8752.0 - Building Activity, Australia, Jun 2004  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/10/2004   
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JUNE KEY FIGURES

Jun qtr 04
Mar qtr 04 to Jun qtr 04
Jun qtr 03 to Jun qtr 04
$m
% change
% change

TREND ESTIMATES(a)

Value of work done
12,983.3
2.1
9.9
New residential building
7,441.7
2.1
9.6
Alterations and additions to residential building
1,351.5
0.6
9.9
Non-residential building
4,170.2
2.1
9.9

SEASONALLY ADJUSTED ESTIMATES(a)

Value of work done
12,863.7
0.7
10.5
New residential building
7,358.9
-
10.8
Alterations and additions to residential building
1,354.9
1.7
14.2
Non-residential building
4,149.9
1.5
9.0

- nil or rounded to zero (including null cells)
(a) Chain volume measures, reference year 2002-03.

Value of work done, Volume terms
Graph: Value of work done, Volume terms, Trend estimates

Value of work done, Volume terms - Trend estimates
Graph: Value of work done, Volume terms



JUNE KEY POINTS


VALUE OF WORK DONE, VOLUME TERMS

TREND ESTIMATES

  • The trend estimate of the value of total building work done rose 2.1% in the June quarter 2004.
  • New residential building work rose 2.1% in the latest quarter. New houses were up 3.1% and new other residential buildings were up 0.1%. Alterations and additions rose 0.6%, the fourteenth consecutive quarterly increase. Non-residential work done rose 2.1%.

SEASONALLY ADJUSTED ESTIMATES
  • In seasonally adjusted terms, total building work done rose 0.7% in the June quarter to $12,863.7m, the highest level recorded for this series.
  • New residential work rose marginally to $7,358.9m. New houses were up 1.5%, to $4,971.4m, a level exceeded only by the June quarter 2000, while new other residential building fell 2.9%, to $2,387.5m. Alterations and additions rose 1.7% to a new record level of $1,354.9m. Non-residential work rose 1.5%, to $4,149.9m.

ORIGINAL ESTIMATES
  • In original terms, total building work done rose 7.4% in the June quarter to $12,792.3m. New houses were up 7.4% to $4,923.7m, a level exceeded only by the June quarter 2000. New other residential building rose 3.2%, to $2,413.9m, with alterations and additions up 12.1%, to $1,375.6m. Non-residential work rose 8.4%, to $4,079.1m.


NOTES


ABOUT THIS ISSUE

This publication contains detailed estimates from the quarterly Building Activity Survey. The data are subject to revision when returns from the following quarter are processed and final data for the June quarter 2004 will be released in Building Activity, Australia (cat. no. 8752.0) on 21 January 2005.



CHANGES IN THIS ISSUE

A new base year, 2002-03, has been introduced into the chain volume estimates which has resulted in revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2002-03, thereby preserving additivity in the quarters after the reference year. Re-referencing affects the levels of, but not the movements in, chain volume estimates.


From the September quarter 2004 onwards, contributions to published estimates from smaller house renovations in scope of the collection will not be directly collected as part of the Building Activity Survey. They will be estimated from their approval value. This change, affecting building jobs involving alterations and additions to houses with an approval value of less that $40,000, will not have a significant effect on any of the published series.


Two new tables have been added (table 19 and table 24) and the format of two existing tables (table 18 and table 23) has been changed. All tables have been renumbered from table 18. See the List of Tables for more details.


Corresponding changes have been made to the format and table numbers in AusStats.



SIGNIFICANT REVISIONS THIS ISSUE

Compared with the estimates in original terms published in the previous issue of this publication:

  • the total number of dwellings commenced during the March quarter 2004 has been revised downwards by 381 (-0.9%). This was mainly the result of downward revisions of 179 (-1.6%) in New South Wales and 115 (-5.0%) in South Australia.
  • the total value of building work done during the March quarter has been revised upwards by $154.2m (+1.2%), with residential building accounting for $141.1m of the increase. The main contributor to the increase in non-residential building was New South Wales, up by $108.6m (+8.2%).


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Andrew Stidston on Adelaide (08) 8237 7668.



SUMMARY COMMENTARY


VALUE OF WORK COMMENCED, VOLUME TERMS

TREND AND SEASONALLY ADJUSTED ESTIMATES

Jun qtr 04
Mar qtr 04 to Jun qtr 04
Jun qtr 03 to Jun qtr 04
$m
% change
% change

TREND(a)

Value of work commenced
12,580.7
-
5.6
New residential building
7,572.8
2.4
10.0
Alterations and additions to residential building
1,285.8
-0.2
6.2
Non-residential building
3,776.8
-3.0
-1.0

SEASONALLY ADJUSTED(a)

Value of work commenced
12,502.6
0.2
7.3
New residential building
7,576.0
4.0
11.3
Alterations and additions to residential building
1,311.9
5.9
11.1
Non-residential building
3,614.8
-8.5
-1.2

- nil or rounded to zero (including null cells)
(a) Chain volume measures, reference year 2002-03.


