Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 A report for the DEPARTMENT OF HOUSING AND PUBLIC WORKS Prepared by the National Institute of Economic and Industry Research (NIEIR) ABN: 72 006 234 626 416 Queens Parade, Clifton Hill, Victoria, 3068 Telephone: (03) 9488 8444; Facsimile: (03) 9482 3262 Email: [email protected] April 2016 PJB1192-QDH&PW-March 2016 quarterly/QldDPW/2016/March While the National Institute endeavours to provide reliable forecasts and believes the material is accurate it will not be liable for any claim by any party acting on such information. Contents Page no. 1. 2. Introduction 1 1.1 1.2 1.3 1 1 2 Revisions to data and price base The world, Australian and Queensland economies Queensland construction forecasts Private residential construction 7 2.1 7 Dwelling investment 3. Non-residential building 13 4. Engineering construction 18 5. Total construction activity and the regional pattern 21 6. Prices and labour shortages 24 7. The regional dimension 26 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 26 26 27 28 28 28 29 29 30 Appendix A: Regional construction activity profile – Brisbane Regional construction activity profile – Gold Coast Regional construction activity profile – Sunshine Coast Regional construction activity profile – West Moreton Regional construction activity profile – Darling Downs Regional construction activity profile – Northern region Regional construction activity profile – the Far North region Regional construction activity profile – Wide Bay Burnett region Regional construction activity profile – Fitzroy region Detailed tables – 2010.3 to 2017.2 38 List of tables Page no. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. A.1 A.2 A.3 A.4 A.5 A.6 A.7 A.8 A.9 A.10 A.11 Queensland construction industry – real quarterly price growth Contribution to growth Total construction – average annual growth rates by Queensland regions Drivers of construction growth by Queensland region 2013-2017 Queensland construction – Annual growth and % contribution to construction activity by major construction segment Queensland population by region Value of work done: Residential new construction (including major additions) by region Value of work done: Residential other renovations by region Value of work done: Private residential building by region Value of work done: Non-residential building by region Value of work done: Total engineering construction activity by region Value of work done: Total construction activity by region ($ million) Value of work done: Total construction activity by region Queensland construction industry – real quarterly price growth at annual rates Shortage of construction labour by Queensland region Formation of construction in Brisbane Formation of construction in Gold Coast Formation of construction in Sunshine Coast Formation of construction in West Moreton Formation of construction in Wide Bay Burnett Formation of construction in Darling Downs Formation of construction in South West Formation of construction in Fitzroy Formation of construction in Central West Formation of construction in Mackay Formation of construction in Northern Formation of construction in Far North Formation of construction in North West Formation of construction in Queensland 4 5 5 5 10 11 12 17 20 22 23 25 25 31 31 32 32 33 33 34 34 35 35 36 36 37 37 Private dwelling value of work done: new construction (including alterations and additions) Private dwelling: other value of work done Private dwelling: total value of work done Private non-residential building value of work done Public non-residential building value of work done Total non-residential building value of work done Public sector engineering value of work done Private sector engineering value of work done Total engineering value of work done Public dwelling value of work done Total construction: value of work done 39 40 41 42 43 44 45 46 47 48 49 6 6 List of figures Page no. 1. Queensland dwelling – new construction approvals 8 2. Queensland established house prices 8 3. Queensland housing rental vacancy rate 9 4. Queensland – new dwellings 9 5. Queensland non-residential projects under construction, committed and under consideration 14 6. Queensland non-residential building approvals and work done 14 7. Queensland private non-residential building 15 8. Queensland public non-residential building 15 9. Queensland total non-residential building construction approvals 16 10. Queensland engineering projects under construction, committed and under consideration 19 11. Queensland total engineering – work yet to be done 19 12. Queensland total construction activity and Queensland construction industry 24 1. Introduction This update is for the March quarter 2016. There is a complete set of data available for the December quarter 2015 for all building data and Engineering construction data. All years are in fiscal years so, for example, 2015 would refer to the 2014-15 fiscal year. 1.1 Revisions to data and price base It should not be assumed that just because the data is available to the December quarter that this will represent the final estimate. Preliminary estimates are continually being revised, especially over the next two to three quarters and, from time to time, the historical data can be significantly revised. It should also be noted that the price base is the 2013-14 year. 1.2 The world, Australian and Queensland economies The latest updates of the world economic outlook bring one to two year ahead projections in line with what has been assumed in these reports over the past year. That is, a growth outlook of around 3% per annum or less. The factors explaining this subdued outlook have been explained in these pages a number of times and are largely due to the consequences of, and the response to, the GFC. They include: (i) political/ideological (not economic) constraints on the use of fiscal policy to drive demand; (ii) the introduction of, and the withdrawal from, quantitative easing triggering firstly capital outflow to emerging economies and then (as is currently happening) a capital outflow from emerging markets. This is currently having negative implications for emerging market growth rates with the most impacted country at this stage being Brazil; (iii) the scale of excess liquidity in the US banking system will force rises in interest rates out of all proportion to the state of the economy; and (iv) the shifting of the Chinese growth drivers from export expansion to import replacement reducing its dependence on world supply chains and thereby reducing the potential growth rates in the economies which have most heavily relied on China for export demand. Also unchanged from the view adopted in these reports over the last year is the outlook for the Australian economy. This is for a growth rate of 2.6% per annum over the next 18 months to 2 years. Acceleration in private consumption expenditure to around 3% per annum in dwelling construction will be offset by falls in mining investment. However, the contribution of private consumption expenditure and government consumption expenditure to economic growth will be 40% or 50% below the contribution over the 2000 to 2012 period. This is due to household debt saturation and high, by recent historical standards, public sector deficits. The positive contribution of dwelling investment to economic growth will end in 2017 and the contribution of total private investment will be near zero (that is, growing in line with GDP growth) for the post-2018 period. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 1 The main driver of growth will be net exports flowing from the production flow-on effect from the recent mining boom and the general expansionary effects of a low exchange rate. However, the stimulatory effects of a low exchange is likely to be considerably less than what Australian policy authorities currently expect. Population growth will slow to between 1.3% and 1.4% per annum as foreign immigration is cut back to 200,000 per year as a result of the lagged response to the relatively high unemployment rates of the recent past. For the 2014-15 fiscal year, the growth rate in Queensland’s gross state product was 0.5%. The recent indicators suggest that between the June and December quarters there will be a 2% growth in the economy, partly as a result of the realisation of the long predicted, in these reports, recovery in dwelling construction. Nevertheless, the outlook for the Queensland economy over the next two years is for a growth of between 2.0% and 2.5%. The fall in private investment from the scaling back in LNG and coal investment will make a significant negative contribution to economic growth. 