A new independent report shows that Western Australia is growing twice as fast as the rest of the nation.

Deloitte Access Economic’s latest Business Outlook report shows that the state’s economy grew twice as fast the rest of Australia in 2011-12’. WA’s economy grew by 6.7 per cent in 2011-12, compared to 3.5 per cent for rest of nation.

The economic forecaster claimed the State grew so fast it drew heavily on the service sectors of the rest of Australia ‘thereby spreading the benefits of the boom to Melbourne and Sydney’.

According to Deloitte Access Economics:

  • residential construction is forecast to pick up substantially in coming years
  • after investment and construction in the mining sector peaks, production and exports will continue to drive economic growth.