RESIDENTIAL SECTOR
From 2002-03 to 2003-04, strong growth continued in the residential building sector in Tasmania and its regions. During the same period, the property sector recorded a decrease in the number of residential sales.
The number of new house building approvals increased by 29.6% in the Greater Hobart-Southern Region, 32.4% in the Northern Region and 69.1% in the Mersey-Lyell Region. The value of new house building approvals increased by 46.3% in the Greater Hobart-Southern Region, 51.3% in the Northern Region, and 99.2% in the Mersey-Lyell Region.
Property sales data shows a different trend, with the number of residential property sales decreasing by 18.3% in the Greater Hobart-Southern Region, 16.8% in the Northern Region, and 17.6% in the Mersey-Lyell Region.
NON-RESIDENTIAL SECTOR
From 2002-03 to 2003-04, the non-residential building and property sector experienced mixed outcomes. Over this period, the value of non-residential building approvals increased by 7.0% in the Greater Hobart-Southern Region, 17.2% in the Northern Region and decreased by 35.8% in the Mersey-Lyell Region.
From 2002-03 to 2003-04, the number of non-residential property sales increased by 5.0% in the Greater Hobart-Southern Region, 2.3% in the Northern Region and 30.8% in the Mersey-Lyell Region.
HOUSING AND CONSTRUCTION, Regional overview - change 2002-03 to 2003-04
|
| Greater Hobart-Southern Region | Northern Region | Mersey-Lyell Region | Tasmania |
|
| % | % | % | % |
|
Dwelling approvals - number | | | | |
| New houses | 29.6 | 32.4 | 69.1 | 36.8 |
| New other residential building | 243.1 | -4.1 | 955.6 | 136.0 |
| Total dwellings | 43.2 | 27.7 | 90.8 | 46.4 |
|
Buildings approvals - value | | | | |
| New houses | 46.3 | 51.3 | 99.2 | 56.3 |
| Non-residential building | 7.0 | 17.2 | -35.8 | -7.2 |
| Total building | 44.3 | 37.0 | 35.9 | 40.8 |
|
Property sales - number | | | | |
| Residential | -18.3 | -16.8 | -17.6 | -17.7 |
| Other | 5.0 | 2.3 | 30.8 | 9.4 |
| Total | -12.5 | -12.4 | -7.5 | -11.4 |
|
Source: ABS data available on request, Building Approvals collection; Information and Land Services Division, Department of Primary Industries, Water and Environment. |