1.3 Queensland construction forecasts Based on the latest data, total Queensland construction activity decreased by 21.8% over 2015. In the December quarter 2015 Queensland construction expenditure declined by 1.6% compared to the September quarter 2015 there had been almost no growth in the September quarter. The last quarter to exhibit significant positive growth was the September 2013 quarter. The projection for the March quarter 2016 indicates total construction expenditure of $11.4 billion, an increase of 4% compared to the December quarter 2015. The sector breakdown of growth in expenditure for the March 2016 quarter compared to the December quarter 2015 is that Residential construction increases by 4.8%, non-residential construction expenditure declines by 8.5% and engineering construction increases by 7.5%. The projection for the June quarter 2016 shows residential construction growing at 4.0%, non-residential construction declines at 6.1% and engineering construction increases by 2.4%. Non-residential expenditures are projected to decline by $200 million over 2016, for 2017 nonresidential expenditures remains steady compared to 2016. For private residential construction an increase of $2.7 billion in 2016 is followed by a further increase of $1.1 billion in 2017. An $8 billion decrease in engineering construction expenditure for 2016 is followed in 2017 by an increase of $2 billion. Over the 2016 fiscal year Queensland construction activity is projected to decline by $5.5 billion. This will be partially offset with a $3.0 billion rise in the level of construction activity in 2017. The average annual growth rate for total construction from 2013 to 2017 is projected at a decline of 6.1%, significantly lower than the average annual growth of 6.0% for the 1993 to 2012. Compared to the previous report there is a 0.3% downward revision to the level of Queensland construction activity in 2016, this was partially due to an upward revision in the ABS figures for dwelling investment and non-residential construction for the September 2015 quarter, off-setting a downward revision in regard to engineering construction. There is a 1.5% downward revision to the level of construction activity in 2017, whilst the overall change in the growth rates over 2016 and 2017 is a downward revision of 1.9%. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 2 Table 2 outlines the contribution of the various construction sectors to construction growth. The main driver for construction decline over 2015 was engineering construction with a $14.7 billion decrease in expenditure. This represents 104% of total construction decline. Dwellings increase total construction expenditure by just under $1.3 billion and Non-residential construction decreased total construction growth by almost $0.7 billion in 2015. In 2016 dwelling construction increases total construction by $2.7 billion whilst engineering construction reduces total construction by $8 billion. For 2017 dwelling construction contributes over $1.1 billion to total construction growth whilst engineering construction has a positive contribution of $2.0 billion, resulting in a total increase of $3.0 billion in 2017 Construction prices increased by 0.9% over the December quarter 2015. Prices will not vary much over the remainder of 2016. From September 2016 prices are projected to increase by an average of just 0.2% per quarter through to the end of the projection period. Construction prices for housing decreased by 0.1% for the September quarter 2015 and rose by 0.8% for the December quarter 2015. Over the projection period prices for residential construction will rise by an average of 0.4%. Nonresidential construction prices increased by 0.9% for the December quarter 2015, the average decline in non-residential prices over the projection period is 0.1%. Engineering construction prices declined in the December quarter 2015 by 1.2%, on average over the projection period a slight decline of 0.1% is projected. Queensland population has been growing at an average of 18,500 persons per quarter over the last five years. In contrast over the last 10 years quarterly growth has been in the order of 21,300 persons. Current Queensland Government projections are for an average of 23,000 persons per quarter over 2016 and 2017. Queensland population is projected to grow by 1.8% from June 2016 through to June 2017. The fastest growing regions are Gold Coast Sunshine Coast, Fitzroy and Mackay and Northern all at over 2%. However the regions with the largest increase are Brisbane with 43,000 and Gold Coast with a 13,000 increase in population from 2016 to 2017. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 3 Table 1 Queensland construction industry – real quarterly price changes (%) 2014-15 Sep. 2014-15 Dec. 2014-15 Mar. 2014-15 Jun. 2015-16 Sep. 2015-16 Dec. 2015-16 Mar. 2015-16 Jun. 2016-17 Sep. Actual 2016-17 Dec. 2016-17 Mar. 2016-17 Jun. Forecast Houses 0.9 0.7 0.9 0.2 -0.1 0.8 0.4 0.5 0.5 0.4 0.3 0.1 Non-residential building 2.6 0.2 1.7 -0.4 -0.5 0.9 0.2 0.0 -0.7 -0.8 -0.1 0.6 Engineering 0.8 -1.0 0.9 1.1 -0.3 1.2 -1.6 -0.8 0.1 0.4 0.6 0.5 Total 1.2 0.1 1.0 0.3 -0.2 0.9 -0.2 0.0 0.1 0.2 0.3 0.4 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 4 Table 2 Contribution to growth Change $m 2013-14 2014-15 2015-16 2016-17 Contribution to growth % 2013-14 2014-15 2015-16 2016-17 Table 3 Dwelling Non-residential Engineering Total 665 1288 2714 1072 307 -702 -195 -55 1780 -14703 -8044 1920 2806 -14136 -5510 2986 24 -9 -49 36 11 5 4 -2 63 104 146 64 100 100 100 100 Total construction – average annual growth rates by Queensland regions 1994-2013 Brisbane Gold Coast Sunshine Coast West Moreton Wide Bay/Burnett Darling Downs South West Fitzroy Central West Mackay Northern Far North North West Queensland Table 4 2013-2017 3.4 2.2 1.8 2.6 1.8 9.4 19.8 13.7 8.5 12.8 5.0 1.2 10.5 6.1 0.8 7.0 6.1 -3.3 -6.7 -17.6 -42.2 -5.3 -26.2 -28.2 -9.6 -0.6 -14.1 -6.1 Drivers of construction growth by Queensland region 2013-2017 (average annual $m change for span years) Brisbane Gold Coast Sunshine Coast West Moreton Wide Bay/Burnett Darling Downs South West Fitzroy Central West Mackay Northern Far North North West Queensland Dwelling 453 230 110 8 4 -7 1 14 -1 -9 26 44 3 876 Non-residential -197 65 17 -1 10 18 -1 -33 -1 -11 -70 -57 -4 -264 Engineering -916 -143 -161 -24 -83 -400 -597 109 -26 -429 -115 -58 -67 -2911 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Total -660 151 -34 -17 -68 -389 -597 90 -28 -449 -159 -71 -68 -2299 55 5 Table 5 Queensland construction – Annual growth and % contribution to construction activity by major construction segment 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dwellings Total non-residential building Total engineering construction 18.3 -4.4 16.7 8.6 10.3 -4.0 5.9 5.8 20.9 2.8 24.6 28.3 5.4 16.4 20.4 -0.7 5.1 22.3 -8.1 8.6 19.0 -1.3 4.2 -5.1 -8.2 6.3 22.0 -7.1 -9.7 44.6 -9.3 -9.0 12.3 5.1 4.5 4.3 8.5 -9.9 -34.3 16.9 -3.0 -28.6 5.9 -0.9 9.6 Total construction 14.1 5.2 9.9 13.3 12.0 8.4 5.4 -2.2 7.5 18.4 4.0 4.5 -21.8 -10.9 6.6 Contribution to total construction growth Dwellings 10.4 Total non-residential building -0.6 5.1 1.5 3.3 0.8 1.4 3.7 2.6 2.6 -0.3 0.8 -3.1 1.3 -0.5 0.7 -2.7 1.0 -1.9 -1.2 -2.1 -1.0 1.2 0.5 2.7 -1.2 7.1 -0.4 2.5 -0.1 -1.1 6.2 9.4 7.3 9.0 8.7 -2.2 11.0 27.3 8.1 2.9 -19.0 -12.7 4.4 Annual percentage rate of change Total engineering construction Table 6 4.9 Queensland population by region (‘000) 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 2236 554 340 2249 558 342 2261 561 344 2274 565 346 2287 568 348 2298 571 350 2308 574 352 2319 578 353 2330 581 355 West Moreton Wide Bay/Burnett 103 290 103 291 104 292 104 293 105 294 105 295 106 296 106 297 107 298 Darling Downs South West Fitzroy 245 27 236 245 27 237 246 27 239 247 27 240 248 27 241 248 27 242 249 27 244 249 27 245 250 27 246 Central West Mackay 12 183 12 184 12 185 12 186 12 186 12 187 12 188 12 189 12 190 Northern Far North North West 239 278 35 240 279 35 241 280 35 242 281 35 243 282 36 244 283 36 245 284 36 247 285 36 248 286 36 Queensland 4779 4803 4828 4853 4878 4900 4922 4944 4966 Brisbane Gold Coast Sunshine Coast Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 6 2. Private residential construction 2.1 Dwelling investment The latest data indicates that for 2015 total private Queensland residential construction activity increased by 8.7%. For 2014 private dwelling investment growth rate was 4.7%. In contrast the previous two years 2012 and 2013 averaged a decline in private dwelling expenditure of 6.9%. For the September quarter 2015 private dwelling expenditure increased by 5.6% over the June quarter 2015. The September quarter level was $4.4 billion, this is $544 million higher than for the same quarter in 2014. For December quarter 2015 there was an increase of 4.7% compared to the September quarter. The value of private dwelling expenditure in the September quarter was just under $4.6 billion. In 2016 total private dwelling activity is projected to exhibit growth of 16.9%. This is followed in 2017 with growth of 5.7%. The Reserve Bank has again left the cash rate target at 