1301.0 - Year Book Australia, 2002
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/01/2002
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Table 20.14 shows that total approvals for new residential building were valued at $18,191m in 2000, falling from $20,008m (9%) in 1999. This pattern was reversed for the value of work done, which increased by 15% in 2000. This reflects the impact of the lead time between approvals and activity in the period prior to the introduction of the GST.
20.14 VALUE OF RESIDENTIAL BUILDING - 1999 and 2000