VALUE OF WORK COMMENCED VOLUME TERMS
TREND AND SEASONALLY ADJUSTED ESTIMATES
 | Dec qtr 11 | Sep qtr 11 to Dec qtr 11 | Dec qtr 10 to Dec qtr 11 |
| $m | % change | % change |
Trend(a) |
|
| Value of work commenced | 16 990.9 | -6.6 | -10.6 |
| New residential building | 8 951.5 | -4.5 | -12.7 |
| Alterations and additions to residential building | 1 731.0 | -1.4 | -2.5 |
| Non-residential building | 6 349.6 | -9.9 | -9.2 |
Seasonally Adjusted(a) |
|
| Value of work commenced | 15 870.8 | -16.6 | -14.8 |
| New residential building | 8 913.4 | -5.0 | -11.8 |
| Alterations and additions to residential building | 1 680.8 | -6.5 | -8.2 |
| Non-residential building | 5 276.5 | -32.8 | -21.1 |
|
| (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 6.6% in the December quarter 2011, and has fallen for seven quarters.
- The value of new residential building commenced fell 4.5% and has fallen for six quarters. The value of new house commencements fell 2.1% and new other residential commencements fell 7.9%. The value of commencements for alterations and additions to residential buildings fell 1.4%.
- The value of non-residential building commenced fell 9.9%.
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 16.6% to $15,870.8m following a fall of 0.7% in September 2011.
- Commencements of new residential buildings fell 5.0% to $8,913.4m. New house commencements rose 0.2%, to $6,059.5m, and new other residential building fell 14.3% to $2,853.9m. Alterations and additions fell 6.5% to $1,680.8m. Non-residential work commenced fell 32.8%, to $5,276.5m.
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