Building and construction

In the December quarter:

• Seasonally adjusted work done rose 2.0%.
• Seasonally adjusted work done for the private sector fell 0.2%.
• Value of work commenced fell 29.9% in original terms.
• Trend work done rose 2.8%

The January 2023 seasonally adjusted estimate: 

• Total dwellings approved fell 27.6%.
• Private sector houses approved fell 13.8%, while private sector dwellings excluding houses fell 40.8%.
• The value of total building fell 18.6%.
• The value of non-residential building fell 25.6%.

In seasonally adjusted terms in the December quarter:

• Total construction work done fell 0.4% to $55,272.0m
• Building work done fell 1.6% to $30,578.6m
• Engineering work done rose 1.0% to $24,693.5m

The trend estimate for total construction work done rose 0.9% in December.

In seasonally adjusted terms:

• Total dwelling commencements fell 5.2% to 45,489 dwellings.
• New private sector house commencements fell 4.9% to 28,895 dwellings.
• New private sector other residential commencements fell 5.2% to 15,618 dwellings.
• The value of building work done rose 1.5% to $30.6b.

• Australia’s dwelling stock was 10,879,349 dwellings at 30 June 2022.

• The net quarterly growth was 38,535 dwellings (0.4%), comprising 45,522 dwelling additions and 6,987 dwelling removals.

• The net quarterly growth of houses, townhouses and apartments was 23,456 (0.3%), 6,713 (0.5%) and 8,361 (0.5%) respectively. 

• 80.6% of in-scope land parcels were zoned residential, with 600 - 800 square metres the most common size
• 59.5% of new dwellings in-scope were approved for land zoned residential, with 200 - 400 square metres the most common area per dwelling

Provides final estimates of value of construction work done, in chain volume measures