2%. These low rates and pent-up demand from historical population growth are driving the current growth in private dwelling expenditure. There is an upward revision in projected level of dwelling activity in Queensland for 2017 of 1.5%. For the projection years 2016 and 2017 the growth rate Queensland dwelling activity has been revised upwards by 1.7%. In the September quarter 2015 new private dwelling construction increased by 5.2% compared to the June quarter 2015, however when compared to the level for September 2014 new private dwelling construction has increased by 16%. For the December quarter new private construction increased by 7.8%. Other work done grew by 6.5% for the September quarter and decreased by 1.4% for the December quarter 2015. Overall for 2015 other work done showed growth of just 0.9% and the outlook for 2016 is growth for renovation expenditures of 11% and for 2017 continued growth of 6.3% is projected. The profile for new dwelling construction shows growth of 19.9% for 2016. The strong growth of 44% in dwelling approvals over the March quarter 2015 has not been sustained the June quarter showed a decline of 18.5% and the September quarter approvals grew at 5.9%, December quarter approvals declined by 7.7% the outcome from this oscillating approvals profile is growth in new private dwelling expenditure of 5.5% for 2017. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 77 Figure 1: Queensland dwelling – new construction approvals Figure 2: Queensland established house prices Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 88 Figure 3: Queensland housing rental vacancy rate Figure 4: Queensland – new dwellings Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 99 Table 7 Value of work done: Residential new construction (including major additions) by region– chain volume measure 2012-13 reference year ($ million) 2014-15 Sep. 2014-15 Dec. 2014-15 Mar. 2014-15 Jun. 2015-16 Sep. 2015-16 Dec. 2015-16 Mar. 2015-16 Jun. 2016-17 Sep. Actual Brisbane 2016-17 Dec. 2016-17 Mar. 2016-17 Jun. Annual growth rate 2015-16 2016-17 Forecast 1349 1377 1631 1615 1720 1864 1909 1938 1799 1818 1779 1730 24.4 -4.1 Gold Coast 259 258 317 315 359 425 457 484 466 486 490 488 50.2 11.8 Sunshine Coast 212 217 254 241 253 271 290 305 292 304 306 304 21.1 7.9 West Moreton 42 41 45 41 41 43 48 53 52 56 58 59 9.1 22.5 Wide Bay/Burnett 95 92 102 93 94 98 108 116 112 117 117 116 8.9 10.9 118 111 119 106 105 106 113 118 111 114 112 110 -2.9 1.3 7 6 7 6 5 5 6 7 7 8 9 9 -10.7 43.6 139 109 100 77 67 62 86 109 119 137 148 155 -23.7 72.2 1 1 2 2 2 1 2 2 3 3 4 4 13.9 102.9 Mackay 130 99 87 67 57 51 63 73 76 84 88 91 -36.2 38.7 Northern 114 109 119 105 101 96 113 127 129 140 145 148 -2.2 28.3 Far North 74 71 81 80 86 94 111 126 127 138 142 144 36.7 32.1 North West 6 5 4 3 3 2 4 5 6 7 7 8 -25.2 108.1 Queensland 2548 2496 2867 2751 2893 3118 3310 3463 3299 3412 3405 3365 19.9 5.5 Darling Downs South West Fitzroy Central West Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 10 Table 8 Value of work done: Residential other renovations by region – chain volume measure 2012-13 reference year ($ million) 2014-15 Sep. 2014-15 Dec. 2014-15 Mar. 2014-15 Jun. 2015-16 Sep. 2015-16 Dec. 2015-16 Mar. 2015-16 Jun. 2016-17 Sep. Actual 2016-17 Dec. 2016-17 Mar. 2016-17 Jun. Annual growth rate 2015-16 2016-17 Forecast Brisbane 557 568 605 610 652 645 662 678 692 705 717 728 12.7 7.8 Gold Coast 211 213 225 226 239 235 240 244 248 251 255 258 9.6 5.5 Sunshine Coast 135 137 145 146 155 152 155 158 160 163 165 167 10.1 5.4 West Moreton 23 24 25 25 27 26 27 27 28 28 29 29 10.1 5.4 Wide Bay/Burnett 71 72 76 76 81 79 80 81 82 83 84 85 9.0 4.1 Darling Downs 47 48 51 51 55 54 55 56 57 58 59 59 11.3 5.8 5 5 5 5 6 6 6 6 6 6 6 6 11.6 6.7 51 52 55 55 59 58 58 59 60 61 62 63 9.8 5.1 2 2 2 2 2 2 2 2 2 2 2 2 10.3 7.0 Mackay 49 50 53 53 56 55 56 57 57 58 59 59 9.4 3.8 Northern 61 62 66 66 70 69 70 71 72 73 74 75 9.9 5.0 Far North 71 71 75 75 80 78 79 80 82 82 83 84 8.6 4.4 North West 2 2 2 2 2 2 2 2 2 2 2 3 9.9 5.8 Queensland 1284 1305 1386 1393 1483 1462 1493 1523 1549 1573 1597 1618 11.0 6.3 South West Fitzroy Central West Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 11 Table 9 Value of work done: Private residential building by region – chain volume measure 2012-13 reference year ($ million) 2014-15 Sep. 2014-15 Dec. 2014-15 Mar. 2014-15 Jun. 2015-16 Sep. 2015-16 Dec. 2015-16 Mar. 2015-16 Jun. 2016-17 Sep. Actual Brisbane 2016-17 Dec. 2016-17 Mar. 2016-17 Jun. Annual growth rate 2015-16 2016-17 Forecast 1906 1945 2236 2225 2372 2509 2571 2615 2491 2522 2497 2458 21.1 -1.0 Gold Coast 469 471 542 541 598 661 697 728 713 738 744 746 32.6 9.6 Sunshine Coast 347 354 399 387 408 423 445 463 453 467 471 471 16.9 7.0 West Moreton 66 64 70 66 68 69 75 80 80 84 87 88 9.5 16.2 Wide Bay/Burnett 166 164 178 169 174 177 189 197 194 200 201 201 9.0 7.9 Darling Downs 165 159 170 158 159 160 168 174 168 171 171 169 1.4 2.8 12 11 12 11 11 10 12 13 13 14 15 15 -0.9 25.4 190 160 155 132 126 119 145 168 179 198 210 218 -12.5 44.1 3 3 3 3 3 3 4 4 5 5 6 6 12.0 53.0 Mackay 179 149 140 120 114 106 119 130 133 142 147 150 -20.3 22.0 Northern 175 171 185 171 171 165 183 199 201 213 219 223 2.2 19.2 Far North 144 142 156 155 166 172 191 207 209 220 225 228 22.9 20.1 North West 8 7 7 5 5 4 6 7 8 9 10 10 -13.9 66.0 Queensland 3832 3801 4253 4144 4376 4580 4803 4985 4847 4985 5002 4983 16.9 5.7 South West Fitzroy Central West Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 12 3. Non-residential building Based on the most recent data for 2015, total Queensland non-residential construction activity declined by 9.9%. For the December quarter 2015 the level of activity for the total sector was 4.7% above the September quarter 2015, for the December quarter 2014 the decline was 5% when compared to September quarter 2014. September quarter 2015 was the first quarter since June 2014 in which non-residential construction activity increased. The short term outlook is one of continued low levels of non-residential building expenditure. This is indicated by the low levels of approvals in this sector. The value of Nonresidential approvals in the year to December 2015 was just over $6.3 billion. Two years ago the value for the year ended December 2013 was $8.1 billion. Queensland’s total non-residential building activity is projected to decline by 3.0% over 2016. Non-residential building expenditure in 2017 will be at similar levels to 2016. Revised estimates from the ABS indicate that private non-residential construction grew by 2.1% over the September quarter 2015, for the December quarter 2015 private non-residential building expenditure rose by 9.3%. Private sector non-residential construction expenditure will average $5.3 billion over the next two years to 2017. Public Sector non-residential construction expenditure was $970 million in 2015. For 2016 this is projected to fall by 14.0% to $830 million before increasing by 22% in 2017. The average expenditure over the next two years is just under $1 billion. There has been a downward revision to the level of non-residential total building activity of 0.5% in 2017. For the projection years 2016 and 2017 the growth rate for Queensland non-residential construction activity has been revised downwards by 0.7%. The timing of major projects that are currently committed and under consideration could alter the outcomes of these projections. Major projects currently under construction are; the $1.9 billion Sunshine Coast University Hospital in Moreton, the $1 billion ICON Ipswich - Ipswich CBD renewal in Brisbane, the $970 million Jewel development, Surfers Paradise in Moreton, and the $815 million Parklands Commonwealth Games Village construction, in Gold Coast. In real terms over the last six months the value of non-residential building projects under construction or committed have risen by 0.3% or $5 million, projects under consideration have risen by 7.5% or $43 million. Over the three months to December the value of non-residential projects listed as completed was $666 million. There were no new projects under construction, giving a net increase of $666 million in projects currently under construction. The major non-residential projects completed over the December quarter were the $179 million construction of the new regional cancer centres at Townsville, Rockhampton, Bundaberg, Hervey Bay and Toowoomba. