VALUE OF WORK COMMENCED VOLUME TERMS
TREND AND SEASONALLY ADJUSTED ESTIMATES
| Sep qtr 06 | Jun qtr 06 to Sep qtr 06 | Sep qtr 05 to Sep qtr 06 | |
| $m | % change | % change | |
Trend(a) | |
| |
Value of work commenced | 15 814.7 | 4.0 | 8.2 | |
New residential building | 7 901.3 | 1.4 | 2.8 | |
Alterations and additions to residential building | 1 548.6 | 3.4 | 11.6 | |
Non-residential building | 6 297.0 | 6.5 | 13.7 | |
Seasonally Adjusted(a) | |
| |
Value of work commenced | 15 575.9 | -2.2 | 3.0 | |
New residential building | 7 733.4 | -1.7 | -1.8 | |
Alterations and additions to residential building | 1 590.8 | 8.9 | 16.6 | |
Non-residential building | 6 251.7 | -5.3 | 6.3 | |
| |
(a) Chain volume measures, reference year 2004-05. |
TREND
- The September quarter 2006 trend estimate of the total value of building work commenced rose 4.0% from the June quarter estimate.
- The value of new residential building commenced rose 1.4% in the September quarter 2006. New house commencements rose 3.2% while new other residential commencements fell 2.8%. The value of commencements for alterations and additions to residential buildings rose 3.4%. The value of non-residential building rose by 6.5%.
Value of Work Commenced in Volume Terms, Trend
SEASONALLY ADJUSTED
- In seasonally adjusted terms, the total value of building work commenced fell 2.2% in the September quarter 2006, to $15,575.9m.
- Commencements of new residential buildings fell 1.7%, to $7,733.4m. New house commencements rose 1.6%, to $5,553.1m, while new other residential building fell 9.1%, to $2,180.4m. Alterations and additions rose 8.9%, to $1,590.8m. Non-residential work commenced fell 5.3%, to $6,251.7m.