climbed to third nationally for household spending, reflecting renewed consumer confidence and a strong labour market.

“We’ve gone from last place under Labor to one of the strongest economies in Australia. That’s what happens when you back hard work, ambition and investment instead of red tape and excuses.

Chief Minister Lia Finocchiaro said the jump from eighth to fourth place was a “vote of confidence” in the CLP’s Rebuilding the Economy Strategy, which is restoring confidence, purpose and prosperity to the Northern Territory.

"Territorians elected us to rebuild the economy after eight years of going backwards under Labor - and this report, like the one before it, proves we’re delivering.

“In our year of action, certainty and security, a reduction in crime is giving businesses and investors greater confidence in the Territory’s future. We’re building a stronger workforce, unlocking regional growth and making the NT the best place to do business,” Mrs Finocchiaro said.

Treasurer Bill Yan said the report shows the Territory is now firmly on the investment radar.

“The NT is a hot spot for housing and business investment. You only have to look at the property market to see confidence returning,” Mr Yan said.

“With major infrastructure projects in the pipeline, the nation’s most generous home builder grants, and a lifestyle most people only dream of - Territorians and investors alike have faith in the CLP to deliver.”

Minister Yan said the momentum will continue as the CLP focuses on regional development, workforce attraction, and crime reduction.

“We promised to reduce crime, rebuild the economy and restore our lifestyle, and that’s exactly what we’re doing. The Territory’s comeback is well underway,” he said.

Fast Facts from the CommSec Report (October 2025):

• NT jumps from 8th to 4th overall economic performance.
• #1 in Australia for economic growth - up 5.4%.
• #1 for population growth - up 1.3%, 75% above decade average.
• #1 for housing finance - up 24.1%.
• #1 for dwelling starts - up 30%.
• #3 for household spending - up 9% on long-term average.
• Unemployment 16.4% below the decade average.

Source: Northern Territory Government Newsroom