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 13 Figure 5: Queensland non-residential projects under construction, committed and under consideration (at quarterly construction rates) – $ million Figure 6: Queensland non-residential building approvals and work done Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 14 Figure 7: Queensland private non-residential building Figure 8: Queensland public non-residential building Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 15 Figure 9: Queensland total non-residential building construction approvals Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 16 Table 10 Value of work done: Non-residential building by region – chain volume measure 2012-13 reference year ($ million) 2014-15 Sep. 2014-15 Dec. 2014-15 Mar. 2014-15 Jun. 2015-16 Sep. 2015-16 Dec. 2015-16 Mar. 2015-16 Jun. 2016-17 Sep. Actual 2016-17 Dec. 2016-17 Mar. 2016-17 Jun. Annual growth rate 2015-16 2016-17 Forecast Brisbane 856 906 927 937 938 919 813 767 777 829 853 867 -5.2 -3.2 Gold Coast 440 319 195 138 204 280 245 224 227 235 240 253 -12.8 0.2 Sunshine Coast 78 67 76 78 88 99 138 123 136 113 108 101 50.6 2.0 West Moreton 6 7 9 9 9 9 8 9 10 12 13 13 12.3 37.7 Wide Bay/Burnett 55 49 51 48 50 51 45 44 44 48 49 48 -6.7 -1.0 Darling Downs 85 98 103 84 92 89 77 74 73 79 79 74 -10.5 -8.1 7 9 7 5 6 7 6 6 6 7 7 7 -9.9 1.0 43 39 50 46 51 53 48 46 48 52 54 56 11.0 6.1 1 1 2 1 1 1 1 1 1 2 2 1 0.4 6.5 Mackay 61 52 40 39 45 54 49 45 47 49 51 56 0.4 5.2 Northern 44 48 65 65 63 59 53 52 54 61 63 62 1.9 5.9 Far North 41 36 33 39 40 40 37 37 38 44 47 47 3.0 15.1 North West 7 4 6 4 6 7 7 6 6 7 7 7 22.2 6.2 Queensland 1725 1638 1562 1493 1594 1668 1526 1434 1466 1536 1573 1592 -3.0 -0.9 South West Fitzroy Central West Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 17 4. Engineering construction Based on the latest data, total Queensland engineering construction activity decreased by 34.3% over the 2015 financial year. For 2016 it is projected that there will be a decline of 28.6% followed by growth of 9.6% in 2017. There is a downward revision in expenditure of 5% for 2017 compared to the level of activity expected in the previous bulletin. The growth rates for 2016 and 2017 were revised downwards by a cumulative 3.9%. The Gladstone LNG is now operational after approximately $19 billion of construction work, this is a large part of the $21 billion in construction projects that have finished recently. Just over $4.4 billion have moved to the construction phase. Mining leases have been approved for the Carmichael Coal project and Adani hope to resume construction in 2017, however further approvals are required before they can proceed and it is not likely that this deadline will be met, particularly as lower commodity prices across the mining sector in general and in particular coal mining are dampening investment. In the December quarter 2015 the level of private engineering construction expenditure was $3.9 billion. For the 2015 year there was a decline in private engineering expenditure of 36.2%. In 2015 public sector engineering expenditures declined by 18%. The profile over the next two years is one where private engineering expenditure is projected to decrease by 32.1% for 2016 and increase by 9.5% over 2017, and public sector engineering expenditure is projected to decrease by 4.8% over 2016 and increase by a further 9.7% over 2017. The major new projects that have moved into the construction phase are the $1.8 Byerwen Coal Project, in the Bowen Basin, the $32 million Mackay Substation Replacement and the $30 million Labrador-Carrara Road and Ashmore Road intersection upgrade. Some other major projects currently under construction are; the $25 billion ‘Australia Pacific LNG' at Gladstone, the $1.7 billion Grosvenor coking coal deposit near Moranbah and the $1.3 billion New Parallel Runway project at Brisbane Airport. In real terms over the last six months the value of engineering projects under construction or committed have declined by 40.3% or $4961 million, projects under consideration have declined by 0.9% or $71 million. The major engineering projects that have been completed or cancelled over the December quarter are; the $19 billion Gladstone LNG, and the $1 billion Moura Link-Aldoga Rail. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 18 18 Figure 10: Queensland engineering projects under construction, committed and under consideration (at quarterly construction rates) – $ million Figure 11: Queensland total engineering – work yet to be done Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 19 19 Table 11 Value of work done: Total engineering construction activity by region – chain volume measure 2012-13 reference year ($ million) 2014-15 Sep. 2014-15 Dec. 2014-15 Mar. 2014-15 Jun. 2015-16 Sep. 2015-16 Dec. 2015-16 Mar. 2015-16 Jun. 2016-17 Sep. Actual Brisbane 2016-17 Dec. 2016-17 Mar. 2016-17 Jun. Annual growth rate 2015-16 2016-17 Forecast 1574 1629 1337 1164 1079 887 930 1136 1031 1237 964 909 -29.3 2.7 Gold Coast 343 365 296 257 245 221 225 259 233 242 192 206 -24.7 -8.1 Sunshine Coast 239 260 220 204 191 156 170 184 168 180 146 153 -24.1 -7.6 West Moreton 73 69 62 62 57 42 46 53 46 41 30 26 -25.6 -27.8 Wide Bay/Burnett 75 129 135 141 107 72 55 51 49 47 40 51 -40.7 -33.8 Darling Downs 513 477 396 355 334 305 310 327 281 256 229 279 -26.7 -18.1 South West 511 425 331 272 275 233 227 212 150 64 53 60 -38.5 -65.4 3349 3005 2421 1985 1949 1594 1905 2098 2566 2654 3246 3358 -29.9 56.7 83 72 58 49 48 44 44 44 34 23 18 20 -31.2 -47.0 1144 791 604 498 445 797 783 409 336 284 231 230 -19.9 -55.6 Northern 238 268 233 220 205 147 147 168 149 152 118 130 -30.4 -17.6 Far North 169 181 156 149 138 116 122 131 123 123 99 105 -22.7 -11.3 North West 148 159 128 106 89 87 89 98 74 145 144 278 -33.1 76.5 Queensland 8460 7831 6377 5461 5162 4701 5052 5171 5241 5447 5512 5805 -28.6 9.6 Fitzroy Central West Mackay Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 20 5. Total construction activity and the regional pattern Total construction activity was $50.7 billion in the 2015 fiscal year and is projected to average $46.6 billion per annum over the next two years. Over 2016, total construction activity in Brisbane is projected to decline by 0.6%, another modest decline of 0.5% is projected for 2017. In the Gold Coast there is a projected 4.8% increase for 2016, followed by growth of 4.0% in 2017. For the Sunshine Coast growth of 6.7% over 2016 is followed by 2.6% over the following year. West Moreton shows an average annual decline of 3% for the next two years, while Wide Bay-Burnett is projected to decline on average 7.1% per annum over the next two years. The decline over the next two years for the Darling Downs averages 14.3%, whilst South West, Central West, Northern and Mackay regions are projected to exhibit a decline over the two fiscal years to 2017. The Fitzroy and Far North and North West regions are projected to average positive growth over the next two years. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 21 21 Table 12 Value of work done: Total construction activity by region – chain volume measure 2012-13 reference year ($ million) 2014-15 Sep. 2014-15 Dec. 2014-15 Mar. 2014-15 Jun. 2015-16 Sep. 2015-16 Dec. 2015-16 Mar. 2015-16 Jun. 2016-17 Sep. Actual 2016-17 Dec. 2016-17 Mar. 2016-17 Jun. Annual growth rate 2015-16 2016-17 Forecast Brisbane 4349 4487 4518 4344 4404 4326 4322 4533 4314 4605 4331 4251 -0.6 -0.5 Gold Coast 1253 1156 1035 939 1049 1163 1169 1214 1176 1217 1180 1208 4.8 4.0 Sunshine Coast 664 681 695 669 688 679 754 771 757 760 724 725 6.7 2.6 West Moreton 145 141 141 136 134 120 129 142 136 138 130 127 -6.9 1.0 Wide Bay/Burnett 297 342 363 359 332 301 288 292 288 295 291 299 -10.9 -3.4 Darling Downs 765 737 671 599 587 555 556 576 523 507 480 523 -18.0 -10.6 South West 531 445 350 288 292 251 245 231 170 85 74 82 -36.9 -59.7 3588 3212 2628 2164 2126 1767 2098 2314 2793 2905 3511 3632 -28.4 54.6 87 77 63 54 53 48 49 49 40 30 26 27 -28.7 -38.6 1385 993 784 658 605 958 950 584 516 476 429 435 -18.9 -40.1 Northern 459 490 484 460 444 378 391 425 410 433 408 423 -13.5 2.2 Far North 357 364 351 349 350 336 359 389 385 402 388 397 0.8 9.6 North West 164 171 141 117 101 100 103 114 91 164 164 299 -29.4 71.5 Queensland 14043 13297 12223 11137 11164 10983 11413 11631 11598 12014 12135 12429 -10.9 6.6 Fitzroy Central West Mackay Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 22 Table 13 Value of work done: Total construction activity by region – chain volume measure 2012-13 reference year – Qtr. 3 2014-15 = 100 2014-15 Sep. 2014-15 Dec. 2014-15 Mar. 2014-15 Jun. 2015-16 Sep. 2015-16 Dec. 2015-16 Mar. 2015-16 Jun. 2016-17 Sep. Actual Brisbane 2016-17 Dec. 2016-17 Mar. 2016-17 Jun. Forecast 96 99 100 96 97 96 96 100 95 102 96 94 121 112 100 91 101 112 113 117 114 118 114 117 Sunshine Coast 96 98 100 96 99 98 108 111 109 109 104 104 West Moreton 102 100 100 96 95 85 91 100 96 97 92 90 82 94 100 99 92 83 79 80 79 81 80 82 Darling Downs 114 110 100 89 87 83 83 86 78 76 72 78 South West 152 127 100 82 83 72 70 66 48 24 21 23 Fitzroy 137 122 100 82 81 67 80 88 106 111 134 138 Central West 139 122 100 85 85 77 78 78 64 47 41 43 Mackay 177 127 100 84 77 122 121 74 66 61 55 55 Northern 95 101 100 95 92 78 81 88 85 89 84 87 Far North 102 104 100 100 100 96 102 111 110 115 111 113 North West 117 122 100 83 72 71 74 81 65 116 117 213 Queensland 115 109 100 91 91 90 93 