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8752.0 - Building Activity, Australia, Dec 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 19/04/2004   
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KEY FIGURES

Dec qtr 03
Sep qtr 03 to Dec qtr 03
Dec qtr 02 to Dec qtr 03
$m
% change
% change

TREND ESTIMATES(a)

Value of work done
11,802.9
2.4
3.4
New residential building
6,716.4
2.1
1.4
Alterations and additions to residential building
1,281.9
3.9
11.9
Non-residential building
3,800.8
2.2
4.1

SEASONALLY ADJUSTED ESTIMATES(a)

Value of work done
12,082.1
5.9
6.1
New residential building
6,891.2
6.1
3.7
Alterations and additions to residential building
1,297.0
3.9
13.1
Non-residential building
3,893.9
6.3
8.5

(a) Chain volume measures, reference year 2001-02.
VALUE OF WORK DONE
Volume terms
Graph: Value of work done, Volume terms

VALUE OF WORK DONE
Volume terms—Trend estimates
Graph: Value of work done, Volume terms - Trend estimates



KEY POINTS

VALUE OF WORK DONE, Volume Terms

TREND ESTIMATES
  • The trend estimate of the value of total building work done rose 2.4% in the December quarter 2003.
  • New residential building work rose 2.1% in the latest quarter. New houses rose 1.9% and new other residential buildings was up 2.4%, rising for the eleventh consecutive quarter.
  • Non-residential work done rose 2.2%.


SEASONALLY ADJUSTED ESTIMATES
  • In seasonally adjusted terms, total building work done rose 5.9% in the December quarter 2003, to $12,082.1m, a level exceeded only by the June quarter 2000.
  • New residential work rose 6.1%, to $6,891.2m. New houses were up 6.8%, to $4,553.2m, a level exceeded only by the June quarter 2000, and new other dwellings rose 4.8%, to a record $2,338.1m. Alterations and additions rose 3.9%, to a record $1,297.0m.
  • Work done on non-residential building rose 6.3%, to $3,893.9m, the highest level since the June quarter 1999.


ORIGINAL ESTIMATES
  • In original terms, total work done rose 6.0%, to a record $12,532.4m. New houses were up 6.5%, to $4,737.7m (exceeded only by the June quarter 2000). New other dwellings rose 3.7%, to a record $2,369.5m and alterations and additions rose 7.5%, to a record $1,360.7m. Non-residential work was up 6.2%, to $4,064.5m, the highest for five years.


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 December quarter 2003 will be released in Building Activity, Australia (cat. no. 8752.0) on 20 July 2004.


CHANGES IN THIS ISSUE

An Appendix lists electronic tables and a data cube available from the ABS website and AusStats.


SIGNIFICANT REVISIONS THIS ISSUE

Seasonally adjusted and trend estimates have been revised as a result of the annual review of concurrent seasonal factors. See paragraphs 29 to 32 of the Explanatory Notes.

Compared with the estimates in original terms published in the previous issue of this publication:
  • the total number of dwellings commenced during the September quarter 2003 has been revised downwards by 388 (-0.9%), and
  • the total value of building work commenced during the September quarter has been revised downwards by $123.8m (-1.0%). The main contributors were New South Wales down by $52.4m (-1.3%), Victoria down by $37.1m (-1.0%) and Queensland down by $28.2m (-1.0%).


Inquiries

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Tony Bammann on Adelaide (08) 8237 7316.


VALUE OF WORK COMMENCED, Volume Terms

TREND AND SEASONALLY ADJUSTED ESTIMATES

Dec qtr 03
Sep qtr 03 to Dec qtr 03
Dec qtr 02 to Dec qtr 03
$m
% change
% change

TREND(a)

Value of work commenced
12,032.6
3.9
-0.2
New residential building
6,983.6
3.9
-0.6
Alterations and additions to residential building
1,264.7
3.9
12.3
Non-residential building
3,772.8
3.5
-3.5

SEASONALLY ADJUSTED(a)

Value of work commenced
12,356.4
7.1
-1.8
New residential building
7,253.7
11.0
3.4
Alterations and additions to residential building
1,279.9
3.5
13.0
Non-residential building
3,822.8
1.4
-13.8

(a) Chain volume measures, reference year 2001-02.
TREND
  • The trend estimate of the total value of building work commenced rose 3.9% in the December quarter 2003.
  • New residential buildings rose 3.9% in the latest quarter. New houses rose (+5.2%) for the third consecutive quarter and new other dwellings rose (+1.3%), following three quarters of decline. Alterations and additions rose 3.9%, the third consecutive quarterly rise. Non-residential building commencements rose 3.5%.

