VALUE OF WORK COMMENCED VOLUME TERMS
TREND AND SEASONALLY ADJUSTED ESTIMATES
 | Jun qtr 12 | Mar qtr 12 to Jun qtr 12 | Jun qtr 11 to Jun qtr 12 |
| $m | % change | % change |
Trend(a) |
|
| Value of work commenced | 17 782.4 | -2.3 | -6.4 |
| New residential building | 8 696.7 | -2.5 | -11.9 |
| Alterations and additions to residential building | 1 645.9 | -1.9 | -7.7 |
| Non-residential building | 7 445.5 | -2.2 | 1.4 |
Seasonally Adjusted(a) |
|
| Value of work commenced | 17 400.5 | -7.5 | -9.1 |
| New residential building | 9 000.3 | 6.8 | -6.6 |
| Alterations and additions to residential building | 1 635.5 | -3.9 | -9.1 |
| Non-residential building | 6 764.8 | -22.1 | -12.4 |
|
| (a) Reference year for chain volume measures is 2009-10. Refer to paragraphs 31-35 of the Explanatory Notes. |
TREND
- The trend estimate of the total value of building work commenced fell 2.3% in the June quarter 2012, and has fallen for four quarters.
- The value of new residential building commenced fell 2.5% and has fallen for eight quarters. The value of new house commencements fell 3.4% and new other residential commencements fell 0.4%. The value of commencements for alterations and additions to residential buildings fell 1.9%.
- The value of non-residential building commenced fell 2.2%.
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 7.5% to $17,400.5m following rise of 4.1% in March 2012.
- Commencements of new residential buildings rose 6.8% to $9000.3m. New house commencements fell 0.6%, to $5,625.4m, and new other residential building rose 22.1% to $3,374.9m. Alterations and additions fell 3.9% to $1,635.5m. Non-residential work commenced fell 22.1%, to $6,764.8m.
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