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Peter Bodkin

INSANE: Tasmania qld the top performing states | Rare Historical Photos

Tasmania Craig James Queensland NT New South Wales CommSec Victoria

Queensland's second position was the state's highest ranking in the 13-year history of the survey. (Darren England/AAP PHOTOS) (AAP)

Tasmania and Queensland are the fastest-rising state economies as a plunging housing market helps drag NSW to near the bottom of the leaderboard.

The island state rose from third to first place among states and territories in CommSec's quarterly State of the States report, which gauges the economic "momentum" of each region.

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