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FEATURE ARTICLE: AVERAGE QUARTERLY COMPLETION TIMES FOR NEW HOUSES
States and Territories by Five Year Time Spans
Graph 2 shows the five year average construction time to the end of the stated year for new houses in Australia and each state and territory (states). The use of five year spans allows a concise comparison between states. At a national level, the first span contains the tail of the 1980s and the fall at the start of the 1990s (to December 1992) and the last contains the consistent rise from January 2003 to December 2007.
Considering the levels of the graphs for each state, it is evident that Queensland has consistently had the shortest average completion times for new houses and this continued to be the case in the latest five year period. For most of the period considered, Tasmania had the longest average completion times. Western Australia has also seen the largest increase in average construction times in the latest five year period.
Comparing the shapes of the state graphs (graph 2) suggests that there are groups of states with similar changes in construction times over the 20 year period. Most states are characterised by relatively long completion times in the 1988-1992 period, followed by a fall in the next two periods and increasing again in 2003-2007, with longer completion times in the larger states than prior to the fall. Queensland, South Australia and Western Australia form a second group, showing comparatively modest falls in average completion times following the 1988-1992 period but pronounced rises in 2003-2007. This is particularly noticeable in Western Australia.
For more information on this article, please contact David Signorelli on Adelaide (08) 8237 7308.
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