95 95 98 99 102 Gold Coast Wide Bay/Burnett Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 23 6. Prices and labour shortages The construction labour surplus for December 2015 was 48,000. The declines in total construction activity over 2016 will mean that there will continue to be a construction labour surplus over the projection period, becoming less severe over the projection period. All regions are currently in surplus. The labour surplus projected for 2017 is on average around 43,000. This is apparent in the number of construction industry unemployed which is projected to average 15,600 over the projection period. Low levels of construction activity into 2016 will continue to keep prices low. Engineering and nonresidential construction will both show declining prices, whilst residential construction will continue flat over the projection period. On average over 2014 228,000 were employed in the construction industry. The average for 2015 is around 215,000. The average for the first three quarters of 2016 is 204,000. The derived unemployment rate for the construction industry for December quarter 2015 is 6.7%. Figure 12: Queensland total construction activity and Queensland construction industry Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 24 Table 14 Queensland construction industry – real quarterly price growth at annual rates (%) 2014-15 September 2014-15 December 2014-16 March 2014-15 June 2015-16 September 2015-16 December 2015-16 March Actual Non-residential building Residential building Engineering construction Total construction Note: 2015-16 June 2016-17 September Average 2014-15 and 2016-17 Forecast 7.0 -1.6 -2.1 3.6 0.8 -0.2 -2.8 -3.0 -0.5 1.1 3.5 0.8 -0.4 3.1 1.8 2.0 2.2 1.7 1.1 2.1 3.6 4.2 4.3 1.4 -1.1 -1.0 4.9 3.7 -6.1 -0.8 -3.1 0.0 0.2 0.6 1.6 0.7 2.2 1.1 0.4 1.4 Real price/cost growth is the nominal rate of increase less the increase in the Queensland financial demand implicit deflator. Table 15 Shortage of construction labour by Queensland region – number ‘000 (shortage is donated by (+) and surplus (-)) Brisbane Gold Coast Sunshine Coast West Moreton Wide Bay/Burnett Darling Downs South West Fitzroy Central West Mackay Northern Far North North West Queensland Trend Queensland construction workers unemployed (‘000) Mar-15 -6.7 -2.3 -1.3 -1.4 -2.0 -3.2 -0.1 -1.5 -0.2 -5.6 -2.4 -6.8 0.2 -33.3 Jun-15 -8.4 -2.7 -1.1 -1.5 -2.2 -3.7 -0.2 -2.1 -0.2 -6.4 -2.9 -6.8 0.0 -38.2 Sep-15 -10.2 -3.0 -0.9 -1.6 -2.5 -4.2 -0.2 -2.7 -0.2 -7.2 -3.3 -6.7 -0.3 -43.0 Dec-15 -11.9 -3.3 -0.8 -1.7 -2.8 -4.7 -0.3 -3.2 -0.3 -8.0 -3.7 -6.7 -0.5 -47.9 Mar-16 -12.1 -2.7 -0.5 -1.6 -2.9 -4.9 -0.4 -2.5 -0.4 -8.2 -3.7 -6.7 -0.8 -47.6 Jun-16 -12.3 -2.2 -0.3 -1.6 -3.0 -5.2 -0.5 -1.7 -0.6 -8.5 -3.7 -6.6 -1.1 -47.2 Sep-16 -12.5 -1.6 0.0 -1.6 -3.2 -5.4 -0.5 -0.9 -0.8 -8.8 -3.7 -6.6 -1.3 -46.9 Dec-16 -12.7 -1.1 0.3 -1.6 -3.3 -5.7 -0.6 -0.1 -0.9 -9.0 -3.8 -6.5 -1.6 -46.6 Mar-17 -11.1 -0.3 0.7 -1.6 -3.1 -5.6 -0.7 0.0 -1.0 -8.4 -3.1 -5.9 -1.4 -41.5 Jun-17 -9.6 0.5 1.2 -1.5 -2.9 -5.5 -0.7 0.0 -1.0 -7.7 -2.5 -5.3 -1.3 -36.5 12.1 13.8 14.4 14.5 14.9 15.6 16.2 18.1 17.6 17.2 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 25 7. The regional dimension The previous annual report gave a detailed analysis of the regional dynamics of Queensland construction activity. This update summarises those findings. 7.1 Regional construction activity profile – Brisbane Table 16 indicates that, for the Brisbane region, from 2009, total dwelling construction fell by a cumulative total of $1.91 billion by 2013. Over 2014 and 2015 the cumulative increase was just over $1.94 billion, hence over the period 2009 to 2015 dwelling construction rose by just $35 million. The next two years to 2017 should see a cumulative increase of $1.7 billion. Over the projection period, from Table 6, Brisbane's population is expected to increase by an average of 9,800 per quarter. This accumulating pressure on the existing housing stock plus the fact that the Brisbane region is in balance in terms of housing affordability (defined as the ability of the average household to generate income from work sufficient to support a mortgage on new dwelling construction) has enabled the sharp increase in dwelling expenditure. Hence, the increase in dwelling expenditure for 2015 was $1.6 billion. For 2016 dwelling expenditure will increase by $1.7 billion, however, towards the end of the projection as pent up population pressures are eased dwelling expenditure will decrease by $83 million. The average contribution of total dwelling construction to Brisbane’s total construction growth rate will be 4.7 percentage points over 2016 and 2017. Over the five fiscal years 2009 to 2013, Brisbane’s non-residential building expenditures fell by a cumulative $1.3 billion. The fall would have been greater if not for the public sector non-residential stimulus. In 2014 and 2015 non-residential construction in Brisbane grew by a cumulative $540 million, adding an average 1.6 percentage points to total Brisbane construction growth over the last two years. The average contribution of non-residential construction to total construction in Brisbane over the next two years is -0.8 percentage points. Engineering construction in Brisbane has been in decline since 2010, with a cumulative total fall of $3.3 billion to 2015, reducing total construction growth by an average 3.0 percentage points per year. Looking forward it is projected that the continued decline in engineering construction will lead to a further cumulative fall of $1.6 billion over 2016 and 2017. 7.2 Regional construction activity profile – Gold Coast From Table 17, for the Gold Coast it can be seen that the average annual decline in total dwelling construction expenditure over 2009 to 2013 was $0.38 billion. This reduced Gold Coast construction growth by an average of 7.0 percentage points per year. By 2015 the Gold Coast population was over 550,000, this pressure has resulted in an average increase of $223 million in dwelling expenditure over 2014 and 2015. Dwelling construction expenditure will increase by an average of $460 million over final two years of the projection, contributing 15.0 percentage points to total construction growth in 2016 and 5.7 percentage points in 2017. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 26 Over the last three fiscal years to 2015, total non-residential construction grew by a cumulative $460 million, contributing an average 4.0 percentage points to total construction in the Gold Coast. However the previous two years showed significant declines in non-residential construction growth, the cumulative loss for 2011 and 2012 was $910 million. For 2016 and 2017 the cumulative total decline for non-residential construction will be in the order of $138 million reducing total Gold Coast construction growth by an average 1.6 percentage points per year. Engineering construction reduced total construction activity by $460 million over the 2010 to 2013 period. In 2014 and 2015 engineering construction reduced total construction growth by an average of 2.0 percentage points, a cumulative loss of $171 million. Engineering construction declines over the 2016 and 2017 fiscal years, engineering expenditure reduces total growth by 7.1 percentage points for 2016 and by 1.7 percentage points in 2017. Total expenditure increased by 7.6% in 2015, as the increases in dwelling expenditure and nonresidential building expenditure countered the decline in engineering construction. In 2016 the growth in dwelling construction is large enough to outweigh the declines in the other sectors, leading growth in total construction of 4.8% for the 2016 fiscal year. In 2017 residential building shows positive growth, whilst the other two sectors stagnate, leading to a 4.0% increase in total construction expenditure in the Gold Coast. 7.3 Regional construction activity profile – Sunshine Coast Similar to Brisbane and the Gold Coast, dwelling construction in Sunshine Coast has now had two concurrent years of positive growth, contributing an average of 5.3 percentage points per year to total construction for 2014 and 2015. Non-residential construction grew by $860 million in 2014, which was almost offset by a decline of $802 million in 2015. The average contribution for 2014 and 2015 of non-residential construction to total construction growth was an average of 6.6 percentage points. Non-residential construction will grow by a cumulative $160 million over 2016 and 2017, contributing and annual average of 3 percentage points to total construction growth. The profile for engineering construction in the Sunshine coast is that for 2014 and 2015 engineering construction declined by $10 million, contributing an average 0.7 percentage points to total construction for Sunshine Coast. The next two years will see on average further declines in engineering expenditures with a cumulative $276 million decline for 2016 and 2017. For 2016 total construction for the Sunshine Coast will grow by 6.7% and for 2017 residential and nonresidential sectors will grow resulting in growth of 2.6% in total construction. