The value of building approved in 2003-04 was $740.7 million. This was $214.4 million (40.7%) more than in 2002-03 and $336.0 million (83.0%) more than in 1999-2000. Of the $740.7 million worth of building approved in Tasmania in 2003-04, residential accounted for $553.8 million (74.8%), and non-residential accounted for $187.1 million (25.2%).
The value of new houses approved in 2003-04 was $387.2 million, which was 69.9% of the value of residential buildings approved.
VALUE OF BUILDING APPROVED, Tasmania |
|
 | 1999-2000 | 2000-01 | 2001-02 | 2002-03 | 2003-04 |
| | | | | |
| $m | $m | $m | $m | $m |
|
| New houses | 165.3 | 119.9 | 209.0 | 247.7 | 387.2 |
| New other residential buildings | 28.2 | 7.5 | 12.3 | 14.2 | 71.3 |
| Alterations and additions creating dwellings | 1.6 | 0.9 | 0.5 | 0.5 | 0.1 |
| Alterations and additions not creating dwellings | 44.3 | 42.1 | 51.1 | 62.1 | 86.4 |
| Conversions(a) | 4.8 | 0.3 | 0.2 | 0.2 | 9.1 |
| Total residential building | 244.0 | 170.6 | 272.9 | 324.7 | 553.8 |
| | | | | |
| Non-residential building(b) | 160.7 | 152.4 | 168.2 | 201.5 | 187.1 |
| | | | | |
| Total building | 404.7 | 323.2 | 441.0 | 526.3 | 740.7 |
|
(a) Building activity which converts a non-residential building to a residential building.
(b) Comprises non-residential building (new plus alterations and additions) valued at $50,000 and over.
Source: Building Approvals, Australia - Time Series Spreadsheet (cat. no. 8731.0, table 20F). |
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