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1301.0 - Year Book Australia, 2002  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/01/2002   
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Contents >> Construction >> Residential building - Value of residential building

Table 20.14 shows that total approvals for new residential building were valued at $18,191m in 2000, falling from $20,008m (9%) in 1999. This pattern was reversed for the value of work done, which increased by 15% in 2000. This reflects the impact of the lead time between approvals and activity in the period prior to the introduction of the GST.

The value of new houses, in terms of both approvals and activity, dominates the residential sector.

20.14 VALUE OF RESIDENTIAL BUILDING - 1999 and 2000

Approved
Work done
1999

$m
2000

$m
1999

$m
2000

$m

New residential buildings
-New houses
14,679
12,594
12,935
14,787
-New other residential buildings
5,329
5,597
5,559
6,427
Total new residential buildings
20,008
18,191
18,492
21,220
Alterations and additions to residential buildings(a)
3,194
3,349
3,426
3,682

(a) Valued at $10,000 or more.
Note: Due to seasonal adjustment methods, totals do not necessarily equal the sum of the components.

Source: Building Approvals, Australia (8731.0); Building Activity, Australia (8752.0).


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