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8752.0 - Building Activity, Australia, Mar 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 20/07/2004   
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MARCH KEY FIGURES

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

TREND ESTIMATES(a)

Value of work done
12,119.4
3.0
6.2
New residential building
7,015.2
3.7
6.5
Alterations and additions to residential building
1,295.4
2.1
12.2
Non-residential building
3,795.8
1.6
3.3

SEASONALLY ADJUSTED ESTIMATES(a)

Value of work done
12,058.5
0.6
3.8
New residential building
7,013.2
2.4
4.3
Alterations and additions to residential building
1,278.6
-0.6
9.6
Non-residential building
3,766.6
-2.3
1.0

(a) Chain volume measures, reference year 2001-02.

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: Total Building, New Residential, Non-residential



MARCH KEY POINTS


VALUE OF WORK DONE, VOLUME TERMS

TREND ESTIMATES

  • The trend estimate of the value of total building work done rose 3.0% in the March quarter 2004.
  • New residential building work rose 3.7% in the latest quarter. New houses were up 4.8% and new other residential buildings were up 1.5%, rising for the twelfth consecutive quarter. Alterations and additions rose 2.1%, the thirteenth quarterly increase.
  • Non-residential work done rose 1.6%.

SEASONALLY ADJUSTED ESTIMATES
  • In seasonally adjusted terms, total building work done rose 0.6% in the March quarter to $12,058.5m, a level exceeded only by the June quarter 2000.
  • New residential work rose 2.4%, to $7,013.2m. New houses were up 4.4%, to $4,716.3m, a level exceeded only by the June quarter 2000, while new other dwellings fell 1.4% from last quarter's record level, to $2,296.9m. Alterations and additions fell 0.6% from last quarter's record level, to $1,278.6m.
  • Work done on non-residential building fell 2.3%, to $3,766.6m.


ORIGINAL ESTIMATES
  • In original terms, total building work done fell 9.0%, to $11,337.1m. New houses were down 5.1%, to $4,454.0m, new other dwellings down 7.7%, to $2,178.0m and alterations and additions down 11.5%, to $1,192.2m. Non-residential work fell 13.4%, to $3,512.9m.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)Release Date
June 200413 October 2004
September 200421 January 2005



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 March quarter 2004 will be released in Building Activity, Australia (cat. no. 8752.0) on 13 October 2004.



CHANGES IN THIS ISSUE

Commencing from this issue, a separate Glossary of terms has been included (see pages 53-55), and as a result, the Explanatory Notes have been revised.



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 December quarter 2003 has been revised downwards by 411 (-0.9%). This was mainly the result of downward revisions of 189 (-1.5%) in Queensland and 102 (-0.8%) in Victoria, and
  • the total value of building work commenced during the December quarter has been revised upwards by $67.8m (+0.5%), with an increase of $146.4m (+3.4%) in non-residential building being partly offset by a decrease of $78.5m (-0.8%) in residential building. The main contributor to the increase in non-residential building was Victoria, up by $137.2m (+12.1%), while the main contributors to the decrease in residential building were Queensland, down by $30.8m (-1.3%), and Victoria, down by $27.8m (-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.



SUMMARY COMMENTARY


VALUE OF WORK COMMENCED, VOLUME TERMS

TREND AND SEASONALLY ADJUSTED ESTIMATES

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

TREND(a)

Value of work commenced
12,200.6
2.3
4.6
New residential building
7,137.8
3.4
5.8
Alterations and additions to residential building
1,230.1
-0.3
9.3
Non-residential building
3,830.8
1.0
0.9

SEASONALLY ADJUSTED(a)

Value of work commenced
12,000.0
-2.5
4.6
New residential building
7,031.6
-1.8
4.0
Alterations and additions to residential building
1,188.9
-6.2
6.3
Non-residential building
3,779.5
-2.6
5.3

(a) Chain volume measures, reference year 2001-02.


