Australian Bureau of Statistics
1362.7 - Regional Statistics, Northern Territory, 2007
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/10/2007
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In recent years there has been an increase in construction activity and housing prices in the Northern Territory. While the value of both engineering and building completions continue to climb each year the number of residential dwellings built each year has stabilised.
Total residential building approvals have stabilised over the last year compared with the large increases seen in previous years. New house approvals in the NT have changed little, while approvals of other residential buildings have dropped from 702 to 623. While the total number of residential building approvals have dropped by 5.6%, their value has increased by 4.6% to $330 million.
In the Northern Territory in the 2005-06 financial year 46% of building completions were non residential buildings, compared to 42.1% in 2004-05 period. New residential building completions dropped from 49.7% in 2004-05 to 42.5% in 2005-06, however, this decrease was offset by an increase in the value of alterations and additions to 11.5% of the total value of building completions.
This page last updated 1 October 2008
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