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VALUE OF WORK DONE, CHAIN VOLUME MEASURES

DECEMBER KEY FIGURES

	Dec qtr 14	Sep qtr 14 to Dec qtr 14	Dec qtr 13 to Dec qtr 14
	$m	% change	% change
TREND ESTIMATES(a)
Value of work done	22 328.0	-0.2	4.1
New residential building	12 034.8	1.0	10.8
Alterations and additions to residential building	1 717.4	-2.0	-4.0
Non-residential building	8 584.2	-1.4	-2.5
SEASONALLY ADJUSTED ESTIMATES(a)
Value of work done	22 267.5	-0.2	5.3
New residential building	12 089.1	2.8	14.8
Alterations and additions to residential building	1 703.8	-3.1	-4.9
Non-residential building	8 474.5	-3.5	-4.0
(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 fell 0.2% in the December 2014 quarter.
• The seasonally adjusted estimate of the value of total building work done fell 0.2% to $22,267.5m in the December quarter, following a fall of 0.7% in the September 2014 quarter.

• The trend estimate of the value of new residential building work done rose 1.0% in the December quarter. The value of work done on new houses rose 0.3% while new other residential building rose 1.9%.
• The seasonally adjusted estimate of the value of new residential building work done rose 2.8% to $12,089.1m. Work done on new houses rose 2.2% to $7,066.3m, while new other residential building rose 3.6% to $5,022.8m.

• The trend estimate of the value of non-residential building work done fell 1.4% in the December quarter.
• The seasonally adjusted estimate of the value of non-residential building work done in the quarter fell 3.5% to $8,474.5m, following a fall of 0.5% in the September 2014 quarter.

	Dec qtr 14	Sep qtr 14 to Dec qtr 14	Dec qtr 13 to Dec qtr 14
	no.	% change	% change
TREND ESTIMATES
Total dwelling units commenced	50 237	-	12.0
New private sector houses	27 933	-0.1	11.0
New private sector other residential building	21 331	0.5	15.0
SEASONALLY ADJUSTED ESTIMATES
Total dwelling units commenced	48 125	-10.6	6.8
New private sector houses	27 826	-0.7	15.4
New private sector other residential building	19 307	-22.5	-2.6
- nil or rounded to zero (including null cells)

Dwelling units commenced

Private dwellings commenced, Trend estimates

• The trend estimate for the total number of dwelling units commenced was flat in the December 2014 quarter following a rise of 1.5% in the September quarter.
• The seasonally adjusted estimate for the total number of dwelling units commenced fell 10.6% to 48,125 dwellings in the December quarter following a rise of 15.8% in the September quarter.

• The trend estimate for new private sector house commencements fell 0.1% in the December quarter following a rise of 1.5% in the September quarter.
• The seasonally adjusted estimate for new private sector house commencements fell 0.7% to 27,826 dwellings in the December quarter following a rise of 1.9% in the September quarter.

• The trend estimate for new private sector other residential building commencements rose 0.5% in the December quarter following a rise of 1.9% in the September quarter.
• The seasonally adjusted estimate for new private sector other residential building fell 22.5% to 19,307 dwellings in the December quarter following a rise of 40.2% in the September quarter.

• the total value of work done in Australia during September quarter 2014 has been revised upwards by $40.8m or 0.2%.
• the total value of work commenced in Australia during September quarter 2014 has been revised upwards by $811.2m or 3.4%. This was driven by upwards revisions to non-residential commencements ($149.9m) and residential commencements ($661.3m).
• the number of dwelling unit commencements in the September quarter 2014 has been revised upwards by 1,985 dwellings or 3.6%.