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8752.0 - Building Activity, Australia, Dec 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 15/04/2015   
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VALUE OF WORK DONE, CHAIN VOLUME MEASURES

DECEMBER KEY FIGURES

Dec qtr 14
Sep qtr 14 to Dec qtr 14
Dec qtr 13 to Dec qtr 14
$m
% change
% change

TREND ESTIMATES(a)

Value of work done
22 328.0
-0.2
4.1
New residential building
12 034.8
1.0
10.8
Alterations and additions to residential building
1 717.4
-2.0
-4.0
Non-residential building
8 584.2
-1.4
-2.5

SEASONALLY ADJUSTED ESTIMATES(a)

Value of work done
22 267.5
-0.2
5.3
New residential building
12 089.1
2.8
14.8
Alterations and additions to residential building
1 703.8
-3.1
-4.9
Non-residential building
8 474.5
-3.5
-4.0

(a) Reference year for chain volume measures is 2012-13.

Value of work done, Chain volume measures
Graph: Value of work done, Chain volume measures

Value of work done, Chain volume measures - Trend estimates
Graph: Value of work done, chain volume measures  Trend estimates


DECEMBER KEY POINTS

BUILDING WORK DONE
  • The trend estimate of the value of total building work done fell 0.2% in the December 2014 quarter.
  • The seasonally adjusted estimate of the value of total building work done fell 0.2% to $22,267.5m in the December quarter, following a fall of 0.7% in the September 2014 quarter.


NEW RESIDENTIAL BUILDING WORK DONE
  • The trend estimate of the value of new residential building work done rose 1.0% in the December quarter. The value of work done on new houses rose 0.3% while new other residential building rose 1.9%.
  • The seasonally adjusted estimate of the value of new residential building work done rose 2.8% to $12,089.1m. Work done on new houses rose 2.2% to $7,066.3m, while new other residential building rose 3.6% to $5,022.8m.


NON-RESIDENTIAL WORK DONE
  • The trend estimate of the value of non-residential building work done fell 1.4% in the December quarter.
  • The seasonally adjusted estimate of the value of non-residential building work done in the quarter fell 3.5% to $8,474.5m, following a fall of 0.5% in the September 2014 quarter.


DWELLING UNITS COMMENCED

DECEMBER KEY FIGURES

Dec qtr 14
Sep qtr 14 to Dec qtr 14
Dec qtr 13 to Dec qtr 14
no.
% change
% change

TREND ESTIMATES

Total dwelling units commenced
50 237
-
12.0
New private sector houses
27 933
-0.1
11.0
New private sector other residential building
21 331
0.5
15.0

SEASONALLY ADJUSTED ESTIMATES

Total dwelling units commenced
48 125
-10.6
6.8
New private sector houses
27 826
-0.7
15.4
New private sector other residential building
19 307
-22.5
-2.6

- nil or rounded to zero (including null cells)


Dwelling units commenced
Graph: Dwelling units commenced

Private dwellings commenced, Trend estimates
Graph: Private dwellings commenced Trend estimates

DECEMBER KEY POINTS

TOTAL DWELLINGS
  • The trend estimate for the total number of dwelling units commenced was flat in the December 2014 quarter following a rise of 1.5% in the September quarter.
  • The seasonally adjusted estimate for the total number of dwelling units commenced fell 10.6% to 48,125 dwellings in the December quarter following a rise of 15.8% in the September quarter.


NEW PRIVATE SECTOR HOUSES
  • The trend estimate for new private sector house commencements fell 0.1% in the December quarter following a rise of 1.5% in the September quarter.
  • The seasonally adjusted estimate for new private sector house commencements fell 0.7% to 27,826 dwellings in the December quarter following a rise of 1.9% in the September quarter.


NEW PRIVATE SECTOR OTHER RESIDENTIAL BUILDING
  • The trend estimate for new private sector other residential building commencements rose 0.5% in the December quarter following a rise of 1.9% in the September quarter.
  • The seasonally adjusted estimate for new private sector other residential building fell 22.5% to 19,307 dwellings in the December quarter following a rise of 40.2% in the September quarter.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2015 15 July 2015
June 2015 14 October 2015



ABOUT THIS ISSUE

This publication updates the preliminary estimates released in Construction Work Done, Australia (cat. no. 8755.0) on 25 February 2015. The data in this publication are based on a response rate of approximately 92% of the value of building work done during the quarter. The data are subject to revision when returns from the following quarter are processed. Final data for the December quarter 2014 will be released in the next release of this publication, Building Activity, Australia (cat. no. 8752.0) on 15 July 2015.


SIGNIFICANT REVISIONS THIS ISSUE

Compared to the estimate published in Building Activity, Australia, September quarter 2014 (cat. no. 8752.0) released on 15 January 2014:
  • the total value of work done in Australia during September quarter 2014 has been revised upwards by $40.8m or 0.2%.
  • the total value of work commenced in Australia during September quarter 2014 has been revised upwards by $811.2m or 3.4%. This was driven by upwards revisions to non-residential commencements ($149.9m) and residential commencements ($661.3m).
  • the number of dwelling unit commencements in the September quarter 2014 has been revised upwards by 1,985 dwellings or 3.6%.


DATA NOTE

Several time series spreadsheets contain 'np' (not available for publication) annotations from the September quarter 2012 onwards. This is due to confidential data being contained in these series.


INQUIRIES

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