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VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

	Sep qtr 10	Jun qtr 10 to Sep qtr 10	Sep qtr 09 to Sep qtr 10
	$m	% change	% change
Trend(a)
Value of work commenced	20 127.2	-5.5	2.5
New residential building	10 758.1	-0.9	26.4
Alterations and additions to residential building	1 668.8	-2.2	4.2
Non-residential building	7 890.5	-9.6	-17.1
Seasonally Adjusted(a)
Value of work commenced	19 724.9	-9.9	-2.1
New residential building	10 108.2	-12.0	20.7
Alterations and additions to residential building	1 651.0	-4.7	6.7
Non-residential building	7 965.8	-8.2	-22.2
(a) Reference year for chain volume measures is 2008-09. Refer to paragraphs 31-35 of the Explanatory Notes.

• The trend estimates of the total and non-residential value of building commenced should be interpreted with caution. See data notes on page 2 of this publication.
• The trend estimate of the total value of building work commenced fell 5.5% in the September quarter 2010 to $20,127.2m following a fall of 4.6% in the June quarter.
• The value of new residential building commenced fell 0.9% following rises in the previous four quarters. The value of new house commencements fell 2.5% and new other residential commencements rose 1.1%. The value of commencements for alterations and additions to residential buildings fell 2.2%. The value of non-residential building commenced fell 9.6% to $7,890.5m.

Value of Work Commenced in Volume Terms, Trend

• In seasonally adjusted terms, the estimate of the total value of building work commenced in the September quarter fell 9.9% following a rise of 3.1% in June 2010.
• Commencements of new residential buildings fell 12.0% to $10,108.2m. New house commencements fell 1.9%, to $6,875.6m, and new other residential building fell 27.7% to $3,232.6m following a rise of 35.6% in June. Alterations and additions fell 4.7% to $1,651.0m. Non-residential work commenced fell 8.2%, to $7,965.8m.