national construction activity slowed
The latest data from the ABS indicates total construction work has fallen by -0.3%. Image – Canva
  • Value of total construction work fell -0.3% in September quarter
  • Building work down -0.9%, Engineering work up 0.4%
  • Construction work falls in NSW, WA and ACT responsible for national decline

Despite reports of construction activity being given the green light to ramp up in NSW and VIC, total national construction work has recently slowed.

The latest data release from the Australian Bureau of Statistics (ABS) indicates total construction work fell by -0.3% in the September quarter.

Value of construction work falls

The -0.3% fall in estimated total construction work brings the total value of construction work to $53,926.2M.

Despite the quarterly fall in construction value, the annual change in construction work has risen by 3.5%.

Building work comprises over half of the current value of construction work, valued at $30,438.8M after falling by -0.9%.

Value of construction work done

value of construction work
Source: ABS

Residential work observed no change remaining at $18,768.8M, while residential work declined by -2.2% to a value of $11,670.0M.

Engineering work was the only construction type to increase in the September quarter, rising by 0.4% to $23,487.5M.

Despite most construction types experiencing a quarterly decrease, most have seen an annual increase with the exception of non-residential work which has fallen by -2.4%.

NSW, WA and ACT biggest culprits

The total national fall in construction work can be attributed to declines in New South Wales, Western Australia and the Australian Capital Territory.

The value of construction activity in the Australian Capital Territory fell by the most significant figure of -15.5%, bringing the value to $777.8M.

New South Wales followed with a decrease of -8.1% and Western Australia trailed behind, falling -3.2%.

Value of construction work done, seasonally adjusted chain volume measures

value of construction work states
Source: ABS

All other states and territories increased in the value of construction work, however were not significant enough to outweigh the falls in the other three states.

The Northern Territory rose by an impressive 11.4%, though still recording the smallest value of any state or territory at $666.8M.

Victoria and Queensland performed similarly with an increase of 5.8% and 5.5% respectively.

Annually, most states and territories have recorded an increase in the value of construction work.

The exceptions to the trend are New South Wales and the Australian Capital Territory, declining -6.1% and -16.3% respectively.

You May Also Like

Australian building costs have continued to soar, but has your insurance cover kept pace?

MCG Quantity Surveyors analysis found underinsurance could cost homeowners over $100K to replace a property, with the issue even more profound in the commercial property sector.

When will Australian property prices fall? One major challenge continues to prop prices up

Property prices are up by over 35% across the country since Covid, and while not the same story in each city, that’s little solace to prospective buyers pulling their hair out.

A window of opportunity could be open for savvy Australian property investors, but time is ticking

One expert has noticed investors are on the move while there’s less competition and fewer buyers in the marketplace.

Why Aussie property buyers aren’t waiting for rate cuts anymore

A surge in home loans shows buyers aren’t waiting for interest rates to drop before taking the plunge.