Federal Opposition Leader Peter Dutton took aim at the Allan government’s economic management on Monday as he visited a housing estate north of Melbourne.

Mr Dutton launched the attack on Victorian Labor at a press conference after being asked what lessons he believed were emerging from the LNP’s victory in the Queensland election.

“The lesson is that if you treat people with contempt, if you go into huge debt, if you mismanage the economy, if you create a cost of living crisis, you can expect the electorate to punish you and that’s exactly what happened in Queensland,” he said.

“I think that’s what’s going to happen at the federal level as well, because the Prime Minister promised a lot for Australians and he hasn’t delivered.

“He was distracted by The Voice for the first 16 months, he spent $450 million, and in those first budgets, when they should have been making decisions to protect us from what was going to happen in the economy , they just didn’t make those decisions that were necessary.

“Now they’re talking about massive additional debt and that’s going to lead to higher inflation, interest rates staying high for longer and I think that’s what happens when you have a long-term Labor government.

“Here in Victoria, the Allan government is destroying the Victorian economy and Victorian businesses and families, small cafes and other micro businesses are also suffering here in Victoria at the moment. This is unfortunately what Labor governments are doing.”

The Queensland Labor Party, led by David Crisafulli, defeated the Queensland Labor Party, led by Steven Miles, in Saturday’s state election, ending almost 10 years of Labor rule.

Labor had won three consecutive elections before Saturday’s defeat, which came after Mr Miles replaced Annastacia Palaszczuk as party leader at the end of the parliamentary term.

In Victoria, Labor has also won the last three elections, with Ms Allan replacing Daniel Andrews as prime minister last September, less than a year into her four-year term.

Mr Dutton’s remarks to Beveridge come as CommSec releases its latest State of the States report assessing the economic performance of each state and territory.

In the October edition, Victoria moved from third to fourth place, behind Western Australia, South Australia and Queensland but ahead of Tasmania, Australian Capital Territory, New South Wales and the Northern Territory.

Victoria came in first for construction work completed, but capital spending was seen as a weak point for the state.

Ms Allan told reporters at a news conference in Melbourne on Monday that Victoria’s economy continued to grow, create jobs and attract business investment.

“Victoria is already a great place to live, a place to work and a place for businesses to invest,” she said.

“The ABS data confirms this. We are number one in terms of the number of jobs created in the last 12 months – 130,000 jobs have been created here in Victoria. And that’s thanks to the most commercial investment important to all states of the country.

“And when you add to that that we are the state that approves and builds more homes than any other state, it’s a combination of economic factors that supports our strong and growing economy here in Victoria.

“An economy that Deloitte Access Economics predicts will grow, will continue to be the fastest growing economy of any state in the country over the next five years.”

Victoria’s net debt is expected to reach $156.2 billion this financial year, before reaching $187.8 billion in 2028.