VALUE OF WORK COMMENCED VOLUME TERMS
TREND AND SEASONALLY ADJUSTED ESTIMATES
 | Sep qtr 11 | Jun qtr 11 to Sep qtr 11 | Sep qtr 10 to Sep qtr 11 |
| $m | % change | % change |
Trend(a) |
|
| Value of work commenced | 17 959.9 | -2.3 | -9.3 |
| New residential building | 9 225.8 | -4.4 | -13.4 |
| Alterations and additions to residential building | 1 730.0 | -1.1 | -2.7 |
| Non-residential building | 6 976.8 | -0.1 | -5.6 |
Seasonally Adjusted(a) |
|
| Value of work commenced | 17 301.5 | -9.1 | -13.4 |
| New residential building | 9 040.3 | -6.7 | -12.6 |
| Alterations and additions to residential building | 1 711.2 | -3.9 | -3.0 |
| Non-residential building | 6 549.9 | -13.3 | -16.7 |
|
| (a) Reference year for chain volume measures is 2009-10. Refer to paragraphs 31-35 of the Explanatory Notes. |
TREND
- The trend estimate of the total value of building work commenced fell 2.3% in the September quarter 2011, and has now fallen for six quarters.
- The value of new residential building commenced fell 4.4% and has now fallen for five quarters. The value of new house commencements fell 3.2% and new other residential commencements fell 5.9%. The value of commencements for alterations and additions to residential buildings fell 1.1%.
- The value of non-residential building commenced fell 0.1%.
Value of Work Commenced in Volume Terms, Trend
SEASONALLY ADJUSTED
- In seasonally adjusted terms, the estimate of the total value of building work commenced in the September quarter fell 9.1% to $17,301.5m following a rise of 1.4% in June 2011.
- Commencements of new residential buildings fell 6.7% to $9,040.3m. New house commencements fell 5.3%, to $5,936.7m, and new other residential building fell 9.3% to $3,103.6m. Alterations and additions fell 3.9% to $1,711.2m. Non-residential work commenced fell 13.3%, to $6,549.9m.
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