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1308.8 - In fACT - Statistical Information on the ACT and Region, Nov 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/11/2009   
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FEATURE ARTICLE: VALUE OF NEW BUILDINGS IN THE ACR


INTRODUCTION

This article looks at the value of building approvals in the Australian Capital Region (ACR) and follows on from Dwellings in the ACR. The details are derived by aggregating the estimated "value of building work when completed" as reported on building approval documents provided to local councils or other building approval authorities.

The value of building approvals in the ACR for the three financial years to 2008-09 amounted to $7,008.5m (original data), which was 3% of the value of new building approvals in Australia over the same period, refer to Explanatory Notes paragraph 6, Building Approvals, Australia (cat. no. 8731.0). Of this, $4,324m (62%) was for non-residential building approvals such as offices, retail trade buildings, educational facilities, etc. ($3,744m in the ACT and $581m in the selected NSW LGAs), and $2,684m (38%) was for residential building approvals such as houses, flats, units, apartments, etc. ($1,806m in the ACT and $878m in the selected NSW LGAs). Overall, $5,550m (or 79%) was for new building approvals in the ACT and $1,459m (or 21%) was for new building approvals in the selected NSW LGAs.

For a comprehensive explanation of building types please refer to the Building Approvals, Australia (cat. no. 8731.0) Glossary.


VALUE OF BUILDING APPROVALS-NON-RESIDENTIAL

The value of non-residential building approvals in the ACR for each of the recent financial years were:

  • $1,391m in 2006-07 - $1,043m in the ACT and $348m in the selected NSW LGAs;
  • $1,034m in 2007-08 - $951m in the ACT and $82m in the selected NSW LGAs; and
  • $1,900m in 2008-09 - $1,750m in the ACT and $150m in the selected NSW LGAs.

For the ACT, the majority of the approvals for non-residential building over the three financial years was in the two central districts of North Canberra (61% or $2,287m) and South Canberra (21% or $772m). The value of non-residential building approvals in other ACT districts for the three financial years were Woden Valley ($237m or 6%), Belconnen ($181m or 5%), Gungahlin-Hall ($140m or 4%), Tuggeranong ($91m or 2%) and Weston Creek-Stromlo ($37m or 1%).

The majority of the North Canberra district non-residential building approvals were in the following suburbs:
  • City (overall $718m) - $144m in 2006-07, $239m in 2007-08 and $334m in 2008-09;
  • Russell (overall $618m) - $12m in 2007-08 and $606m in 2008-09;
  • Majura (overall $387m) - $200m in 2006-07, $96m in 2007-08 and $90m in 2008-09; and
  • Acton (overall $357m) - $110m in 2006-07, $10m in 2007-08 and $237m in 2008-09.

The majority of the South Canberra district non-residential building approvals were in the following suburbs:
  • Hume (overall $151m) - $135m in 2006-07, $11m in 2007-08 and $5m in 2008-09;
  • Barton (overall $147m) - $3m in 2006-07, $59m in 2007-08 and $85m in 2008-09;
  • Parkes (overall $147m) - $86m in 2006-07, $57m in 2007-08 and $4m in 2008-09;
  • Fyshwick (overall $140m) - $102m in 2006-07, $14m in 2007-08 and $25m in 2008-09; and
  • Deakin (overall $103m) - $49m in 2006-07, $13m in 2007-08 and $41m in 2008-09.

For the selected NSW LGAs, while the level of non-residential building approvals over the three financial years were significantly less than that for the ACT, they were spread more widely over LGAs. The selected NSW LGAs with the higher level of non-residential building approvals were Palerang ($181m or 31% of selected NSW LGAs), Queanbeyan ($87m or 15%), Tumut ($68m or 12%), Eurobodalla ($50m or 9%), Goulburn Mulwaree ($41m or 7%), Yass Valley ($30m or 5%), Snowy River ($27m or 5%), Bega Valley ($26m or 4%) and Young ($25m or 4%).


VALUE OF BUILDING APPROVALS-RESIDENTIAL

Consistent with the number of new dwellings in the ACR the value of new residential building approvals remained reasonably stable over the three financial years ($914m in 2006-07, $865m in 2007-08 and $905m in 2008-09). However, there has been a decline in the selected NSW LGAs ($349m in 2006-07, $299m in 2007-08 and $229m in 2008-09) which was mostly offset by an increase in the ACT ($564m in 2006-07, $565m in 2007-08 and $676m in 2008-09).

For the ACT, the value of new residential building approvals for the three financial years was mainly in the districts of Gungahlin-Hall ($514m or 29% of ACT new residential building approvals), Belconnen ($445m or 25%), North Canberra ($281m or 16%) and South Canberra ($231m or 13%). The value of residential building approvals in other ACT districts for the three financial years was Tuggeranong ($152m or 8%), Woden Valley ($127m or 7%) and Weston Creek-Stromlo ($51m or 3%).

The selected NSW LGAs with the higher level of residential building approvals for the three financial years were Eurobodalla ($149m or 17% of selected NSW LGAs new residential building approvals), Queanbeyan ($146m or 17%), Bega Valley ($111m or 13%), Palerang ($81m or 9%), Goulburn Mulwaree ($71m or 8%), Yass Valley ($69m or 8%) and Tumut Shire ($59m or 7%).

