SunshineCoastRegionalReport2ndQtr2004

                                                                                                                                                             Despite the lower number of residential
DWELLING INVESTMENT                                                                                                                                          buildings approved in the Maroochy Shire,
                                                                                                                                                             the total value of approvals increased.
BUILDING APPROVALS – MAROOCHY
SHIRE


                                            Quarterly Growth in Dwelling Approvals
                              120
                                                                 Maroochy Shire LGA                                                    1,200

                              100
                                              New Houses (LHS)        Total Dw ellings (LHS)        Other Dw elling Units (RHS)        1,080
                                                                                                                                               Residential building activity in Maroochy Shire fell in the June Quarter
                                                                                                                                       960
                               80                                                                                                      840     2004, recording a 3.7% decrease in the total number of residential
                               60
                                                                                                                                       720     building approvals when compared to the March Quarter 2004. This result
 quarterly % change




                                                                                                                                       600
                               40                                                                                                      480
                                                                                                                                               was driven by the reduction in new house approvals (down 6.5%).
                               20                                                                                                      360     Overall, there were 575 new residential building approvals in the June
                                0
                                                                                                                                       240     Quarter 2004 in the Maroochy Shire.
                                                                                                                                       120
                              -20                                                                                                      0
                                                                                                                                       -120
                              -40
                                                                                                                                       -240
                              -60                                                                                                      -360
                                     Jun-02             Dec-02               Jun-03                Dec-03                  Jun-04




                                                Annual Growth in Dwelling Approvals
                                                                  Maroochy Shire LGA
                              300
                                              New Houses (LHS)        Total Dw ellings (LHS)            Other Dw elling Units (RHS)
                                                                                                                                       1,400
                                                                                                                                               In annual terms, residential building approvals in Maroochy Shire
                                                                                                                                       1,200   decreased by 19.8% in the June Quarter 2004. Over the period, there was
                              200                                                                                                      1,000   a fall in both the number of new houses approved (down 12.2%) and the
 annual % change, quarterly




                                                                                                                                       800
                                                                                                                                               number of other dwellings approved (down 27.4%).
                              100                                                                                                      600

                                                                                                                                       400

                               0                                                                                                       200

                                                                                                                                       0

                   -100                                                                                                              -200
                      Jun-01                   Dec-01        Jun-02         Dec-02             Jun-03           Dec-03          Jun-04




                                            Value of Residential Building Approvals
                       $ million
                                                                 Maroochy Shire LGA                                                            Despite the lower number of building approvals in the June Quarter 2004,
              180
                                                   New Houses      Other Dwelling        Alterations & Additions                               the total value of residential building approvals in Maroochy Shire
              160
                                                                                                                                               climbed by 23.9% to be $160.9 million. This result indicates that the
              140
                                                                                                                                               average value of residential buildings approved increase significantly in
              120
                                                                                                                                               the period.
              100

                              80

                              60

                              40

                              20

                               0
                                   Jun-00     Dec-00    Jun-01    Dec-01       Jun-02          Dec-02      Jun-03      Dec-03         Jun-04

Source: ABS 8731.3




©0, Sunshine Coast Regional Economy, Second Quarter 2004                                                                                                                                                        - 26 -