SunshineCoastRegionalReport2ndQtr2004

                                    Residential building activity in Caloundra
DWELLING INVESTMENT                 City contracted in the June Quarter 2004,
BUILDING APPROVALS – CALOUNDRA CITY with the number and value of approvals
                                    trending lower.




                                                Quarterly Growth in Dwelling Approvals
                                                                      Caloundra City LGA
                          125
                                                   New Houses (LHS)       Total Dw ellings (LHS)           Other Dw elling Units (RHS)
                                                                                                                                           900    Residential building activity in Caloundra City fell significantly (down
                          100
                                                                                                                                           750    41.6%) in the June Quarter 2004 compared to the March Quarter 2004
                                                                                                                                           600    result. This was driven by a 50.8% fall in new house approvals, and a
                              75
                                                                                                                                                  21.7% reduction in other dwellings. Overall, there were 339 new
 quarterly % change




                                                                                                                                           450

                              50                                                                                                           300    residential buildings approved in the June Quarter 2004.
                              25                                                                                                           150

                                                                                                                                           0
                               0
                                                                                                                                           -150
                              -25
                                                                                                                                           -300

                              -50                                                                                                          -450
                                       Jun-02             Dec-02               Jun-03                 Dec-03                   Jun-04




                                                Annual Growth in Dwelling Approvals
                              600
                                                                   Caloundra City LGA                                                     3,000
                                                New Houses (LHS)         Total Dw ellings (LHS)            Other Dw elling Units (RHS)            Residential building approvals in Caloundra City were also 12.6% lower
                              500                                                                                                         2,500
                                                                                                                                                  in the June Quarter 2004 when compared to the June Quarter 2003, driven
 annual % change, quarterly




                              400                                                                                                         2,000   by the number of new house approvals falling by 38.5%.
                              300                                                                                                         1,500


                              200                                                                                                         1,000


                              100                                                                                                         500


                                   0                                                                                                      0


                        -100                                                                                                            -500
                           Jun-01                Dec-01        Jun-02         Dec-02              Jun-03           Dec-03          Jun-04




                                            Value of Residential Building Approvals
                      $ million
                                                                   Caloundra City LGA
              130
                                                    New Houses        Other Dwelling       Alterations & Additions
                                                                                                                                                  The total value of Caloundra City dwelling approvals was $88.3 million in
              120
              110
                                                                                                                                                  the June Quarter 2004, an increase of 23.2% when compared to the June
              100                                                                                                                                 Quarter 2003. However, the value of dwelling approvals was 23.2% lower
                              90
                              80
                                                                                                                                                  than the record level recorded in the March Quarter 2004.
                              70
                              60
                              50
                              40
                              30
                              20
                              10
                              0
                                   Jun-00                 Jun-01                 Jun-02                       Jun-03                     Jun-04

Source: ABS 8731.3




©0, Sunshine Coast Regional Economy, Second Quarter 2004                                                                                                                                                           - 25 -