TREND

  • The trend estimate of the total value of building work commenced was unchanged in the June quarter 2004.
  • The value of new residential building commenced rose 2.4% in the June quarter 2004. New houses were up (+0.9%) for the fifth consecutive quarter and new other residential building was up 4.7%. Alterations and additions to residential buildings fell by 0.2% following five quarters of growth. Non-residential building commencements fell 3.0%
VALUE OF WORK COMMENCED IN VOLUME TERMS, Trend
Graph: Value of work commenced in volume terms, Trend



SEASONALLY ADJUSTED
  • In seasonally adjusted terms, the total value of building work commenced rose 0.2% in the June quarter 2004, to $12,502.6m.
  • Commencements of new residential buildings rose 4.0%, to $7,576.0m, the highest level on record. New houses rose 1.8%, to $5,132.9m, while new other residential building rose 8.8% to $2,443.1m. Alterations and additions rose 5.9% to $1,311.9m.
  • Non-residential work commenced fell 8.5%, to $3,614.8m.


VALUE OF WORK DONE, VOLUME TERMS - JUNE QTR 2004

SUMMARY COMMENTS
  • In the June quarter 2004, the seasonally adjusted estimate of total building work done rose in a majority of states with the Australian Capital Territory (+5.2%), Queensland (+3.4%) and Victoria (+1.3%) recording the largest increases. Falls were recorded in the Northern Territory (-6.8%), New South Wales (-2.1%) and Western Australia (-1.8%).
  • In original terms, all states other than Western Australia (-2.9%) recorded an increase in total building work done. Victoria (+11.4%), Queensland (+12.2%), Tasmania (+11.7%), the Northern Territory (+12.8%) and the Australian Capital Territory (+16.0%) all recorded double figure percentage increases in the value of work done.

NSW
Vic.
Qld
SA
WA
Tas.
NT
ACT
Aust.

ORIGINAL(a)

Value of work done
New residential building ($m)
2,205.5
2,080.2
1,690.8
374.4
710.9
101.2
43.8
130.9
7,337.6
Alterations and additions to residential building ($m)
496.5
457.6
209.5
79.7
74.3
24.8
8.6
24.6
1,375.6
Non-residential building ($m)
1,265.3
1,311.6
774.6
261.3
297.3
53.3
45.4
70.4
4,079.1
Total building ($m)
3,967.3
3,849.3
2,674.9
715.4
1,082.5
179.3
97.7
225.9
12,792.3
Percentage change
New residential building (%)
5.1
6.2
8.1
6.8
-1.9
7.6
24.4
31.8
5.9
Alterations and additions to residential building (%)
4.8
17.4
25.7
8.8
4.0
8.6
12.7
11.5
12.1
Non-residential building (%)
-0.6
18.7
18.7
3.4
-6.5
22.2
3.5
-4.0
8.4
Total building (%)
3.2
11.4
12.2
5.7
-2.9
11.7
12.8
16.0
7.4

SEASONALLY ADJUSTED(a)

Value of work done
New residential building ($m)
2,220.5
2,047.7
1,718.3
378.1
725.5
101.5
42.7
120.3
7,358.9
Alterations and additions to residential building ($m)
503.3
434.8
211.4
82.2
71.7
23.9
-
24.4
1,354.9
Non-residential building ($m)
1,262.6
1,288.9
765.7
257.3
341.7
51.0
-
75.7
4,149.9
Total building ($m)
3,986.4
3,771.3
2,695.4
717.6
1,138.9
176.3
92.3
220.4
12,863.7
Percentage change
New residential building (%)
-0.5
-1.0
1.7
3.0
-2.1
2.9
-4.2
9.2
-
Alterations and additions to residential building (%)
0.9
2.7
11.0
5.1
-3.3
-7.1
-
-4.5
1.7
Non-residential building (%)
-5.9
4.7
5.4
-4.5
-0.8
0.8
-
2.6
1.5
Total building (%)
-2.1
1.3
3.4
0.4
-1.8
0.8
-6.8
5.2
0.7

- nil or rounded to zero (including null cells)
(a) Chain volume measures, reference year 2002-03.



VALUE OF WORK DONE, VOLUME TERMS

TREND ESTIMATES

New South Wales, Victoria, Queensland

Graph: Value of work done, Volume terms, Trend estimates New South Wales, Victoria, Queensland



The trend estimate of the total value of building work done has shown slow growth in New South Wales over the past four quarters. In Victoria, work done has recorded growth for the last four quarters, while Queensland has shown growth for the last five quarters.


South Australia, Western Australia

Graph: Value of work done, Volume terms, Trend estimates South Australia, Western Australia



Apart from a short period in the middle of 2003, the trend estimate of total work done in Western Australia has shown steady growth since early 2001. In South Australia work done has recorded continuous growth for the last three years.


Tasmania, Northern Territory, Australian Capital Territory

Graph: Value of work done, Volume terms, Trend estimates Tasmania, Northern Territory, Australian Capital Territory



The trend estimate of the total value of building work done in Tasmania has grown for the last five quarters. Work done in the Northern Territory has declined over the last two quarters following two quarters of strong growth, while the Australian Capital Territory has declined for the last five quarters.