The latest data from the ABS shows that the trend estimate of the value of total building work done rose 1.5% in the June 2016 quarter to $26.1bn. The trend series smooths out some of the swings period to period, and provide a better view of the underlying trajectory of the numbers. Apartment building activity is driving much of the lift.
The trend estimate of the value of new residential building work done rose 2.1% in the June quarter. The value of work done on new houses was flat while new other residential building rose 4.5%. Total residential building was $17.2bn.
The trend estimate of the value of non-residential building work done rose 0.5% in the June quarter and worth $8.9bn.
The statistics were compiled using building approval details and returns collected from builders and other individuals and organisations engaged in building activity. Since the September quarter of 1990, the quarterly estimates have represented all approved public and private sector owned:
- residential building jobs valued at $10,000 or more.
- non-residential building jobs valued at $50,000 or more.
