1301.0 - Year Book Australia, 2003
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003
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Total approvals for new residential building were valued at $20,840m in 2001, increasing by 9% from the value of approvals in 2000 ($18,202m, see table 20.11). This pattern was reversed for the value of work done, which decreased by 10% in 2001. This reflects the impact of the lead time between approvals and activity in the period after the introduction of The New Tax System, as shown in graphs 20.8 and 20.10.