SunshineCoastRegionalReport2ndQtr2004

                                                                                                                                                                  Despite strong growth in the number of new
DWELLING INVESTMENT                                                                                                                                               houses approved in the June Quarter 2004,
                                                                                                                                                                  the total number of residential building
BUILDING APPROVALS – NOOSA SHIRE                                                                                                                                  approvals fell due to a complete absence of
                                                                                                                                                                  other building approvals.


                                            Quarterly Growth in Dwelling Approvals
                              75
                                                                   Noosa Shire LGA                                                        300
                                                New Houses (LHS)        Total Dw ellings (LHS)        Other Dw elling Units (RHS)
                                                                                                                                          250
                                                                                                                                                 The number of dwellings approved in Noosa Shire fell by 4.3% to 135
                              50
                                                                                                                                          200
                                                                                                                                                 approvals in the June Quarter 2004. The result was driven by a significant
                                                                                                                                          150
                                                                                                                                                 decline in other dwelling approvals, which offset a 27.4% increase in new
 quarterly % change




                              25                                                                                                                 house approvals.
                                                                                                                                          100

                                                                                                                                          50
                                  0
                                                                                                                                          0

                                                                                                                                          -50
                              -25
                                                                                                                                          -100

                              -50                                                                                                         -150
                                       Jun-02             Dec-02               Jun-03                  Dec-03                 Jun-04




                                                 Annual Growth in Dwelling Approvals
                                                                        Noosa Shire LGA
                              150
                                                New Houses (LHS)          Total Dw ellings (LHS)            Other Dw elling Units (RHS)
                                                                                                                                          500
                                                                                                                                                 In annual terms, total residential building approvals in Noosa Shire were
                                                                                                                                          400
                                                                                                                                                 12.3% lower when compared with the June Quarter 2003. Again, the
                              100
                                                                                                                                                 reduction in other dwelling approvals drove the fall, offsetting a 32.4%
 annual % change, quarterly




                                                                                                                                          300    increase in new house approvals.
                                  50

                                                                                                                                          200

                                  0
                                                                                                                                          100

                              -50
                                                                                                                                          0


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




                                                      Value of Building Approvals
              $ million
                                                                   Noosa Shire LGA
              50

              45
                                                   New Houses      Other Dwelling         Alterations & Additions
                                                                                                                                                 As shown in the figure opposite, there was a significant increase in the
              40                                                                                                                                 value of new houses approved in the Noosa Shire in the June Quarter
              35                                                                                                                                 2004 in both quarterly and annual terms. However, the absence of any
              30                                                                                                                                 other residential building approvals or alteration and additions meant that
              25                                                                                                                                 overall the value of total residential building approvals fell by 7.7% over
              20                                                                                                                                 the quarter to $43.8 million
              15

              10

                              5

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

Source: ABS 8731.3




©0, Sunshine Coast Regional Economy, Second Quarter 2004                                                                                                                                                            - 27 -