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Victoria had strong housing finance, retail spending and population growth. Rich must help poor nations prepare for extreme events. Mr Kent said Australia was large and diverse and the economy was doing different things across all states. The results of this test were categorised into bands 1 through to 6 with band 1 as the lowest and band 6 as the highest. NSW has held on to the position as the best performing economy, supported by strong construction activity. Mortgage stress in Australia: But the NSW government said funding levels had remained largely consistent in recent years.