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KEY FIGURES

	Sep qtr 03	Jun qtr 03 to Sep qtr 03	Sep qtr 02 to Sep qtr 03
	$m	% change	% change
TREND ESTIMATES(a)
Value of work done	11,340.2	-0.3	1.5
New residential building	6,445.9	-1.3	-0.3
Alterations and additions to residential building	1,224.0	3.0	8.5
Non-residential building	3,662.1	0.1	2.3
SEASONALLY ADJUSTED ESTIMATES(a)
Value of work done	11,483.8	3.2	2.9
New residential building	6,543.3	3.0	2.5
Alterations and additions to residential building	1,269.9	11.1	13.1
Non-residential building	3,670.6	1.1	0.3
(a) Chain volume measures, reference year 2001-02.

VALUE OF WORK DONE Volume terms

VALUE OF WORK DONE Volume terms—Trend estimates

KEY POINTS

VALUE OF WORK DONE, Volume Terms


TREND ESTIMATES

• The trend estimate of the value of total building work done fell 0.3% in the September quarter 2003, and follows a 0.5% fall in the June quarter.

• New residential building work fell 1.3% in the latest quarter. New houses fell 2.7%, the third quarterly fall, but new other dwellings rose 1.3%, the tenth quarterly increase.

• Non-residential work has been steady for the last three quarters.

• In seasonally adjusted terms, total building work done rose 3.2% in the September quarter to $11,483.8m, the third highest level on record.

• New residential work rose 3.0% to $6,543.3m. New houses were up 3.3% to $4,296.0m and new other dwellings rose 2.5% to a fourth consecutive quarterly record of $2,247.3m. Alterations and additions rose 11.1% to $1,269.9m, the second highest level on record.

• Work done on non-residential building rose 1.1% to $3,670.6m.

• In original terms, total building work done rose 7.8% to $12,014.0m. New houses were up 8.8% to $4,509.3m, new other dwellings up 4.2% to a record $2,316.9m and alterations and additions up 11.1% to a record $1,290.4m. Non-residential work rose 7.9% to $3,897.4m, the highest since the December quarter 1999.

	NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Aust.
NUMBER OF DWELLINGS COMMENCED (no.)
2000-01	-188	-67	-12	-18	-30	-4	-	-4	-323
2001-02	-618	-495	347	-48	-103	-22	-7	-12	-958
2002-03	-198	-141	979	-25	-277	-9	-9	-21	301
VALUE OF WORK COMMENCED ($m)
2000-01	-71.0	-38.4	-2.9	-2.2	-8.2	-0.8	-3.2	-0.8	-127.6
2001-02	-121.0	-124.8	39.7	-10.4	-24.7	-2.6	-5.1	-3.0	-251.9
2002-03	-42.1	-134.9	142.3	-0.5	-43.6	-1.8	-3.6	-4.9	-89.1
VALUE OF WORK DONE ($m)
2000-01	-32.3	-20.6	2.5	-1.2	-4.1	-0.4	-2.7	-0.4	-59.1
2001-02	-68.0	-67.2	45.1	-4.7	-12.0	-1.7	-3.4	-2.1	-114.0
2002-03	-111.5	-131.8	86.1	-20.6	-31.4	-5.6	-2.0	-3.4	-220.2

	Sep qtr 03	Jun qtr 03 to Sep qtr 03	Sep qtr 02 to Sep qtr 03
	$m	% change	% change
TREND(a)
Value of work commenced	11,192.7	-1.7	-6.6
New residential building	6,402.3	-2.5	-8.8
Alterations and additions to residential building	1,198.9	3.3	5.5
Non-residential building	3,613.0	-1.1	-5.7
SEASONALLY ADJUSTED(a)
Value of work commenced	11,560.3	4.3	-2.6
New residential building	6,516.6	0.7	-8.5
Alterations and additions to residential building	1,240.7	8.4	9.2
Non-residential building	3,803.1	9.9	5.4
(a) Chain volume measures, reference year 2001-02.

• The trend estimate of the total value of building work commenced fell 1.7% in the September quarter 2003. Although this is the third consecutive quarterly fall, the rate of decline has slowed.

• New residential buildings fell 2.5% in the latest quarter, with an increase of 2.5% in new houses being more than offset by a fall of 11.1% in new other dwellings. Alterations and additions rose 3.3%. Non-residential building commencements fell 1.1%, the third quarterly fall.

VALUE OF WORK COMMENCED IN VOLUME TERMS, Trend

• In seasonally adjusted terms, the total value of building work commenced rose 4.3% in the September quarter 2003 to $11,560.3m, the third highest level on record.

• Commencements of new residential buildings rose 0.7%. An increase of 9.2% in new houses to $4,693.4m, the third highest on record, was largely offset by a fall of 16.2%, to $1,823.2m, in new other residential buildings. Alterations and additions rose 8.4% to a second consecutive quarterly record of $1,240.7m.

• Non-residential work commenced rose 9.9% to $3,803.1m, the second highest level since the June quarter 1998.

		NSW	Vic.	Qld	SA	WA	Tas.	NT	ACT	Aust.
ORIGINAL(a)
Value of work done
	New residential building ($m)	2,084.0	1,968.9	1,495.3	339.6	707.2	70.5	43.6	117.2	6,826.3
	Alterations and additions to residential building ($m)	493.3	409.4	188.4	75.8	73.4	18.2	6.7	25.1	1,290.4
	Non-residential building ($m)	1,334.1	1,143.6	664.6	219.1	364.8	54.2	44.3	72.7	3,897.4
	Total building ($m)	3,911.4	3,522.0	2,348.2	634.5	1,145.4	143.0	94.6	215.0	12,014.0
Percentage change
	New residential building (%)	1.1	8.4	15.4	8.1	8.0	21.2	1.7	-6.6	7.2
	Alterations and additions to residential building (%)	10.0	14.6	9.0	27.1	-5.4	21.1	-22.1	11.5	11.1
	Non-residential building (%)	4.2	2.8	23.0	-7.3	28.2	23.6	19.9	-5.2	7.9
	Total building (%)	3.2	7.1	16.9	4.0	12.7	22.1	7.0	-4.3	7.8
SEASONALLY ADJUSTED(a)
Value of work done
	New residential building ($m)	2,038.4	1,869.0	1,393.4	329.9	699.6	70.0	na	117.3	6,543.3
	Alterations and additions to residential building ($m)	477.9	409.8	181.8	73.0	75.8	17.8	na	24.0	1,269.9
	Non-residential building ($m)	1,319.1	1,085.6	614.1	222.5	327.8	54.0	na	74.1	3,670.6
	Total building ($m)	3,835.5	3,364.4	2,189.3	625.4	1,103.2	141.7	92.2	215.3	11,483.8
Percentage change
	New residential building (%)	-0.9	5.1	7.1	2.8	4.3	20.1	na	4.3	3.0
	Alterations and additions to residential building (%)	4.1	19.9	2.9	18.7	1.1	25.1	na	9.1	11.1
	Non-residential building (%)	4.2	-2.1	16.3	-3.8	7.5	29.8	na	-7.4	1.1
	Total building (%)	1.4	4.2	9.2	1.9	5.0	24.3	13.0	0.4	3.2
na not available
(a) Chain volume measures, reference year 2001-02.