• Summary
• Downloads
• Explanatory Notes
• Related Information
• Past Releases

KEY FIGURES

	Dec qtr 03	Sep qtr 03 to Dec qtr 03	Dec qtr 02 to Dec qtr 03
	$m	% change	% change
TREND ESTIMATES(a)
Value of work done	11,802.9	2.4	3.4
New residential building	6,716.4	2.1	1.4
Alterations and additions to residential building	1,281.9	3.9	11.9
Non-residential building	3,800.8	2.2	4.1
SEASONALLY ADJUSTED ESTIMATES(a)
Value of work done	12,082.1	5.9	6.1
New residential building	6,891.2	6.1	3.7
Alterations and additions to residential building	1,297.0	3.9	13.1
Non-residential building	3,893.9	6.3	8.5
(a) Chain volume measures, reference year 2001-02.

VALUE OF WORK DONE Volume terms

VALUE OF WORK DONE Volume terms—Trend estimates

• The trend estimate of the value of total building work done rose 2.4% in the December quarter 2003.

• New residential building work rose 2.1% in the latest quarter. New houses rose 1.9% and new other residential buildings was up 2.4%, rising for the eleventh consecutive quarter.

• Non-residential work done rose 2.2%.

• In seasonally adjusted terms, total building work done rose 5.9% in the December quarter 2003, to $12,082.1m, a level exceeded only by the June quarter 2000.

• New residential work rose 6.1%, to $6,891.2m. New houses were up 6.8%, to $4,553.2m, a level exceeded only by the June quarter 2000, and new other dwellings rose 4.8%, to a record $2,338.1m. Alterations and additions rose 3.9%, to a record $1,297.0m.

• Work done on non-residential building rose 6.3%, to $3,893.9m, the highest level since the June quarter 1999.

• In original terms, total work done rose 6.0%, to a record $12,532.4m. New houses were up 6.5%, to $4,737.7m (exceeded only by the June quarter 2000). New other dwellings rose 3.7%, to a record $2,369.5m and alterations and additions rose 7.5%, to a record $1,360.7m. Non-residential work was up 6.2%, to $4,064.5m, the highest for five years.

• the total number of dwellings commenced during the September quarter 2003 has been revised downwards by 388 (-0.9%), and

• the total value of building work commenced during the September quarter has been revised downwards by $123.8m (-1.0%). The main contributors were New South Wales down by $52.4m (-1.3%), Victoria down by $37.1m (-1.0%) and Queensland down by $28.2m (-1.0%).

	Dec qtr 03	Sep qtr 03 to Dec qtr 03	Dec qtr 02 to Dec qtr 03
	$m	% change	% change
TREND(a)
Value of work commenced	12,032.6	3.9	-0.2
New residential building	6,983.6	3.9	-0.6
Alterations and additions to residential building	1,264.7	3.9	12.3
Non-residential building	3,772.8	3.5	-3.5
SEASONALLY ADJUSTED(a)
Value of work commenced	12,356.4	7.1	-1.8
New residential building	7,253.7	11.0	3.4
Alterations and additions to residential building	1,279.9	3.5	13.0
Non-residential building	3,822.8	1.4	-13.8
(a) Chain volume measures, reference year 2001-02.

• The trend estimate of the total value of building work commenced rose 3.9% in the December quarter 2003.

• New residential buildings rose 3.9% in the latest quarter. New houses rose (+5.2%) for the third consecutive quarter and new other dwellings rose (+1.3%), following three quarters of decline. Alterations and additions rose 3.9%, the third consecutive quarterly rise. Non-residential building commencements rose 3.5%.

VALUE OF WORK COMMENCED IN VOLUME TERMS, Trend

• In seasonally adjusted terms, the total value of building work commenced rose 7.1% in the December quarter 2003, to $12,356.4m, a level only exceeded by the December quarter 2002.

• Commencements of new residential buildings rose 11.0%, to a record $7,253.7m. New houses were up 5.0%, to $4,926.7m (exceeded only by the March quarter 2000), and new other dwellings rose by 26.4%, to $2,326.9m. Alterations and additions rose 3.5%, to a second consecutive quarterly record of $1,279.9m.

• Non-residential work commenced rose 1.4%, to $3,822.8m, the second highest level for six years.

• In the December quarter 2003, the seasonally adjusted estimate of total building work done rose in most states and territories, with Queensland recording the largest increase (+17.8%), followed by Tasmania (+7.7%). Only Western Australia (-5.2%) and the Australian Capital Territory (-0.4%) recorded falls.

• In original terms, only Western Australia (-6.6%) recorded a fall in total building work done. Tasmania recorded the largest increase (+16.7%), followed by Queensland (+15.6%), the Northern Territory (+11.2%) and South Australia (+10.1%).

		NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Aust.
ORIGINAL(a)
Value of work done
	New residential building ($m)	2,147.1	1,993.5	1,710.1	356.0	643.0	85.2	52.5	119.8	7,107.3
	Alterations and additions to residential building ($m)	548.6	396.9	214.5	75.9	69.5	20.4	8.3	26.6	1,360.7
	Non-residential building ($m)	1,324.8	1,215.9	746.7	261.8	335.6	59.9	44.6	75.2	4,064.5
	Total building ($m)	4,020.5	3,606.3	2,671.2	693.7	1,048.2	165.5	105.4	221.6	12,532.4
Percentage change
	New residential building (%)	4.2	2.6	15.8	6.2	-6.2	21.3	19.6	3.1	5.6
	Alterations and additions to residential building (%)	13.7	-2.0	18.5	0.8	-3.4	13.1	25.6	7.2	7.5
	Non-residential building (%)	1.2	9.4	14.4	19.4	-8.0	11.8	0.7	3.7	6.2
	Total building (%)	4.4	4.2	15.6	10.1	-6.6	16.7	11.2	3.8	6.0
SEASONALLY ADJUSTED(a)
Value of work done
	New residential building ($m)	2,007.3	1,999.4	1,652.8	339.2	619.5	78.9	na	121.1	6,891.2
	Alterations and additions to residential building ($m)	528.1	385.2	195.6	71.7	67.6	19.1	na	24.3	1,297.0
	Non-residential building ($m)	1,266.8	1,143.8	714.6	242.7	311.7	56.5	na	68.5	3,893.9
	Total building ($m)	3,802.2	3,528.4	2,563.0	653.5	998.8	154.5	99.5	213.9	12,082.1
Percentage change
	New residential building (%)	-0.4	7.5	19.9	2.4	-8.3	11.2	na	3.5	6.1
	Alterations and additions to residential building (%)	10.7	-4.6	10.7	-1.2	-8.6	6.2	na	1.4	3.9
	Non-residential building (%)	-2.5	6.0	15.3	7.6	2.7	3.7	na	-7.3	6.3
	Total building (%)	0.3	5.6	17.8	3.8	-5.2	7.7	6.4	-0.4	5.9
na not available
(a) Chain volume measures, reference year 2001-02.