TREND

  • The trend estimate of the total value of building work commenced rose 2.3% in the March quarter 2004.
  • New residential buildings rose 3.4% in the latest quarter. New houses were up (+3.3%) for the fourth consecutive quarter and new other dwellings were up 3.6%. Alterations and additions to residential buildings fell by 0.3% following three consecutive quarterly increases. Non-residential building commencements rose 1.0%.
VALUE OF WORK COMMENCED IN VOLUME TERMS, Trend
Graph: Value of work commenced in volume terms, Trend: Total, New Residential, Non-residential



SEASONALLY ADJUSTED
  • In seasonally adjusted terms, the total value of building work commenced fell 2.5% in the March quarter 2004 to $12,000.0m.
  • Commencements of new residential buildings fell 1.8%, to $7,031.6m, the third highest level on record. New houses were down 0.2% to $4,878.9m and new other dwellings were down 5.1%, to $2,152.7m. Alterations and additions fell 6.2% from last quarter's record high, to $1,188.9m.
  • Non-residential work commenced fell 2.6%, to $3,779.5m.


VALUE OF WORK DONE, VOLUME TERMS - MARCH QTR 2004

SUMMARY COMMENTS
  • In the March quarter 2004, the seasonally adjusted estimate of total building work done rose in most states, with Western Australia recording the largest increase (+10.4%), followed by Tasmania (+8.8%) and South Australia (+5.4%). Falls were recorded by Queensland (-2.8%) and the two territories.
  • In original terms, only Western Australia (+1.6%) recorded an increase in total building work done. The Northern Territory recorded the largest fall (-18.4%), followed by the Australian Capital Territory (-15.8%), Queensland (-14.1%) and New South Wales (-10.3%).

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

ORIGINAL(a)

Value of work done
New residential building ($m)
2,000.7
1,876.2
1,489.1
342.1
704.4
91.1
34.0
94.3
6,632.0
Alterations and additions to residential building ($m)
464.7
382.1
158.8
66.5
70.2
21.5
7.5
21.0
1,192.2
Non-residential building ($m)
1,138.7
1,068.4
620.3
243.8
285.5
42.6
43.3
70.3
3,512.9
Total building ($m)
3,604.1
3,326.8
2,268.2
652.4
1,060.1
155.2
84.7
185.6
11,337.1
Percentage change
New residential building (%)
-6.8
-4.8
-11.7
-3.1
9.8
7.6
-34.7
-21.0
-6.0
Alterations and additions to residential building (%)
-15.1
-2.3
-25.1
-11.7
2.7
6.1
0.3
-19.5
-11.5
Non-residential building (%)
-14.1
-12.6
-16.3
-5.3
-14.4
-29.0
-2.4
-6.3
-13.4
Total building (%)
-10.3
-7.2
-14.1
-4.8
1.6
-5.9
-18.4
-15.8
-9.0

SEASONALLY ADJUSTED(a)

Value of work done
New residential building ($m)
2,120.4
1,981.5
1,598.8
356.3
719.0
94.6
na
104.5
7,013.2
Alterations and additions to residential building ($m)
488.7
411.9
179.2
71.3
73.3
24.7
na
24.4
1,278.6
Non-residential building ($m)
1,218.4
1,184.2
682.8
261.7
305.9
50.0
na
71.0
3,766.6
Total building ($m)
3,827.4
3,577.5
2,460.9
689.2
1,098.2
169.3
97.3
199.9
12,058.5
Percentage change
New residential building (%)
4.9
-0.2
-1.8
4.5
16.3
17.6
na
-12.8
2.4
Alterations and additions to residential building (%)
-6.8
8.0
-6.3
0.4
10.7
27.5
na
1.9
-0.6
Non-residential building (%)
-3.8
2.2
-4.2
8.0
-1.3
-10.3
na
3.0
-2.3
Total building (%)
0.4
1.5
-2.8
5.4
10.4
8.8
-1.0
-6.0
0.6

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 four quarters. In Victoria, work done has recorded growth for the last three quarters, while Queensland has shown strong growth for the last four 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 rose for the latest quarter in Western Australia, following three quarters of decline. 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 shown strong growth for the last four quarters. Work done in the Northern Territory has recorded growth for the last three quarters, following a period of slow decline, while the Australian Capital Territory has declined for the last four quarters.

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