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JUNE KEY FIGURES

	Jun qtr 05	Mar qtr 05 to Jun qtr 05	Jun qtr 04 to Jun qtr 05
	$m	% change	% change
TREND ESTIMATES(a)
Value of Work Done	13 607.8	1.4	-0.4
New residential building	7 488.5	-0.2	-5.0
Alterations and additions to residential building	1 370.4	-0.7	-4.3
Non-residential building	4 731.3	4.1	8.9
SEASONALLY ADJUSTED ESTIMATES(a)
Value of Work Done	13 823.4	4.5	0.8
New residential building	7 611.7	2.5	-3.2
Alterations and additions to residential building	1 394.3	3.6	-2.4
Non-residential building	4 817.4	8.1	8.8
(a) Chain volume measures, reference year 2003-04.

Value of work done, Volume terms

Value of work done, Volume terms - Trend estimates

JUNE KEY POINTS


VALUE OF WORK DONE, VOLUME TERMS

TREND ESTIMATES

• The trend estimate of the value of total building work done rose 1.4% in the June quarter 2005.
• The value of new residential building work fell marginally, by 0.2% in the latest quarter. New houses was relatively flat (-0.1%) and new other residential buildings fell 0.2%. Alterations and additions fell 0.7%, however non-residential work done in the quarter rose 4.1%.

• In seasonally adjusted terms, total building work done rose 4.5% in the June quarter 2005, to $13,823.4m.
• There were rises in all sectors. New residential work rose 2.5%, to $7,611.7m, with new houses up 3.3%, to $4,988.1m, and new other residential building up 1.1%, to $2,623.6m. Alterations and additions rose 3.6% to $1,394.3m. Non-residential work done in the rose 8.1%, to $4,817.4m.

CHANGES IN THIS ISSUE

A new base year, 2003-04, has been introduced into the chain volume estimates which has resulted in revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2003-04, thereby preserving additivity in the quarters after the reference year. Re-referencing affects the levels of, but not the movements in, chain volume estimates.

Time series spreadsheets have been released in Excel format for the first time with this issue. A concordance between the old Lotus 1,2,3 spreadsheets and the new Excel spreadsheets is available in 'Information Paper: Changes to Ausstats Tables for Building Activity, Australia and Construction Activity, Chain Volume Measures, Australia' (cat. no. 8752.0.55.001).

SIGNIFICANT REVISIONS THIS ISSUE

Compared with the estimates in current price original terms published in the previous issue of this publication:

• the total value of building work commenced during the March quarter 2005 has been revised upwards by $166.5m (+1.3%). This was mainly the result of an upwards revision of $79.9m (+4.4%) to non-residential building work commenced in New South Wales.

VALUE OF WORK DONE VOLUME TERMS JUNE QTR 2005


SUMMARY COMMENTS

• In the June quarter 2005, the seasonally adjusted estimate of total building work done rose in all the states and territories with the exception of the Northern Territory (-3.6%). The largest rises were in Victoria (+7.5%), South Australia (+10.2%), and the Australian Capital Territory (+11.1%).
• In original terms, all states and territories rose, with the largest increases in Victoria (+18.8%), South Australia (+19.1%), Tasmania (+19.9%) and the Australian Capital Territory (+24.3%).

		NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Aust.
Original(a)
Value of work done
	New residential building ($m)	1 947.8	2 165.2	1 922.3	439.5	824.5	106.9	54.6	125.4	7 586.2
	Alterations and additions to residential building ($m)	478.1	439.1	252.4	89.2	80.1	25.6	14.2	27.1	1 405.8
	Non-residential building ($m)	1 564.7	1 374.3	908.3	325.8	371.0	71.3	61.6	117.2	4 794.2
	Total building ($m)	3 990.6	3 978.6	3 082.9	854.4	1 275.7	203.8	130.5	269.7	13 786.3
Percentage change
	New residential building (%)	3.2	20.0	8.4	16.0	4.1	11.5	-7.3	10.9	9.9
	Alterations and additions to residential building (%)	8.3	22.2	22.4	13.8	-4.2	24.4	39.5	48.9	15.4
	Non-residential building (%)	22.5	16.1	23.4	25.2	-4.6	33.3	21.3	36.8	18.8
	Total building (%)	10.7	18.8	13.5	19.1	0.9	19.9	8.8	24.3	13.4
Seasonally Adjusted(a)
Value of work done
	New residential building ($m)	1 952.6	2 144.2	1 967.5	438.5	837.0	106.9	na	113.5	7 611.7
	Alterations and additions to residential building ($m)	490.2	415.7	253.3	90.7	78.8	24.7	na	26.8	1 394.3
	Non-residential building ($m)	1 562.6	1 340.9	891.1	323.2	420.7	68.9	na	120.3	4 817.4
	Total building ($m)	4 005.3	3 900.8	3 111.8	852.4	1 336.4	200.4	126.9	260.6	13 823.4
Percentage change
	New residential building (%)	-3.6	12.5	1.6	8.2	3.3	5.8	na	-10.4	2.5
	Alterations and additions to residential building (%)	3.0	6.3	5.6	8.6	-7.4	4.7	na	23.3	3.6
	Non-residential building (%)	15.9	0.7	7.6	13.6	1.9	10.1	na	39.8	8.1
	Total building (%)	4.0	7.5	3.6	10.2	2.2	7.1	-3.6	11.1	4.5
na not available
(a) Chain volume measures, reference year 2003-04.

VALUE OF WORK DONE VOLUME TERMS


TREND ESTIMATES


NEW SOUTH WALES, VICTORIA

QUEENSLAND, WESTERN AUSTRALIA

SOUTH AUSTRALIA, TASMANIA

NORTHERN TERRITORY, AUSTRALIAN CAPITAL TERRITORY

VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

	Jun qtr 05	Mar qtr 05 to Jun qtr 05	Jun qtr 04 to Jun qtr 05
	$m	% change	% change
Trend(a)
Value of work commenced	13 303.9	1.6	-0.4
New residential building	7 218.5	1.0	-8.1
Alterations and additions to residential building	1 323.0	-	-2.4
Non-residential building	4 719.9	1.8	13.8
Seasonally Adjusted(a)
Value of work commenced	13 604.8	6.1	2.1
New residential building	7 447.2	7.9	-7.2
Alterations and additions to residential building	1 327.5	0.6	-4.4
Non-residential building	4 830.2	5.0	23.7
- nil or rounded to zero (including null cells)
(a) Chain volume measures, reference year 2003-04.

TREND

• The June quarter 2005 trend estimate of the total value of building work commenced rose 1.6% from the March quarter estimate.
• The value of new residential building commenced rose 1.0% in the June quarter 2005, after four quarters of decline. New house commencements rose 1.4% in the June quarter 2005, after four quarters of decline. The value of new other residential commencements rose 0.3% while alterations and additions to residential buildings was flat. Non-residential building rose 1.8% in the June quarter 2005.

Value of Work Commenced in Volume Terms, Trend

• In seasonally adjusted terms, the total value of building work commenced rose 6.1% in the June quarter 2005, to $13,604.8m.
• Commencements of new residential buildings rose 7.9%, to $7,447.2m. New house commencements rose 12.1% to $5,129.3m, while new other residential building fell 0.5% to $2,317.9m. Alterations and additions rose 0.6% to $1,327.5m.
• Non-residential work commenced was up 5.0%, to $4,830.2m.