8752.0 - Building Activity, Australia, Dec 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/04/2009   
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VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

Dec qtr 08
Sep qtr 08 to Dec qtr 08
Dec qtr 07 to Dec qtr 08
$m
% change
% change

Trend(a)

Value of work commenced
15 979.3
-10.5
-16.9
New residential building
7 906.3
-9.7
-16.2
Alterations and additions to residential building
1 451.0
-2.5
-11.8
Non-residential building
6 747.8
-11.3
-17.1

Seasonally Adjusted(a)

Value of work commenced
14 772.7
-19.9
-24.8
New residential building
7 526.4
-15.5
-20.8
Alterations and additions to residential building
1 432.8
-4.7
-17.5
Non-residential building
5 813.5
-27.6
-30.8

(a) Chain volume measures, reference year 2006-07.



TREND
  • The trend estimate of the total value of building work commenced fell 10.5% in the December quarter 2008.
  • The value of new residential building commenced fell 9.7%. New house commencements fell 6.5% and new other residential commencements fell 14.5%. The value of commencements for alterations and additions to residential buildings fell 2.5%. The value of non-residential building fell by 11.3%.
Value of Work Commenced in Volume Terms, Trend
Graph: Value of Work Commenced in Volume Terms, Trend



SEASONALLY ADJUSTED
  • In seasonally adjusted terms, the estimate of the total value of building work commenced in the December quarter fell 19.9% following a fall of 7.2% in September.
  • Commencements of new residential buildings fell 15.5%, to $7,526.4m. New house commencements fell 4.8%, to $5,496.5m, while new other residential building fell 35.3%, to $2,029.9m. Alterations and additions fell 4.7%, to $1,432.8m. Non-residential work commenced fell 27.6%, to $5,813.5m.