5220.0.55.002 - Information paper: Gross State Product using the Production approach GSP(P), 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 14/09/2007  First Issue
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OWNERSHIP OF DWELLINGS

Definition and scope

Ownership of dwellings consists of landlords and owner-occupiers of dwellings. Owner-occupiers are regarded as operating a business that generates a gross operating surplus. The imputation of a rent to owner-occupied dwellings enables the services provided by dwellings to their owner-occupiers to be treated consistently with the marketed services provided by rented dwellings to their tenants. Owner-occupiers are regarded as receiving rents (from themselves as consumers), paying expenses, and making a net contribution to the value of production which accrues to them as owners.



Summary of GSP(P) sources and methods

The methodology for Ownership of dwellings uses an output indicator approach to compile state by industry GVA estimates. Output volumes are derived using the HFCE volumes of rent. The state volume GVAs are benchmarked to the annual national industry volume GVA.



Results for Ownership of dwellings

Ownership of dwellings gross value added(a), Chain volume measures(b)

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06

Values ($m)

New South Wales
22 766
23 627
24 539
25 459
26 531
27 535
Victoria
14 559
15 117
15 716
16 324
17 028
17 686
Queensland
10 557
10 993
11 466
11 945
12 484
12 991
South Australia
4 163
4 316
4 480
4 646
4 839
5 018
Western Australia
5 436
5 646
5 873
6 106
6 376
6 635
Tasmania
965
1 000
1 039
1 079
1 124
1 167
Northern Territory
810
840
871
903
943
980
Australian Capital Territory
1 377
1 429
1 483
1 537
1 600
1 661
Australia
60 647
62 978
65 473
68 002
70 927
73 673

Percentage changes from previous year (%)

New South Wales
3.8
3.8
3.9
3.7
4.2
3.8
Victoria
3.8
3.8
4.0
3.9
4.3
3.9
Queensland
4.0
4.1
4.3
4.2
4.5
4.1
South Australia
3.6
3.7
3.8
3.7
4.2
3.7
Western Australia
3.8
3.9
4.0
4.0
4.4
4.1
Tasmania
3.5
3.6
3.9
3.9
4.2
3.8
Northern Territory
3.8
3.7
3.7
3.8
4.4
4.0
Australian Capital Territory
3.8
3.7
3.8
3.7
4.1
3.8
Australia
3.8
3.8
4.0
3.9
4.3
3.9

(a) At basic prices.
(b) Reference year for chain volume measures is 2004-05.

Ownership of dwellings gross value added(a), Chain volume measures(b)-Percentage changes
Graph: Ownership of dwellings gross value added(a), Chain volume measures(b)–Percentage changes


Ownership of dwellings gross value added(a), Chain volume measures(b)-Percentage changes
Graph: Ownership of dwellings gross value added(a), Chain volume measures(b)–Percentage changes


Ownership of dwellings gross value added(a), Chain volume measures(b)-Percentage changes
Graph: Ownership of dwellings gross value added(a), Chain volume measures(b)–Percentage changes


Ownership of dwellings gross value added(a), Chain volume measures(b)-Percentage changes
Graph: Ownership of dwellings gross value added(a), Chain volume measures(b)–Percentage changes



All states exhibited a positive growth pattern similar to Australia throughout the time series. The rise in growth in 1996-97 is related to the fall in interest rates from around 10% in 1995-96 to around 7% in 1996-97. Since 2000-01, all states have exhibited growth rates around 4%.

Ownership of dwellings gross value added, State shares - Current prices

1989-90
1994-95
1999-00
2003-04
2004-05
2005-06
%
%
%
%
%
%

New South Wales
41.6
39.9
40.1
38.6
37.4
36.4
Victoria
25.4
23.4
24.2
24.0
24.0
23.6
Queensland
14.0
16.6
16.2
16.8
17.6
18.4
South Australia
7.0
7.3
6.8
6.7
6.8
6.8
Western Australia
7.8
7.9
8.2
8.9
9.0
9.3
Tasmania
1.7
1.9
1.7
1.6
1.6
1.6
Northern Territory
0.6
0.8
1.0
1.1
1.3
1.6
Australian Capital Territory
1.9
2.2
1.8
2.2
2.3
2.2
Australia
100.0
100.0
100.0
100.0
100.0
100.0


New South Wales, Queensland and Victoria accounted for almost 80% of Australian Ownership of dwellings GVA in 2005-06. State shares have fallen in New South Wales and Victoria throughout the time series, with New South Wales falling from 41.6% in 1989-90 to 36.4% in 2005-06. Queensland, Western Australia and the Northern Territory have been the states whose shares have risen, with Queensland rising from 14.0% in 1989-90 to 18.4% in 2005-06. The shares for South Australia, Tasmania and the Australian Capital Territory have remained fairly stable.



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