Value of building approvals(a) - 2006-07

Houses(b)
Other residential building(c)
Alteration & addition to residential building(d)
Total residential building
Total non-residential building
Total building
$m
$m
$m
$m
$m
$m

ACT SSDs
North Canberra
32.5
42.7
9.9
85.0
509.7
594.7
Belconnen
50.7
61.6
17.7
130.0
23.3
153.3
Woden Valley
16.1
1.6
9.4
27.1
45.7
72.7
Weston Creek-Stromlo
10.3
2.3
5.1
17.7
5.5
23.2
South Canberra
14.7
64.8
9.7
89.3
394.0
483.2
Gungahlin-Hall
163.9
5.5
3.6
173.0
37.8
210.9
Tuggeranong(e)
21.9
4.3
16.2
42.3
26.6
68.9
Total ACT SSDs
310.1
182.8
71.5
564.4
1 042.6
1 607.0
Selected NSW LGAs
Palerang (A) - Pt A
32.0
2.5
3.6
38.1
179.4
217.5
Palerang (A) - Pt B
6.5
0.1
1.0
7.6
0.7
8.4
Queanbeyan (C)
23.2
39.7
6.2
69.1
65.1
134.2
Boorowa (A)
3.3
-
0.4
3.7
0.1
3.8
Goulburn Mulwaree (A) - Goulburn
12.6
-
3.3
15.9
20.8
36.7
Goulburn Mulwaree (A) Bal
5.4
-
1.1
6.5
2.7
9.2
Harden (A)
1.9
0.2
0.5
2.6
5.2
7.7
Upper Lachlan (A)
6.8
-
0.8
7.6
0.3
7.9
Yass Valley (A)
18.8
0.3
1.4
20.5
17.8
38.3
Young (A)
7.5
0.6
1.8
9.9
2.3
12.2
Bega Valley (A)
28.0
9.2
7.1
44.3
9.0
53.4
Eurobodalla (A)
43.7
12.6
13.5
69.8
9.0
78.7
Bombala (A)
0.3
-
0.6
0.9
9.3
10.2
Cooma-Monaro (A)
3.5
-
2.0
5.5
1.8
7.3
Snowy River (A)
7.6
5.3
1.6
14.4
8.6
23.0
Cootamundra (A)
2.8
6.5
1.4
10.7
1.1
11.8
Gundagai (A)
3.3
-
0.7
4.1
0.4
4.5
Tumut Shire (A)
7.8
5.5
2.8
16.1
14.0
30.1
Tumbarumba (A)
1.9
-
0.4
2.3
0.3
2.6
Total selected NSW LGAs
216.8
82.4
50.3
349.5
348.0
697.5
Australian Capital Region
526.8
265.2
121.8
913.9
1 390.6
2 304.5

- nil or rounded to zero (including null cells)
(a) Derived by aggregating the estimated 'value of building work when completed' as reported on building approval documents provided to local councils or other building approval authorities. Excluded is construction activity not defined as building (e.g. roads, bridges, railways, earthworks, etc.).
(b) Relates to detached dwelling units.
(c) Relates to building containing more than one dwelling unit such as semi-detached townhouses, apartments, units, etc.
(d) Relates to the approval of building activity carried out on existing buildings which may result in the creation of dwelling units.
(e) Includes details for Remainder of ACT.
Source: Building Approvals, Australia (cat. no. 8731.0).

Value of building approvals(a) - 2007-08

Houses(b)
Other residential building(c)
Alteration & addition to residential building(d)
Total residential building
Total non-residential building
Total building
$m
$m
$m
$m
$m
$m

ACT SSDs
North Canberra
16.2
40.5
14.0
70.7
396.8
467.5
Belconnen
49.1
58.8
17.9
125.8
91.1
216.9
Woden Valley
27.6
7.6
12.0
47.2
129.1
176.3
Weston Creek-Stromlo
9.2
0.8
6.5
16.5
26.0
42.5
South Canberra
27.5
27.8
10.0
65.2
191.7
256.9
Gungahlin-Hall
165.2
1.4
6.0
172.6
74.6
247.2
Tuggeranong(e)
21.6
26.9
18.8
67.3
42.3
109.6
Total ACT SSDs
316.3
163.9
85.2
565.4
951.4
1 516.9
Selected NSW LGAs
Palerang (A) - Pt A
11.8
1.2
3.3
16.3
0.2
16.5
Palerang (A) - Pt B
5.3
0.3
0.7
6.3
-
6.3
Queanbeyan (C)
20.0
13.0
7.1
40.1
9.4
49.6
Boorowa (A)
4.4
-
0.4
4.7
0.2
4.9
Goulburn Mulwaree (A) - Goulburn
13.3
0.3
2.8
16.4
6.4
22.8
Goulburn Mulwaree (A) Bal
7.2
-
1.4
8.6
0.8
9.4
Harden (A)
1.2
-
0.3
1.5
1.6
3.1
Upper Lachlan Shire (A)
9.0
-
1.7
10.7
0.4
11.2
Yass Valley (A)
20.6
0.6
1.3
22.5
2.1
24.6
Young (A)
9.8
4.3
1.4
15.4
18.0
33.4
Bega Valley (A)
20.7
4.4
6.0
31.1
4.0
35.1
Eurobodalla (A)
36.8
3.3
9.2
49.4
17.5
66.9
Bombala (A)
0.5
-
0.9
1.4
1.1
2.5
Cooma-Monaro (A)
6.9
-
2.2
9.2
1.4
10.6
Snowy River (A)
6.4
4.9
2.3
13.6
6.0
19.5
Cootamundra (A)
5.3
2.8
1.8
9.8
7.3
17.2
Gundagai (A)
4.5
-
0.8
5.3
0.5
5.8
Tumut Shire (A)
11.2
19.0
1.9
32.1
5.0
37.2
Tumbarumba (A)
2.9
1.5
0.5
4.9
0.2
5.1
Total selected NSW LGAs
197.9
55.6
45.8
299.3
82.2
381.6
Australian Capital Region
514.3
219.5
131.0
864.7
1 033.7
1 898.4

