Economic briefing note on building work done in June 2016

June 2016

Release date: 12 October 2016
Next release: 18 January 2017

Building work done in Victoria increased in the June quarter 2016 (up 5.9 per cent) to $7695 million. This comprised increases in both residential building work done (up 6.9 per cent) to $5436 million and non-residential building work done (up 3.6 per cent) to $2259 million. Other non-residential buildings accounted for the largest portion of the growth in non-residential building value, up 35.4 per cent in the June quarter 2016. This growth was led by growth in religious buildings (up 118.2 per cent), entertainment and recreational facilities (up 87.1 per cent), and other non-residential buildings (up 72.7 per cent).

In the June quarter 2016, Victoria's share of national total building value increased to 29.5 per cent (up from 28.2 per cent in the March quarter 2016).

Nationally, building work done increased in the June quarter 2016 to $26,069 million (up 1.2 per cent). Amongst the states, Victoria (up 5.9 per cent) experienced the Tasmania (down 4.4 per cent) experienced the largest decrease in building work done.

In the year to June 2016, Australia has seen an increase in total building work done of $1618 million (up 6.6 per cent). Victoria has seen an increase in total building work done over the same period of $687 million (up 9.8 per cent). 

Building work done

Building work done NSW VIC QLD SA WA TAS AUS
Total building work done June quarter ($ million) 7877 7695 4901 1173 3222 316 26,069
Change since March quarter 2016, $ million (%) -188 (-2.3) 431 (5.9) -68 (-1.4) -3 (-0.3) 163 (5.3) -14 (-4.4) 316 (1.2)
Annual change in the year to June quarter 2016, $ million (%) 730 (10.2) 687 (9.8) 602 (14.0) -9 (-0.8) -397 (-11.0) -16 (-4.8) 1618 (6.6)
Non-residential building value June quarter 2016 ($ million) 2832 2259 1698 452 1225 140 8958
Change since March quarter 2016, $ million (%) 4 (0.1) 79 (3.6) 12 (0.7) -06 (-1.3) 190 (18.3) -14 (-9.1) 210 (2.4)
Annual change in the year to June quarter 2016, $ million (%) 174 (6.5) -152 (-6.3) 178 (11.7) -42 (-8.6) -96 (-7.3) 6 (4.4) 58 (0.6)
Residential building value June quarter 2016 ($ million) 5045 5436 3203 7211997 176 17,111
Change since March quarter 2016, $ million (%) -192 (-3.7) 352 (6.9) -80 (-2.4) 3 (0.4) -26 (-1.3) 0 (-0.3) 105 (0.6)
Annual change in the year to June quarter 2016, $ million (%) 556 (12.4) 838 (18.2) 423 (15.2) 33 (4.8) -301 (-13.1) -22 (-11.0) 1561 (10.0)

Residential building work done

This chart shows the value of residential building work done in Victoria and Australia between June 2006 and June 2016. Victoria and Australia have followed similar trends over this period. The value of residential building work done in Victoria was $2.9 billion in the June quarter 2006. Between June quarter 2006 and September quarter 2011 the value of residential building work done followed an upwards growth pattern, reaching $4.3 billion in September quarter 2011. Between September quarter 2011 and September quarter 2014 the value of building work done trended slightly downwards, reaching $4.1 billion in September quarter 2014. Since September quarter 2014, the value of residential building work done in Victoria has trended upwards, reaching $5.4 billion in June quarter 2016. The value of residential building work done in Australia was $12.1 billion in the June quarter 2006. Between June quarter 2006 and June quarter 2010 the value of residential building work done followed an upwards growth pattern, reaching $13.9 billion in June quarter 2010. Between June quarter 2010 and June quarter 2012 the value of building work done trended slightly downwards, reaching $12.0 billion in June quarter 2012. Since June quarter 2012, the value of residential building work done in Australia has trended upwards, reaching $17.1 billion in June quarter 2016.

Date range Victoria ($ billion) Australia ($ billion)
June 2006 2.9 12.1
June 2010n/a13.9
September 2011 4.3 n/a
June 2012 n/a 12.0
September 2014 4.1 n/a
June 2016 5.4 17.1

Non-residential building work done

This chart shows the value of non-residential building work done in Victoria and Australia between June 2006 and June 2016. Victoria and Australia have followed similar trends over this period. The value of non- residential building work done in Victoria was $1.9 billion in the June quarter 2006. Between June quarter 2006 and June quarter 2010 the value of non-residential building work done followed an upwards growth pattern, reaching $2.4 billion in June quarter 2010. Between June quarter 2010 and September quarter 2012 the value of building work done trended slightly downwards, reaching $2.0 billion in September quarter 2012. Between September quarter 2012 and March quarter 2015, the value of non-residential building work done in Victoria trended upwards, reaching $2.5 billion in March quarter 2015. Since March quarter 2015 the value of non-residential building work done in Victoria has trended downwards, reaching $2.3 billion in June quarter 2016. The value of non- residential building work done in Australia was $7.2 billion in the June quarter 2006. Between June quarter 2006 and June quarter 2010 the value of non-residential building work done followed an upwards growth pattern, reaching $10.3 billion in June quarter 2010. Between June quarter 2010 and September quarter 2012 the value of building work done trended slightly downwards, reaching $8.1 billion in September quarter 2012. Between September quarter 2012 and December quarter 2015, the value of non-residential building work done in Australia trended upwards, reaching $9.0 billion in December quarter 2015. In June quarter 2016 the value of non-residential building work done in Australia was $9.0 billion

Date range Victoria ($ billion) Australia ($ billion)
June 2006 1.97.2
June 2010 2.4 10.3
September 2012 2.0 8.1
March 2015 2.5 n/a
December 2015 n/a 9.0
June 2016 2.39.0

Source: Australian Bureau of Statistics (ABS), cat. no. 8752.0 – Construction work done

Contact

Please email economic.analysis@ecodev.vic.gov.au for more information.

Page last updated: 21 October 2016