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VALUE OF WORK DONE, CHAIN VOLUME MEASURES

MARCH KEY FIGURES

	Mar qtr 15	Dec qtr 14 to Mar qtr 15	Mar qtr 14 to Mar qtr 15
	$m	% change	% change
TREND ESTIMATES(a)
Value of work done	23 367.8	2.0	6.6
New residential building	12 789.0	3.6	13.2
Alterations and additions to residential building	1 794.1	0.8	0.3
Non-residential building	8 784.4	-	-0.4
SEASONALLY ADJUSTED ESTIMATES(a)
Value of work done	23 619.7	3.7	7.4
New residential building	12 973.7	5.5	13.6
Alterations and additions to residential building	1 813.6	2.7	0.9
Non-residential building	8 832.4	1.3	0.7
- nil or rounded to zero (including null cells)
(a) Reference year for chain volume measures is 2012-13.

Value of work done, Chain volume measures

Value of work done, Chain volume measures - Trend estimates

• The trend estimate of the value of total building work done rose 2.0% in the March 2015 quarter.
• The seasonally adjusted estimate of the value of total building work done rose 3.7% to $23,619.7m in the March quarter, following a rise of 1.9% in the December 2014 quarter.

• The trend estimate of the value of new residential building work done rose 3.6% in the March quarter. The value of work done on new houses rose 3.9% while new other residential building rose 3.1%.
• The seasonally adjusted estimate of the value of new residential building work done rose 5.5% to $12,973.7m. Work done on new houses rose 7.3% to $7,752.1m, while new other residential building rose 3.0% to $5,221.6m.

• The trend estimate of the value of non-residential building work done was flat in the March quarter.
• The seasonally adjusted estimate of the value of non-residential building work done in the quarter rose 1.3%, following a fall of 1.1% in the December 2014 quarter.

	Mar qtr 15	Dec qtr 14 to Mar qtr 15	Mar qtr 14 to Mar qtr 15
	no.	% change	% change
TREND ESTIMATES
Total dwelling units commenced	53 254	2.4	13.0
New private sector houses	28 426	0.7	7.3
New private sector other residential building	23 691	4.4	21.5
SEASONALLY ADJUSTED ESTIMATES
Total dwelling units commenced	53 901	8.6	10.8
New private sector houses	28 349	0.2	3.5
New private sector other residential building	24 311	19.7	20.4

Dwelling units commenced

Private dwellings commenced, Trend estimates

• The trend estimate for the total number of dwelling units commenced rose 2.4% in the March 2015 quarter following a rise of 2.5% in the December quarter.
• The seasonally adjusted estimate for the total number of dwelling units commenced rose 8.6% to 53,901 dwellings in the March quarter following a fall of 8.2% in the December quarter.

• The trend estimate for new private sector house commencements rose 0.7% in the March quarter following a rise of 0.5% in the December quarter.
• The seasonally adjusted estimate for new private sector house commencements rose 0.2% to 28,349 dwellings in the March quarter following a rise of 0.9% in the December quarter.

• The trend estimate for new private sector other residential building commencements rose 4.4% in the March quarter following a rise of 5.2% in the December quarter.
• The seasonally adjusted estimate for new private sector other residential building rose 19.7% to 24,311 dwellings in the March quarter following a fall of 19.2% in the December quarter.

• the total value of work done in Australia during the December quarter 2014 has been revised upwards by $440.3m or 1.8%.
• the total value of work commenced in Australia during the December quarter 2014 has been revised upwards by $535.7m or 2.3%. This was driven by upwards revisions to non-residential commencements ($124.4m) and residential commencements ($411.3m).
• the number of dwelling unit commencements in the December quarter 2014 has been revised upwards by 1,475 dwellings or 2.9%.