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 7.1% in the December quarter 2003, to $12,356.4m, a level only exceeded by the December quarter 2002.
  • Commencements of new residential buildings rose 11.0%, to a record $7,253.7m. New houses were up 5.0%, to $4,926.7m (exceeded only by the March quarter 2000), and new other dwellings rose by 26.4%, to $2,326.9m. Alterations and additions rose 3.5%, to a second consecutive quarterly record of $1,279.9m.
  • Non-residential work commenced rose 1.4%, to $3,822.8m, the second highest level for six years.


VALUE OF WORK DONE, Volume Terms, December qtr 2003

SUMMARY COMMENTS
  • In the December quarter 2003, the seasonally adjusted estimate of total building work done rose in most states and territories, with Queensland recording the largest increase (+17.8%), followed by Tasmania (+7.7%). Only Western Australia (-5.2%) and the Australian Capital Territory (-0.4%) recorded falls.
  • In original terms, only Western Australia (-6.6%) recorded a fall in total building work done. Tasmania recorded the largest increase (+16.7%), followed by Queensland (+15.6%), the Northern Territory (+11.2%) and South Australia (+10.1%).
NSW
Vic.
Qld
SA
WA
Tas.
NT
ACT
Aust.

ORIGINAL(a)

Value of work done
New residential building ($m)
2,147.1
1,993.5
1,710.1
356.0
643.0
85.2
52.5
119.8
7,107.3
Alterations and additions to residential building ($m)
548.6
396.9
214.5
75.9
69.5
20.4
8.3
26.6
1,360.7
Non-residential building ($m)
1,324.8
1,215.9
746.7
261.8
335.6
59.9
44.6
75.2
4,064.5
Total building ($m)
4,020.5
3,606.3
2,671.2
693.7
1,048.2
165.5
105.4
221.6
12,532.4
Percentage change
New residential building (%)
4.2
2.6
15.8
6.2
-6.2
21.3
19.6
3.1
5.6
Alterations and additions to residential building (%)
13.7
-2.0
18.5
0.8
-3.4
13.1
25.6
7.2
7.5
Non-residential building (%)
1.2
9.4
14.4
19.4
-8.0
11.8
0.7
3.7
6.2
Total building (%)
4.4
4.2
15.6
10.1
-6.6
16.7
11.2
3.8
6.0

SEASONALLY ADJUSTED(a)

Value of work done
New residential building ($m)
2,007.3
1,999.4
1,652.8
339.2
619.5
78.9
na
121.1
6,891.2
Alterations and additions to residential building ($m)
528.1
385.2
195.6
71.7
67.6
19.1
na
24.3
1,297.0
Non-residential building ($m)
1,266.8
1,143.8
714.6
242.7
311.7
56.5
na
68.5
3,893.9
Total building ($m)
3,802.2
3,528.4
2,563.0
653.5
998.8
154.5
99.5
213.9
12,082.1
Percentage change
New residential building (%)
-0.4
7.5
19.9
2.4
-8.3
11.2
na
3.5
6.1
Alterations and additions to residential building (%)
10.7
-4.6
10.7
-1.2
-8.6
6.2
na
1.4
3.9
Non-residential building (%)
-2.5
6.0
15.3
7.6
2.7
3.7
na
-7.3
6.3
Total building (%)
0.3
5.6
17.8
3.8
-5.2
7.7
6.4
-0.4
5.9

na not available
(a) Chain volume measures, reference year 2001-02.
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 remained flat in New South Wales for the last three quarters. In Queensland, the trend has turned upwards over the last three quarters and resumed the growth evident in 2001 and 2002, while in Victoria, work done has risen over the last two quarters.


South Australia, Western Australia
Graph: Value of Work Done, Volume Terms, Trend Estimates - South Australia, Western Australia


The trend estimate of the total value of building work done continued to rise in South Australia, but has turned downwards over the last three quarters in Western Australia.


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 continued its upward trend for a third quarter. In the Northern Territory, work done has shown growth for the last two quarters, following a period of slow decline, while the Australian Capital Territory has continued its downward trend for a third quarter.


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