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VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

	Dec qtr 09	Sep qtr 09 to Dec qtr 09	Dec qtr 08 to Dec qtr 09
	$m	% change	% change
Trend(a)
Value of work commenced	21 647.5	15.4	26.7
New residential building	8 807.5	8.1	6.7
Alterations and additions to residential building	1 606.0	4.9	6.2
Non-residential building	10 873.4	19.6	48.8
Seasonally Adjusted(a)
Value of work commenced	22 584.4	16.5	33.8
New residential building	9 204.7	15.2	16.8
Alterations and additions to residential building	1 689.8	14.4	16.1
Non-residential building	11 689.9	17.8	54.9
(a) Reference year 2007-08.

• The trend estimates of the total and non-residential value of building commenced have not been adjusted for BER and should be used with caution.
• The trend estimate of the total value of building work commenced rose 15.4% in the December quarter 2009 and is 26.7% higher than December 2008.
• The value of new residential building commenced rose 8.1%. The value of new house commencements rose 8.5% and new other residential commencements rose 6.4%. The value of commencements for alterations and additions to residential buildings rose 4.9%. The value of non-residential building commenced rose by 19.6%.

Value of Work Commenced, Trend(a)

• In seasonally adjusted terms, the estimate of the total value of building work commenced in the December quarter rose 16.5% following a rise of 33.3% in September.
• Commencements of new residential buildings rose 15.2% to $9,204.7m. New house commencements rose 14.8%, to $6,784.8m, and new other residential building rose 16.4% to $2,419.9m. Alterations and additions rose 14.4% to $1,689.8m. Non-residential work commenced rose 17.8%, to $11,689.9m.