VALUE OF WORK COMMENCED VOLUME TERMS
TREND AND SEASONALLY ADJUSTED ESTIMATES
 | Dec qtr 08 | Sep qtr 08 to Dec qtr 08 | Dec qtr 07 to Dec qtr 08 |
| $m | % change | % change |
Trend(a) |
|
| Value of work commenced | 15 979.3 | -10.5 | -16.9 |
| New residential building | 7 906.3 | -9.7 | -16.2 |
| Alterations and additions to residential building | 1 451.0 | -2.5 | -11.8 |
| Non-residential building | 6 747.8 | -11.3 | -17.1 |
Seasonally Adjusted(a) |
|
| Value of work commenced | 14 772.7 | -19.9 | -24.8 |
| New residential building | 7 526.4 | -15.5 | -20.8 |
| Alterations and additions to residential building | 1 432.8 | -4.7 | -17.5 |
| Non-residential building | 5 813.5 | -27.6 | -30.8 |
|
| (a) Chain volume measures, reference year 2006-07. |
TREND
- The trend estimate of the total value of building work commenced fell 10.5% in the December quarter 2008.
- The value of new residential building commenced fell 9.7%. New house commencements fell 6.5% and new other residential commencements fell 14.5%. The value of commencements for alterations and additions to residential buildings fell 2.5%. The value of non-residential building fell by 11.3%.
Value of Work Commenced in Volume Terms, Trend
SEASONALLY ADJUSTED
- In seasonally adjusted terms, the estimate of the total value of building work commenced in the December quarter fell 19.9% following a fall of 7.2% in September.
- Commencements of new residential buildings fell 15.5%, to $7,526.4m. New house commencements fell 4.8%, to $5,496.5m, while new other residential building fell 35.3%, to $2,029.9m. Alterations and additions fell 4.7%, to $1,432.8m. Non-residential work commenced fell 27.6%, to $5,813.5m.
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