- nil or rounded to zero (including null cells)
(a) Derived by aggregating the estimated 'value of building work when completed' as reported on building approval documents provided to local councils or other building approval authorities. Excluded is construction activity not defined as building (e.g. roads, bridges, railways, earthworks, etc.).
(b) Relates to detached dwelling units.
(c) Relates to building containing more than one dwelling unit such as semi-detached townhouses, apartments, units, etc.
(d) Relates to the approval of building activity carried out on existing buildings, which may result in the creation of dwelling units.
(e) Includes details for Remainder of ACT.
Source: Building Approvals, Australia (cat. no. 8731.0).

Value of building approvals(a) - 2008-09

Houses(b)
Other residential building(c)
Alteration & addition to residential building(d)
Total residential building
Total non-residential building
Total building
$m
$m
$m
$m
$m
$m

ACT SSDs
North Canberra
15.1
98.5
11.7
125.3
1 380.2
1 505.4
Belconnen
87.8
88.5
12.9
189.2
66.4
255.6
Woden Valley
19.6
23.9
9.1
52.6
61.9
114.5
Weston Creek-Stromlo
6.6
4.5
5.3
16.3
5.4
21.8
South Canberra
20.3
47.9
8.6
76.7
186.3
263.0
Gungahlin-Hall
159.4
6.2
3.0
168.6
27.2
195.8
Tuggeranong(e)
19.6
16.3
11.5
47.4
22.5
69.9
Total ACT SSDs
328.2
285.8
62.1
676.1
1 749.9
2 426.0
Selected NSW LGAs
Palerang (A) - Pt A
6.4
0.3
1.5
8.2
-
8.2
Palerang (A) - Pt B
3.3
-
0.9
4.2
0.7
4.9
Queanbeyan (C)
11.6
19.7
5.5
36.8
12.0
48.8
Boorowa (A)
1.5
0.5
1.0
3.0
0.1
3.1
Goulburn Mulwaree (A) - Goulburn
9.8
0.8
3.2
13.8
7.4
21.2
Goulburn Mulwaree (A) Bal
7.8
-
1.5
9.4
3.1
12.4
Harden (A)
0.2
-
0.2
0.3
0.1
0.4
Upper Lachlan Shire (A)
4.2
-
1.1
5.3
0.2
5.5
Yass Valley (A)
24.2
-
1.7
25.9
10.3
36.2
Young (A)
10.1
0.3
1.7
12.2
4.7
16.8
Bega Valley (A)
27.6
1.7
6.1
35.4
12.6
48.0
Eurobodalla (A)
22.2
2.2
5.0
29.4
23.7
53.2
Bombala (A)
0.3
-
0.6
0.9
2.6
3.5
Cooma-Monaro (A)
8.4
0.8
2.2
11.4
9.0
20.4
Snowy River (A)
5.4
1.4
2.7
9.5
12.0
21.5
Cootamundra (A)
3.4
-
1.1
4.5
1.5
6.0
Gundagai (A)
5.0
0.6
0.7
6.3
0.5
6.8
Tumut Shire (A)
9.0
0.3
1.9
11.2
48.7
59.9
Tumbarumba (A)
1.6
-
0.1
1.7
1.3
3.0
Total selected NSW LGAs
162.2
28.5
38.7
229.3
150.3
379.6
Australian Capital Region
490.4
314.3
100.7
905.3
1 900.2
2 805.5

- nil or rounded to zero (including null cells)
(a) Derived by aggregating the estimated 'value of building work when completed' as reported on building approval documents provided to local councils or other building approval authorities. Excluded is construction activity not defined as building (e.g. roads, bridges, railways, earthworks, etc.).
(b) Relates to detached dwelling units.
(c) Relates to building containing more than one dwelling unit such as semi-detached townhouses, apartments, units, etc.
(d) Relates to the approval of building activity carried out on existing buildings, which may result in the creation of dwelling units.
(e) Includes details for Remainder of ACT.
Source: Building Approvals, Australia (cat. 8731.0).



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