Construction done in Australia

Posted @ Sep 1st 2006 1:42pm - By GCPN Property Network
News 62

The seasonally adjusted estimate of building work done rose 3.9% in the June quarter 2006, to $14,973.8m.

Residential building rose 2.7% to $9,140.2m. Non-residential building rose 5.8% to $5,833.5m. Total construction work done rose 3.6% to $25,582.7m in the latest quarter.

Turnover for the Australian Retail and Hospitality/Services sector increased by 5.2% in July 2006 compared with July 2005.

Chains and other large retailers increased by 6.9%, while 'smaller' retailers increased by 2.9%

Figures for work completed through to mid-year showed a moderate improvement in residential activity, with total building increasing by 2.7%.

The value of new housing completed rose by 2.4% to $7.7 billion. For the alterations and additions market, work done increased by 4.9% to $1.37 billion

 

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