The measure used for analysis was the total real value of residential, commercial and engineering work completed in
seasonally adjusted terms in the June quarter.
In five of the eight states and territories, construction work in the June quarter was higher than the decade average, up from four economies in the previous quarter.
South Australia remains on top
South Australia has retained top spot for construction work done. In South Australia, construction work done
is 16.0 per cent above its decade average, ahead of Victoria (up 13.7 per cent).
Tasmania comes next with work done 11.1 per cent above the decade average, ahead of the ACT (up 6.5 per cent) and
NSW (up 3.1 per cent).
At the lower end of the scale, the Northern Territory construction work done in the June quarter was 53.7 per cent
below the decade-average.
Top Australian Brokers
- eToro - market-leading social trading platform - Read our review
- IG - Extensive product array and user-friendly platforms - Read our review
- IC Markets - experienced and highly regulated - Read our review
- Avatrade - powerful trading tools - Read our review
Next lowest was Western Australia with construction work down 39.2 per cent on the decade average, behind Queensland (down 19.1 per cent).
Only the ACT (up 8.0 per cent) and the Northern Territory (up 5.5 per cent) posted stronger construction work in real terms in the June quarter.
The Northern Territory leads annual growth
In terms of annual growth rates, three economies had construction work higher than a year ago. The Northern
Territory was the strongest performer with construction work 20.2 per cent higher than a year earlier.
Construction activity in the ACT was up by 5.8 per cent on a year ago, ahead of Victoria (up 0.2 per cent) and South
Australia (down 2.4 per cent).
At the other end of the scale, construction work was lower than a year ago in Western Australia (down 11.2 per cent), behind Tasmania (down 8.3 per cent), NSW (down 4.2 per cent) and Queensland (down 3.8 per cent).
Originally published by Craig James, Chief Economist and Ryan Felsman, Senior Economist – CommSec
