VALUE OF WORK COMMENCED VOLUME TERMS
TREND AND SEASONALLY ADJUSTED ESTIMATES
 | Jun qtr 08 | Mar qtr 08 to Jun qtr 08 | Jun qtr 07 to Jun qtr 08 | |
| $m | % change | % change | |
Trend(a) | |
| |
| Value of work commenced | 17 689.0 | -1.8 | 4.7 | |
| New residential building | 8 937.3 | -0.7 | 5.2 | |
| Alterations and additions to residential building | 1 515.1 | -3.3 | 0.6 | |
| Non-residential building | 7 248.8 | -2.7 | 5.1 | |
Seasonally Adjusted(a) | |
| |
| Value of work commenced | 16 948.6 | -8.5 | 0.3 | |
| New residential building | 8 682.8 | -5.7 | 2.3 | |
| Alterations and additions to residential building | 1 479.9 | -4.1 | -3.1 | |
| Non-residential building | 6 785.9 | -12.6 | -1.5 | |
| |
| (a) Chain volume measures, reference year 2005-06. |
TREND
- The trend estimate of the total value of building work commenced fell 1.8% in the June quarter 2008.
- The value of new residential building commenced fell 0.7%. New house commencements rose 0.8% and new other residential commencements fell 4.0%. The value of commencements for alterations and additions to residential buildings fell 3.3%. The value of non-residential building fell by 2.7%.
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 June quarter fell 8.5% following a rise of 0.9% in March.
- Commencements of new residential buildings fell 5.7%, to $8,682.8m. New house commencements rose 1.0%, to $6,299.1m, while new other residential building fell 19.9%, to $2,383.7m. Alterations and additions fell 4.1%, to $1,479.9m. Non-residential work commenced fell 12.6%, to $6,785.9m.
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