Building work done on new apartments in the March 2010 quarter lifted the value of new residential work generally, according to figures released this week by the Australian Bureau of Statistics.
The seasonally adjusted March quarter estimate of the value of total building work done rose 5.2 per cent to $20,055.3m, following a rise of 4.7 per cent in the December 2009 quarter.
The seasonally adjusted estimate of the value of new residential building work done rose 1.6 per cent to $9,116.4m.
Work done on new houses fell 0.4 per cent to $6,309.3m, however new `other residential' building rose 6.6 per cent to $2,807.1m.
Alterations and additions rose 2.5 per cent to $1,621.6m.
In the March quarter 2010, the seasonally adjusted estimate of the value of total building work done rose in states and territories other than Queensland (-0.9 per cent) and the Northern Territory (-0.4 per cent). The largest rises were in Tasmania (12.6 per cent) and New South Wales (9.9 per cent).
In seasonally adjusted terms, the estimate of the total value of building work commenced in the March quarter fell 14.5 per cent following a rise of 19.8 per cent in December 2009.
Commencements of new residential buildings rose 1.0 per cent to $9,652.0m.
New house commencements fell 2.0 per cent, to $6,804.3m, and new other residential building rose 8.9 per cent to $2,847.7m.
Alterations and additions fell 9.2 per cent to $1,568.3m.