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MARCH KEY FIGURES

	Mar qtr 06	Dec qtr 05 to Mar qtr 06	Mar qtr 05 to Mar qtr 06
	$m	% change	% change
TREND ESTIMATES(a)
Value of Work Done	13 163.7	-2.4	-2.5
New residential building	6 942.9	-4.0	-8.2
Alterations and additions to residential building	1 298.6	-3.9	-6.1
Non-residential building	4 906.4	0.1	7.6
SEASONALLY ADJUSTED ESTIMATES(a)
Value of Work Done	13 154.8	-1.5	0.2
New residential building	6 954.3	-2.6	-5.6
Alterations and additions to residential building	1 258.7	-8.5	-6.5
Non-residential building	4 941.9	2.1	12.0
(a) Chain volume measures, reference year 2003-04.

Value of work done, Volume terms

Value of work done, Volume terms - Trend estimates

MARCH KEY POINTS


VALUE OF WORK DONE, VOLUME TERMS

TREND ESTIMATES

• The trend estimate of the value of total building work done fell 2.4% in the March quarter 2006.
• The value of new residential building work fell 4.0% in the latest quarter. New houses fell 2.9%, and new other residential buildings fell 6.3%. Alterations and additions fell 3.9% while non-residential work done in the quarter rose 0.1%.

• The seasonally adjusted March quarter estimate of work done is down 1.5%, to $13,154.8m, on the revised December quarter estimate.
• New residential work fell 2.6%, to $6,954.3m. Work on new houses fell 1.6%, to $4,754.7m, while new other residential building work fell 4.7%, to $2,199.5m. Alterations and additions fell 8.5%, to $1,258.7m. Non-residential work done in the quarter rose 2.1%, to $4,941.9m.

CHANGES IN THIS ISSUE

The estimates for the Northern Territory are now based on a sample rather than a complete census of all building jobs. As a result these estimates are subject to sample error. Tables 38 and 39 provide estimates of relative standard errors.

SIGNIFICANT REVISIONS THIS ISSUE

There are no significant revisions in this issue.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Tamra Guiver on Adelaide (08) 8237 7655.

VALUE OF WORK DONE VOLUME TERMS MARCH QTR 2006


SUMMARY COMMENTS

• In the March quarter 2006, the seasonally adjusted estimate of total building work done fell in half of the states and territories with Victoria (-8.0%) and the Northern Territory (-6.9%) recording the largest falls. These falls offset rises in New South Wales (+0.2%), South Australia (+6.5%), Tasmania (+14.3%) and the Australian Capital Territory (+15.9%).
• In original terms, all states and territories fell, with the exception of the Australian Capital Territory (+16.3%).

		NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Aust.
Original(a)
Value of work done
	New residential building ($m)	1 640.6	1 694.9	1 650.6	401.3	873.1	98.8	58.7	113.5	6 531.5
	Alterations and additions to residential building ($m)	393.9	323.5	212.9	79.6	79.4	21.7	8.8	19.9	1 139.6
	Non-residential building ($m)	1 494.7	1 173.8	884.7	290.1	355.2	73.0	42.0	201.5	4 515.0
	Total building ($m)	3 529.2	3 192.2	2 748.2	770.9	1 307.7	193.5	109.5	334.9	12 186.1
Percentage change
	New residential building (%)	-6.3	-17.1	-16.6	-1.8	-1.7	1.9	-19.7	3.8	-11.2
	Alterations and additions to residential building (%)	-25.4	-23.2	-21.5	-2.6	-10.3	-15.9	-37.8	-22.8	-21.8
	Non-residential building (%)	-5.5	-18.0	-15.4	-1.9	-13.8	-2.8	-29.3	31.9	-10.7
	Total building (%)	-8.6	-18.1	-16.7	-1.9	-5.8	-2.2	-25.3	16.3	-12.1
Seasonally Adjusted(a)
Value of work done
	New residential building ($m)	1 738.0	1 805.7	1 799.8	418.0	880.2	103.3	68.8	122.4	6 954.3
	Alterations and additions to residential building ($m)	434.3	354.2	251.7	84.9	79.9	24.1	-	23.7	1 258.7
	Non-residential building ($m)	1 564.2	1 326.4	999.5	309.0	373.8	87.5	-	192.4	4 941.9
	Total building ($m)	3 736.5	3 486.3	3 051.0	811.9	1 333.9	214.9	123.0	338.6	13 154.8
Percentage change
	New residential building (%)	1.6	-10.5	-4.1	5.6	0.1	13.7	8.0	7.6	-2.6
	Alterations and additions to residential building (%)	-9.9	-14.4	1.9	6.1	-9.6	0.2	-	-2.6	-8.5
	Non-residential building (%)	2.0	-2.3	2.3	7.9	-4.7	19.6	-	24.9	2.1
	Total building (%)	0.2	-8.0	-1.6	6.5	-1.9	14.3	-6.9	15.9	-1.5
- nil or rounded to zero (including null cells)
(a) Chain volume measures, reference year 2003-04.

VALUE OF WORK DONE VOLUME TERMS


TREND ESTIMATES


NEW SOUTH WALES, VICTORIA

QUEENSLAND, WESTERN AUSTRALIA

SOUTH AUSTRALIA, TASMANIA

NORTHERN TERRITORY, AUSTRALIAN CAPITAL TERRITORY

VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

	Mar qtr 06	Dec qtr 05 to Mar qtr 06	Mar qtr 05 to Mar qtr 06
	$m	% change	% change
Trend(a)
Value of work commenced	13 166.7	-2.5	-0.2
New residential building	7 067.1	-0.9	-1.8
Alterations and additions to residential building	1 385.5	2.5	5.1
Non-residential building	4 746.0	-5.4	1.5
Seasonally Adjusted(a)
Value of work commenced	13 125.0	-0.9	2.2
New residential building	7 392.5	10.0	8.1
Alterations and additions to residential building	1 413.7	4.6	7.0
Non-residential building	4 318.9	-16.4	-7.8
(a) Chain volume measures, reference year 2003-04.

TREND

• The March quarter 2006 trend estimate of the total value of building work commenced fell 2.5% from the December quarter estimate.
• The value of new residential building commenced fell 0.9% in the March quarter 2006. New house commencements fell 1.4% while new other residential commencements rose 0.4%. The value of commencements for alterations and additions to residential buildings rose 2.5%. The value of non-residential building fell by 5.4%.

Value of Work Commenced in Volume Terms, Trend

• In seasonally adjusted terms, the total value of building work commenced fell 0.9% in the March quarter 2006, to $13,125.0m.
• Commencements of new residential buildings rose 10.0%, to $7,392.5m. New house commencements rose 3.1%, to $4,945.6m, while new other residential building rose 27.1%, to $2,446.9m. Alterations and additions rose 4.6%, to $1,413.7m. Non-residential work commenced fell 16.4%, to $4,318.9m.