8752.2 - Building Activity, Victoria, Jun 2003  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/10/2003  Ceased
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JUNE QUARTER KEY FIGURES

SEASONALLY ADJUSTED
Jun qtr 03
Mar qtr 03 to Jun qtr 03
% change
Jun qtr 02 to Jun qtr 03
% change
Value of work done(a) ($m)
3,278.1
-6.4
-1.2
New residential building ($m)
1,798.1
-8.9
-3.6
Alterations and additions(b) ($m)
347.2
-3.6
-8.3
Non-residential building ($m)
1,132.9
-3.0
5.3
Total dwelling units commenced (no.)
10,068
-7.7
-19.8
New private sector houses (no.)
6,799
-16.9
-25.9
(a) Chain volume measures, reference year 2001-02.
(b) To residential buildings.




VALUE OF WORK DONE
Volume terms
Seasonally adjusted
Graph: Value of work done, volume terms, seasonally adjusted

VALUE OF WORK COMMENCED
Volume terms
Original
Graph: Value of work commenced, volume terms, original



JUNE QUARTER KEY POINTS


VALUE OF WORK DONE, SEASONALLY ADJUSTED, VOLUME TERMS
  • In seasonally adjusted terms, total building work done fell 6.4% in the June quarter 2003 to $3,278.1m.
  • New residential work done fell 8.9% to $1,798.1m. Work on new houses fell 11.9% to $1,259.4m, while new other residential buildings fell 1.2% from last quarter’s record high to $538.6m. Alterations and additions fell 3.6% to $347.2m.
  • Non-residential building work fell 3.0% to $1,132.9m.


VALUE OF WORK COMMENCED, ORIGINAL, VOLUME TERMS
  • Total building work commenced rose by a marginal 0.5% in the June quarter to $3,482.1m.
  • New residential commencements fell 3.0% to $1,807.7m. New houses fell for the third consecutive quarter, down 8.8% to $1,183.5m, the lowest level for two years. However, new other residential buildings rose 10.4% to $624.2m, the third highest level on record. Alterations and additions rose 9.3% to $364.4m.
  • Non-residential commencements rose 3.3% to $1,310.0m, a level exceeded only by the June quarter 1989.

NUMBER OF DWELLING UNITS COMMENCED, SEASONALLY ADJUSTED
  • In seasonally adjusted terms, the total number of dwellings commenced fell by 7.7% in the June quarter to 10,068 or 19.8% fewer than a year earlier. Commencements of new private sector houses fell for the fourth consecutive quarter, down by 16.9% in the latest quarter, to 6,799 or 25.9% fewer than a year earlier.


FURTHER INFORMATION

For further information about these and related statistics, contact Tony Bammann on Adelaide 08 8237 7316, or the National Information and referral Service on 1300 135 070.


NOTES


ABOUT THIS ISSUE

This publication contains the first detailed estimates for Victoria from the quarterly Building Activity Survey. The data are subject to revision when returns from the following quarter are processed. Final data for the June quarter 2003 will be released in Building Activity, Australia (cat. no. 8752.0) on 19 January 2004.

This June quarter 2003 issue is the final issue of this publication.

In future, all data in this publication will be available in other ABS products, viz:
  • Building Activity, Australia (cat. no. 8752.0)-contains extensive state and territory data.
  • A Building Activity data cube-contains a time series of most of the variables in this publication.
  • The on-line AusStats service-under Building Activity, Australia (cat. no. 8752.0).
  • The ABS web site-in the Main Features for Building Activity, Australia (cat. no. 8752.0), which now includes some state and territory data for the value of work done.

Some preliminary state and territory data is also available in other publications. Further information on these alternative sources and how to access them is in the following document:


NOTE FOR SUBSCRIBERS

The following document details the cessation of the quarterly state and territory building activitiy publications, and offers alternative sources for future data.

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CHANGES IN THIS ISSUE

Quarterly chain volume data incorporate a new base year, 2001-02, which has resulted in revisions to growth rates, small in most cases, for subsequent periods. In addition, the reference year has been advanced to 2001-02, thereby preserving additivity in the quarters after the reference year. Re-referencing resulted in revisions to levels, but not growth rates, for all periods.

Seasonally adjusted and trend estimates have been revised as a result of the adoption of new seasonal adjustment methodology. Concurrent seasonal adjustment has replaced forward factor methodology for all seasonally adjusted series in this publication. See paragraphs 29 and 30 of the Explanatory Notes.


SIGNIFICANT REVISIONS

Compared with the estimates in original terms published in the previous issue of this publication, the total number of dwellings commenced during the March quarter 2003 has been revised downwards by 144 (-1.4%).