SunshineCoastRegionalReport2ndQtr2004

COMMERCIAL BUILDING INVESTMENT
OVERVIEW



BUILDING INVESTMENT OVERVIEW

The value of non-residential building approvals on the Sunshine Coast weakened in the June Quarter 2004
to be at $25.1 million, due to a contraction in the Caloundra City and Noosa Shire markets over the quarter.
    Driven by the significant reduction in the three months to June, the value of non-residential building
 approvals in was also lower when compared to the June Quarter 2003. Looking ahead, rising interest rates
                             are expected to somewhat dampen investor sentiment.

                                                                   Business Investment
                                                                                   Value ($’000) % change % change
                                             VALUE OF NON-RESIDENTIAL BUILDING
                                                                                        June-04 on Mar-04 on Jun-03

                                             Caloundra City                                          7,887      -75.9     -47.4
                                             Maroochy Shire                                         17,239      150.1     -65.4
                                             Noosa Shire                                                 0     -100.0    -100.0

                                             Sunshine Coast Region                                  25,126      -42.5     -69.0

                                             Source: ABS 8731.3




                     Value of Building Approvals
  $ million
                            Sunshine Coast Region
  350
                                    Non-Dwelling   Dwelling                      The value of non-residential investment on the Sunshine Coast weakened
  300                                                                            in the June Quarter 2004, declining by 42.5%, to be at $25.1 million.
  250                                                                            Driven by the quarterly decline, the value of non-residential investment
                                                                                 was 69.0% lower than that recorded in the June Quarter 2003.
  200


  150


  100


   50


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




              Value of Non-Residential Building Approvals
  $ million
  90
                            Sunshine Coast Region                                The value of non-residential building activity in the June Quarter 2004
  80
                                Caloundra   Maroochy   Noosa                     was highest in the Maroochy Shire at $17.2 million, an increase of
  70
                                                                                 150.1% when compared with the previous quarter, although a 65.4%
                                                                                 decrease in annual terms. Caloundra City recorded non-residential
  60
                                                                                 investment of $7.9 million, representing a 75.9% decline in quarterly
  50
                                                                                 terms, and a 47.4% decline in annual terms. There was no non-residential
  40
                                                                                 investment in Noosa Shire in the June Quarter 2004.
  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                                                                                         - 29 -