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 27 7.4 Regional construction activity profile – West Moreton Population growth in West Moreton has historically been small in comparison to the rest of the state, with an average annual growth of just under 2000 per annum for the period 2009 to 2013. Similar growth levels are expected throughout the projection period. Consequently dwelling expenditures will grow by a cumulative $73 million over the 2016 to 2017 period. In non-residential construction the growth in 2014 was $11 million this was the first year of positive growth since the stimulus year of 2009. For 2015, however non-residential construction declined by $29 million. The cumulative growth over the next two years is $17 million. This contributes an average of 1.6 percentage points to total construction for the region over 2016 and 2017. Engineering construction fell by $13 million in 2015, contributing -2.1 percentage points to total construction decline of 7.4%. The average contribution of engineering to construction growth over the next two years is -11.5 percentage points. In spite of the large contribution of the stimulus package in 2009, total construction in West Moreton declined by a cumulative total of $14 million over the 2009 to 2013 period. For 2014 and 2015 the cumulative declines in total construction expenditure was $42 million. The next two years will average a decline of around 3.0% per annum owing to declines in the engineering sector. 7.5 Regional construction activity profile – Darling Downs The Darling Downs, in comparison with the other regions, has a unique profile, both in terms of the immediate past and the immediate future. The dwelling and private non-residential building cycle has been, and will be to 2014, more stable than the larger neighbouring regions. All sectors average positive growth over the 2009 to 2013 period. Dwelling construction expenditure fell by $3 million in 2014 and was steady in 2015. The contribution of dwelling construction to total construction in the Darling Downs over this period was negligible. For 2016 and 2017 the average contribution is 0.5 percentage points. Non-residential construction will have an average annual percentage point contribution of -1.3 to total construction in the darling Downs over 2016 to 2017. The cumulative decline in non-residential expenditure over this period is $66 million. The construction of LNG infrastructure has impacted heavily with an average contribution to total construction growth of 22.1 percentage points for 2011 to 2014, adding a cumulative $2.8 billion to construction activity. For 2015 engineering construction contributed -47.3 percentage points to the decline in total construction. The contribution to the total construction decline for the final two years is an average of 13.4 percentage points Total construction in Darling Downs declined by 45.9% in 2015 and is projected to decline by an average 14.3% over 2016 and 2017. 7.6 Regional construction activity profile – Northern region Unlike Darling Downs, the impact of the dwelling cycle has been severe. The seven years to 2015 have resulted in a cumulative decline of $358 million. The cumulative fall in total dwelling construction over 2009 to 2015 period has resulted in an average of -2.1 percentage points of total Northern region construction decline. However a return to growth in dwelling expenditure occurs in the two projection years with a cumulative growth of $172 million. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 28 The completion of engineering projects lead to an average 2.5 percentage point contribution to the decline in total Northern region construction activity over 2013 to 2015 from engineering construction. The cumulative decline in engineering construction expenditure over 2016 and 2017 is in the order of $409 million. This reduces total construction expenditure growth by 11.3 percentage points per annum. In the 2015 fiscal year non-residential construction contributed -2.8 percentage points to the total construction decline in the Northern region. For 2016 and 2017 an average of 0.5 percentage point contribution to the total growth rate is projected both 2016 and 2017 exhibiting positive growth resulting in total non-residential construction activity growth of $18 million to construction levels over those two years. Total construction in the Northern region declined by 9.4% in the 2015 fiscal year, for 2016 there is a decline of 13.5% and for 2017 as the dwelling sector improves, there will be an increase of 2.2% in total construction expenditure. 7.7 Regional construction activity profile – the Far North region Dwelling construction grew by $3 million in 2015 increasing total construction by 0.2 percentage points. Over the next two years dwelling construction will grow by a cumulative $329 million, contributing an average 11.5 percentage points to total construction growth. Non-residential construction declined over 2015 reducing total construction by 0.6 percentage points. Non-residential construction will grow by a total of $28 million over 2016 and 2017. Engineering construction declined by a total of $124 million in 2015, contributing 8.0 percentage points to the total construction decline in the Far North region. The next two years, will have an average annual decline of $103 million. In 2016 and 2017 engineering is the only sector to decline. Total construction declined by 8.4% over 2015 in the Far North region, as major engineering and nonresidential projects wound up. The projection years 2016 and 2017 should see growth of 0.8% and 9.6% respectively, or a cumulative total of $150 million. 7.8 Regional construction activity profile – Wide Bay Burnett region Cumulatively, construction activity in Wide Bay Burnett declined by $643 million from 2009 to 2015. Falls in dwelling construction contributed an average of -4.6 percentage points, whilst non-residential construction made a negligible positive contribution to total construction activity. Engineering construction over this period declined by a cumulative $72 million and further reduced the overall decline by an average of 0.6 percentage points per annum. In 2015 there was a 5.7% decline in total construction expenditure. Dwelling construction was the only sector to show growth in 2015 and contributed just 1.6 percentage points to counter the declines in the other sectors. Over the projection period of 2016 and 2017, dwelling construction contributed a cumulative $118 million dollars to construction growth. For the same period, non-residential construction has a negative contribution of $16 million to the construction growth. The total decline in engineering construction activity over 2016 and 2017 is in the order of $189 million. The consequences of this profile for total construction is that there will be a decline over the projection period. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 29 7.9 Regional construction activity profile – Fitzroy region Table 16 indicates that, for the Fitzroy region, over 2014 and 2015, total dwelling construction fell by a cumulative total of $325 million. The average contribution per annum of dwelling construction to total construction over this period was -1.8 percentage points. The population of Fitzroy is currently over 240,000. Population growth is slowing over the next two years, and should reach 246,000 by 2017, hence not until 2017 will the annual change in dwelling expenditure return to positive figures. The average contribution of total dwelling construction to Fitzroy’s total construction growth rate will be 1.1 percentage points over the two years to 2017. Over the five fiscal years 2009 to 2013, Fitzroy’s non-residential building expenditures increased by a cumulative $762 million. Slowing non-residential building approvals in 2013 heralded a cumulative $751 million decrease in non-residential building expenditure in 2014 and 2015. This will be followed by a $32 million cumulative increase over 2016 and 2017. Engineering construction contributed over $13.5 billion to total construction activity in Fitzroy over the 2009 to 2014 period. However this has largely been associated with the construction of the LNG related facilities. These projects are nearing or have reached completion and hence in 2015 the contribution was negative at $4.7 billion. The average contribution of engineering construction to total construction growth over the six years to 2014 was 41.7 percentage points. In contrast the contribution of engineering construction over the 2015 financial year -27.5 percentage points. Over the two projection years, total construction activity will increase by $1.2 billion. The average growth over the final two years of the projection will be 13.1% per annum. Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 30 Table 16 Formation of construction in Brisbane (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dwellings Total non-residential building 1077 -99 296 359 245 -27 149 758 290 423 -72 837 -452 -8 48 -702 -17 894 -147 -258 -1342 -1229 338 109 1607 434 1747 -188 -83 -111 Total engineering construction Total construction 577 1555 -58 597 571 788 711 1618 404 1117 2276 3041 1811 1352 -496 -1150 -183 694 387 -18 -1244 -3815 -407 40 -1366 675 -1672 -114 109 -85 Percentage point contribution to growth: Dwellings 9.6 2.3 1.8 1.1 1.8 -0.4 -2.3 0.2 -0.1 -0.7 -6.5 2.0 9.4 9.9 -0.5 2.8 -0.5 4.7 -0.2 4.3 5.9 5.4 5.0 11.4 2.7 2.6 7.1 5.0 13.5 18.0 0.0 9.1 6.8 -3.3 -2.3 -5.4 4.4 -0.9 3.4 -1.2 1.9 -0.1 -5.9 -6.0 -18.3 0.6 -2.4 0.2 2.6 -8.0 4.0 -1.1 -9.4 -0.6 -0.6 0.6 -0.5 Change in: Total non-residential building Total engineering construction Total construction Table 17 -0.9 5.1 13.9 Formation of construction in Gold Coast (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Change in: Dwellings Total non-residential building 602 9 564 73 57 151 -112 -130 151 241 -232 -329 -272 132 -124 840 -829 -477 -438 -433 -223 8 169 188 278 266 663 -139 262 2 Total engineering construction Total construction 141 752 -22 615 119 327 153 -90 189 581 493 -68 162 22 -257 460 -129 -1435 81 -790 -155 -370 65 422 -236 308 -311 212 -77 186 Percentage point contribution to growth: Dwellings 16.5 12.8 1.1 -2.1 2.9 -4.0 -4.7 -2.1 -13.3 -9.1 -5.5 4.6 6.8 15.1 5.7 Total non-residential building Total engineering construction 0.3 3.9 1.6 -0.5 3.0 2.4 -2.4 2.9 4.6 3.6 -5.6 8.5 2.3 2.8 14.5 -4.4 -7.6 -2.1 -9.0 1.7 0.2 -3.9 5.1 1.8 6.5 -5.8 -3.2 -7.1 0.0 -1.7 20.6 14.0 6.5 -1.7 11.1 -1.2 0.4 7.9 -23.0 -16.4 -9.2 11.5 7.6 4.8 4.0 Total construction Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 31 Table 18 Formation of construction in Sunshine Coast (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dwellings Total non-residential building 365 -6 287 70 70 -87 -222 146 2 -53 32 -41 -155 -7 -125 5 -234 -60 -243 109 -146 -132 83 860 239 -802 253 151 120 9 Total engineering construction Total construction 110 469 7 365 63 47 87 10 -208 -259 238 229 166 4 145 24 1025 731 -568 -702 -519 -797 124 1067 -134 -697 -222 182 -54 76 Percentage point contribution to growth: Dwellings 16.5 10.7 2.3 -7.2 0.1 1.1 -5.0 -4.1 -7.5 -6.3 -4.6 3.6 7.0 9.4 4.2 Total non-residential building Total engineering construction Total construction 2.6 0.3 13.6 -2.8 2.1 1.5 4.7 2.8 0.3 -1.7 -6.7 -8.3 -1.4 8.4 8.0 -0.2 5.4 0.1 0.2 4.7 0.8 -1.9 33.0 23.5 2.8 -14.8 -18.3 -4.2 -16.6 -25.4 36.8 5.3 45.6 -23.6 -3.9 -20.5 5.6 -8.2 6.7 0.3 -1.9 2.6 Change in: Table 19 -0.3 4.9 21.2 Formation of construction in West Moreton (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Change in: Dwellings Total non-residential building 27 -5 26 3 54 -2 19 55 0 9 -21 -25 31 233 33 -167 -32 -61 -42 -18 8 -2 -38 11 -2 -29 25 4 47 13 Total engineering construction Total construction 12 34 -9 20 24 76 70 144 15 25 14 -32 27 290 14 -120 -4 -97 -17 -78 -15 -10 30 3 -13 -45 -68 -39 -55 5 Percentage point contribution to growth: Dwellings 7.7 6.8 13.2 3.9 0.1 -3.2 5.0 3.7 -4.0 -6.0 1.2 -6.2 -0.4 4.5 9.0 Total non-residential building Total engineering construction -1.4 3.3 0.7 -2.4 -0.6 5.9 11.4 14.4 1.5 2.4 -3.9 2.1 37.6 4.3 -18.3 1.5 -7.7 -0.6 -2.6 -2.5 -0.4 -2.5 1.9 4.9 -4.8 -2.1 0.7 -12.1 2.5 -10.5 Total construction 9.6 5.1 18.5 29.8 3.9 -5.0 46.8 -13.1 -12.3 -11.2 -1.6 0.5 -7.4 -6.9 1.0 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 32 Table 20 Formation of construction in Wide Bay Burnett (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dwellings Total non-residential building 127 -23 133 -1 152 48 109 104 113 -77 -25 4 -149 -20 -31 173 -103 -108 -195 -109 -107 -25 -15 120 23 -27 61 -14 57 -2 Total engineering construction Total construction 71 174 -17 116 75 275 75 287 -56 -20 4 -17 -66 -235 -28 114 22 -188 122 -181 166 35 -212 -106 -77 -82 -195 -148 -96 -41 9.8 10.3 6.2 5.5 -1.2 -7.4 -1.7 -5.4 -11.5 -7.1 -0.9 1.6 4.5 4.7 -0.1 -1.2 8.5 3.2 5.1 18.6 5.9 4.3 16.4 -3.8 -2.7 -1.0 0.2 0.2 -0.8 -1.0 -3.3 -11.7 9.8 -1.6 6.5 -5.7 1.2 -10.0 -6.4 7.2 -10.7 -1.6 11.0 2.3 7.7 -13.7 -6.9 -1.9 -5.4 -5.7 -1.0 -14.4 -10.9 -0.2 -7.9 -3.4 Change in: Percentage point contribution to growth: Dwellings 10.7 Total non-residential building Total engineering construction Total construction Table 21 -1.9 6.0 14.7 Formation of construction in Darling Downs (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Change in: Dwellings Total non-residential building 75 -5 0 -15 77 31 91 36 37 43 -96 -70 -68 -16 131 108 89 27 -74 -60 -55 13 -3 68 1 74 5 -39 18 -27 Total engineering construction Total construction -8 61 -40 -54 217 325 313 441 672 752 33 -132 -94 -178 -279 -40 980 1095 683 550 471 429 649 714 -2423 -2348 -464 -498 -231 -240 Percentage point contribution to growth: Dwellings 6.5 0.0 6.6 6.1 1.9 -3.6 -2.7 5.5 3.8 -2.1 -1.4 -0.1 0.0 0.2 0.8 Total non-residential building Total engineering construction -0.5 -0.7 -1.2 -3.2 2.7 18.6 2.4 21.0 2.2 34.8 -2.6 1.2 -0.6 -3.7 4.5 -11.7 1.1 42.0 -1.8 19.9 0.3 11.9 1.6 14.7 1.5 -47.3 -1.4 -16.7 -1.2 -10.1 Total construction 5.3 -4.5 27.9 29.6 39.0 -4.9 -7.0 -1.7 47.0 16.0 10.8 16.2 -45.9 -18.0 -10.6 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 33 Table 22 Formation of construction in South West (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dwellings Total non-residential building 6 -2 -3 -4 2 2 5 17 6 -11 0 6 -4 -9 3 22 1 5 8 -4 15 21 0 -20 -20 -4 -1 -3 11 0 Total engineering construction Total construction -12 -8 -18 -24 4 8 6 27 108 103 415 421 61 48 -324 -299 755 761 2182 2186 255 291 -723 -742 -1307 -1332 -592 -596 -619 -608 Percentage point contribution to growth: Dwellings 3.6 -1.7 1.4 3.0 3.1 -0.1 -0.6 0.4 0.3 0.7 0.4 0.0 -0.7 0.0 1.1 -2.4 -10.7 -14.7 1.6 3.0 5.9 11.3 4.0 18.3 -6.1 61.2 58.2 2.0 148.7 150.7 -1.3 8.8 6.8 2.9 -43.3 -39.9 1.1 168.1 169.4 -0.3 180.3 180.7 0.6 7.5 8.6 -0.5 -19.6 -20.1 -0.1 -44.4 -45.2 -0.2 -36.7 -36.9 0.0 -60.8 -59.7 Change in: Total non-residential building Total engineering construction Total construction Table 23 -1.4 -6.8 -4.7 Formation of construction in Fitzroy (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Change in: Dwellings Total non-residential building 83 -32 29 -28 9 -2 85 52 171 55 56 -34 -145 71 -84 -22 29 78 104 80 242 555 131 -379 -457 -372 -94 20 247 12 Total engineering construction Total construction 99 149 -31 -30 316 324 616 753 805 1032 -464 -442 1010 936 -40 -146 777 884 7594 7777 2771 3569 1431 1184 -4719 -5547 -3214 -3289 4277 4536 Percentage point contribution to growth: Dwellings 7.2 2.3 0.7 5.3 7.3 1.7 -4.9 -2.2 0.8 2.2 2.0 0.8 -2.7 -0.8 3.0 Total non-residential building Total engineering construction -2.8 8.6 -2.1 -2.4 -0.1 24.9 3.2 38.6 2.4 34.3 -1.0 -13.7 2.4 34.4 -0.6 -1.0 2.1 20.8 1.7 164.7 4.5 22.4 -2.4 9.0 -2.2 -27.5 0.2 -27.7 0.1 51.5 Total construction 13.0 -2.3 25.5 47.2 44.0 -13.1 31.9 -3.8 23.7 168.7 28.8 7.4 -32.4 -28.4 54.6 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 34 Table 24 Formation of construction in Central West (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dwellings Total non-residential building 0 -1 -6 1 1 1 2 -1 -1 -4 2 4 0 -2 1 4 3 24 6 -21 -5 3 -5 -2 -2 -9 1 0 7 0 Total engineering construction Total construction -14 -16 -15 -21 6 8 5 5 6 1 8 14 0 -2 -1 4 35 62 97 82 150 148 44 37 -160 -170 -82 -80 -85 -77 Percentage point contribution to growth: Dwellings -0.3 -5.5 0.7 1.7 -0.7 1.9 -0.2 1.1 2.7 3.3 -1.9 -1.3 -0.4 0.4 3.7 0.7 -13.7 -18.5 1.5 6.6 8.8 -1.4 4.7 5.0 -4.1 5.4 0.7 4.2 7.7 13.8 -1.4 0.1 -1.5 3.5 -0.9 3.6 19.5 29.1 51.3 -11.3 53.1 45.2 1.1 56.8 55.9 -0.4 10.7 9.1 -2.0 -35.5 -37.9 0.0 -29.1 -28.7 0.2 -42.4 -38.6 Change in: Total non-residential building Total engineering construction Total construction Table 25 -0.8 -11.4 -12.5 Formation of construction in Mackay (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Change in: Dwellings Total non-residential building 53 -3 22 -20 113 22 141 94 85 22 39 8 -126 47 77 100 -96 248 -52 -373 245 219 90 -190 -364 -92 -120 1 102 10 Total engineering construction Total construction 65 115 -15 -13 81 216 221 456 390 497 200 246 457 378 188 365 975 1128 288 -137 2435 2898 714 614 -3337 -3793 -603 -723 -1353 -1241 Percentage point contribution to growth: Dwellings 6.2 2.2 11.9 12.1 5.3 1.8 -5.3 2.8 -3.1 -1.2 6.0 1.3 -4.8 -3.1 3.3 Total non-residential building Total engineering construction -0.4 7.7 -2.0 -1.5 2.3 8.5 8.0 18.9 1.4 24.0 0.4 9.4 2.0 19.3 3.6 6.9 8.0 31.4 -8.8 6.8 5.3 59.4 -2.7 10.2 -1.2 -43.8 0.0 -15.8 0.3 -43.7 Total construction 13.5 -1.3 22.7 39.0 30.6 11.6 16.0 13.3 36.3 -3.2 70.7 8.8 -49.8 -18.9 -40.1 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 35 Table 26 Formation of construction in Northern (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dwellings