The total value of non-residential building work approved in 2001 ($13.3b) increased by 8% over the value approved in 2000 (table 20.13). The value of non-residential building work done in 2001 fell 6% (to $12.6b) from the total work done in 2000.
The value of non-residential building work approved in 2001 was 5% higher than the value of work done (reversing the outcome in 2000, when approvals exceeded work done by 10%). A pattern of the value of approvals exceeding the value of work done has, in the past, indicated a period of accelerating activity in this sector, with more new work coming on stream.
In 2001, shops and offices together accounted for about 37% of the value of non-residential building approved and of work done. This was similar to their share of approvals and work done in 2000.
20.13 VALUE OF NON-RESIDENTIAL BUILDING(a)
|
 | Approved | Work done |
|
|
|
| 2000 | 2001 | 2000 | 2001 |
| $m | $m | $m | $m |
|
| Hotels, etc. | 528 | 586 | 839 | 405 |
| Shops | 2,237 | 2,233 | 2,379 | 2,366 |
| Factories | 915 | 807 | 945 | 790 |
| Offices | 2,278 | 2,646 | 2,492 | 2,337 |
| Other business premises | 1,819 | 1,840 | 1,868 | 1,558 |
| Educational | 1,768 | 1,884 | 1,688 | 1,957 |
| Religious | 102 | 112 | 137 | 109 |
| Health | 1,084 | 1,490 | 1,341 | 1,351 |
| Entertainment and recreational | 770 | 931 | 1,016 | 886 |
| Miscellaneous | 731 | 724 | 783 | 856 |
| Total | 12,231 | 13,251 | 13,487 | 12,615 |
|
| (a) Valued at $50,000 or more. |
Source: Building Activity, Australia (8752.0); Building Approvals, Australia (8731.0). |
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