Total non-residential building 27 -14 -12 -55 142 48 123 23 68 253 53 -147 -26 -5 -41 187 -171 -174 -78 219 -25 138 15 -448 -31 -58 32 4 140 13 Total engineering construction Total construction 96 110 -31 -97 116 306 328 473 2 324 111 17 -125 -157 107 253 -15 -361 55 196 -74 39 14 -420 -108 -198 -291 -255 -118 36 Percentage point contribution to growth: Dwellings 1.9 -0.8 10.0 7.1 3.1 2.1 -1.0 -1.7 -6.5 -3.4 -1.0 0.6 -1.5 1.7 8.6 Total non-residential building Total engineering construction Total construction -3.6 -2.0 -6.4 3.4 8.2 21.6 1.3 19.0 27.4 11.5 0.1 14.7 -5.8 4.4 0.7 -0.2 -4.9 -6.2 7.8 4.5 10.6 -6.6 -0.6 -13.7 9.6 2.4 8.6 5.6 -3.0 1.6 -17.9 0.5 -16.7 -2.8 -5.2 -9.4 0.2 -15.4 -13.5 0.8 -7.2 2.2 Change in: Table 27 -1.0 6.9 7.8 Formation of construction in Far North (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Change in: Dwellings Total non-residential building 80 7 83 15 120 74 131 -43 112 12 119 120 -266 193 -136 -248 -152 66 -47 74 -57 -275 -53 -27 3 -10 156 4 172 23 Total engineering construction Total construction 51 138 -49 50 80 274 87 175 -28 96 10 249 16 -57 -42 -425 64 -23 123 150 18 -314 20 -60 -124 -131 -149 12 -57 138 Percentage point contribution to growth: Dwellings 6.2 Total non-residential building Total engineering construction Total construction 5.8 8.1 7.4 5.8 5.8 -11.6 -6.1 -8.5 -2.6 -3.0 -3.3 0.2 11.0 12.0 0.6 3.9 1.1 -3.4 5.0 5.4 -2.5 4.9 0.6 -1.5 5.9 0.5 8.4 0.7 -11.2 -1.9 3.6 3.5 4.2 6.9 -14.3 1.0 -1.7 1.3 -0.6 -8.0 0.3 -10.5 1.6 -4.0 10.6 3.5 18.4 9.9 5.0 12.3 -2.5 -19.1 -1.3 8.5 -16.3 -3.7 -8.4 0.8 9.6 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 36 Table 28 Formation of construction in North West (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dwellings Total non-residential building -1 -3 -11 -1 2 -10 6 4 1 9 9 4 0 -14 1 17 2 31 -2 -13 -6 30 5 16 -5 -73 1 5 20 2 Total engineering construction Total construction 11 7 -33 -45 9 0 79 89 245 255 3 16 59 45 -96 -78 255 287 251 236 233 258 31 52 -699 -776 -179 -174 278 299 Percentage point contribution to growth: Dwellings -0.2 -4.3 0.8 2.9 0.3 1.6 0.1 0.1 0.4 -0.2 -0.6 0.4 -0.4 0.1 4.8 -0.2 -13.1 -17.7 -4.8 4.1 0.1 1.8 37.9 42.6 3.0 82.3 85.6 0.7 0.5 2.8 -2.5 10.4 7.9 2.8 -15.7 -12.7 5.7 47.5 53.6 -1.5 30.4 28.7 2.9 22.0 24.3 1.2 2.4 3.9 -5.3 -51.0 -56.7 0.8 -30.3 -29.4 0.4 66.4 71.5 Change in: Total non-residential building Total engineering construction Total construction Table 29 -1.3 4.4 2.9 Formation of construction in Queensland (CVM $m) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Change in: Dwellings Total non-residential building 2521 -178 1410 399 1044 249 526 1113 1036 924 -136 336 -1632 593 -246 317 -1509 492 -1198 -807 -1456 -677 719 307 1269 -702 2729 -195 1121 -55 Total engineering construction Total construction 1197 3541 -331 1478 1682 2975 2749 4388 2543 4503 3341 3541 3485 2446 -1108 -1037 4555 3537 11277 9272 4494 2361 1780 2806 -14703 -14136 -8044 -5510 1920 2986 Percentage point contribution to growth: Dwellings 10.1 4.9 3.5 1.6 2.8 -0.3 -3.6 -0.5 -3.2 -2.4 -2.4 1.2 2.0 5.4 2.5 Total non-residential building Total engineering construction -0.7 4.8 1.4 -1.2 0.8 5.6 3.4 8.3 2.5 6.8 0.8 8.0 1.3 7.7 0.7 -2.3 1.0 9.7 -1.6 22.4 -1.1 7.5 0.5 2.9 -1.1 -22.7 -0.4 -15.9 -0.1 4.2 Total construction 14.1 5.2 9.9 13.3 12.0 8.4 5.4 -2.2 7.5 18.4 4.0 4.5 -21.8 -10.9 6.6 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 37 Appendix A Detailed tables – 2010.3 to 2017.2 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 38 38 Table A.1 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Private dwelling value of work done: new construction (including alterations and additions) – 2012-13 $ million Brisbane 1219 1213 1179 1133 1216 1123 1153 1163 1015 1065 990 991 975 1055 1144 1252 1349 1377 1631 1615 1720 1864 1909 1938 1799 1818 1779 1730 Gold coast 371 322 283 243 244 217 216 218 187 195 185 188 191 209 224 244 259 258 317 315 359 425 457 484 466 486 490 488 Sunshine Coast 246 240 224 200 199 177 178 182 161 170 154 153 149 161 178 195 212 217 254 241 253 271 290 305 292 304 306 304 West Moreton 64 60 54 46 46 41 45 52 51 57 53 50 44 43 42 42 42 41 45 41 41 43 48 53 52 56 58 59 Wide Bay/ Burnett 157 146 131 116 115 101 101 103 92 100 93 92 88 88 89 93 95 92 102 93 94 98 108 116 112 117 117 116 Darling Downs 138 132 119 103 103 93 98 107 102 115 113 115 112 114 115 119 118 111 119 106 105 106 113 118 111 114 112 110 South West 5 4 4 4 5 5 6 8 9 11 12 14 14 13 11 9 7 6 7 6 5 5 6 7 7 8 9 9 4744 4656 4061 4427 5973 7431 7126 1218 894 754 868 1149 1726 1930 909 737 639 683 924 1118 1207 224 184 211 172 169 184 226 550 420 377 357 382 416 461 492 401 446 461 455 442 447 17 23 46 47 26 23 33 Fitzroy 85 89 90 88 101 105 127 149 149 182 196 226 234 234 211 175 139 109 100 77 67 62 86 109 119 137 148 155 Central West 2 2 2 2 3 3 3 3 3 3 3 3 3 2 2 1 1 1 2 2 2 1 2 2 3 3 4 4 Mackay 130 121 108 97 100 95 109 130 137 170 181 200 202 202 187 163 130 99 87 67 57 51 63 73 76 84 88 91 353 482 753 855 425 324 558 8 11 12 8 6 7 14 457 434 688 753 383 244 339 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 135 123 110 101 109 107 120 131 120 128 119 120 114 115 115 115 114 109 119 105 101 96 113 127 129 140 145 148 Far North 114 103 90 81 92 94 108 120 104 104 90 83 76 77 77 75 74 71 81 80 86 94 111 126 127 138 142 144 North West 6 6 5 5 5 4 4 4 4 5 5 5 5 6 6 6 6 5 4 3 3 2 4 5 6 7 7 8 Queensland 2672 2562 2401 2219 2336 2165 2269 2368 2134 2306 2194 2240 2206 2320 2401 2491 2548 2496 2867 2751 2893 3118 3310 3463 3299 3412 3405 3365 469 467 487 459 447 438 561 389 413 381 306 305 417 551 22 18 18 22 18 13 28 9853 9139 8874 9418 10661 12783 13481 Queensland December 2014 = 100 107 103 96 89 94 87 91 95 85 92 88 90 88 93 96 100 102 100 115 110 116 125 133 139 132 137 136 135 39 Table A.2 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Private dwelling: other value of work done – 2012-13 $ million Brisbane 708 707 728 794 855 752 758 687 623 612 546 567 572 570 583 578 557 568 605 610 652 645 662 678 692 705 717 728 Gold coast 295 294 209 205 213 215 245 230 203 212 199 212 221 219 223 220 211 213 225 226 239 235 240 244 248 251 255 258 Sunshine Coast 184 184 131 129 134 135 155 146 129 135 127 135 141 140 143 141 135 137 145 146 155 152 155 158 160 163 165 167 West Moreton 29 29 27 28 30 28 29 27 24 24 22 23 24 24 25 24 23 24 25 25 27 26 27 27 28 28 29 29 Wide Bay/ Burnett 95 95 83 87 92 85 91 83 75 75 69 72 74 74 75 74 71 72 76 76 81 79 80 81 82 83 84 85 Darling Downs 57 57 76 88 96 79 73 65 60 56 48 49 48 48 49 49 47 48 51 51 55 54 55 56 57 58 59 59 South West 5 5 7 8 8 7 6 6 5 5 4 5 5 5 5 5 5 5 5 5 6 6 6 6 6 6 6 6 2937 3052 2348 2303 2339 2637 2842 1002 903 826 884 875 959 1011 627 570 526 565 564 621 654 114 114 94 97 98 108 113 360 352 291 297 295 321 335 278 313 212 193 197 220 232 25 28 19 19 20 23 24 Fitzroy 57 57 59 64 69 61 61 56 51 50 45 48 49 50 52 52 51 52 55 55 59 58 58 59 60 61 62 63 Central West 2 2 3 3 4 3 3 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 Mackay 55 56 40 39 41 42 48 46 41 43 42 45 48 49 50 51 49 50 53 53 56 55 56 57 57 58 59 59 236 246 194 204 213 234 246 10 12 7 7 7 7 8 190 178 171 197 205 225 233 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 79 78 56 55 58 58 67 63 56 59 56 60 63 63 64 64 61 62 66 66 70 69 70 71 72 73 74 75 Far North 97 96 68 67 70 70 81 76 67 70 66 71 74 73 75 74 71 71 75 75 80 78 79 80 82 82 83 84 North West 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 Queensland 1665 1662 1487 1569 1671 1538 1620 1488 1336 1347 1229 1291 1323 1317 1349 1335 1284 1305 1386 1393 1483 1462 1493 1523 1549 1573 1597 1618 268 246 231 254 256 281 295 328 296 275 296 293 318 332 8 8 7 8 9 9 10 6384 6316 5203 5324 5369 5961 6336 Queensland December 2014 = 100 128 127 114 120 128 118 124 114 102 103 94 99 101 101 103 102 98 100 106 107 114 112 114 117 119 121 122 124 40 Table A.3 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Private dwelling: total value of work done – 2012-13 $ million Brisbane 1927 1920 1907 1927 2070 1876 1912 1850 1637 1677 1536 1558 1547 1625 1728 1831 1906 1945 2236 2225 2372 2509 2571 2615 2491 2522 2497 2458 Gold coast 666 615 492 448 456 431 462 447 390 407 384 400 412 428 447 464 469 471 542 541 598 661 697 728 713 738 744 746 Sunshine Coast 430 423 354 329 333 313 333 327 290 305 281 288 290 301 321 336 347 354 399 387 408 423 445 463 453 467 471 471 West Moreton 93 90 81 74 76 69 74 79 75 82 75 73 68 67 67 67 66 64 70 66 68 69 75 80 80 84 87 88 Wide Bay/ Burnett 252 241 214 202 207 186 192 186 166 175 162 165 162 161 164 167 166 164 178 169 174 177 189 197 194 200 201 201 Darling Downs 195 189 195 191 198 172 172 172 161 171 161 164 160 162 164 167 165 159 170 158 159 160 168 174 168 171 171 169 South West 10 9 11 12 13 12 12 14 14 16 17 18 18 18 16 14 12 11 12 11 11 10 12 13 13 14 15 15 7681 7708 6409 6730 8312 10068 9968 2221 1797 1581 1752 2024 2684 2941 1536 1307 1165 1248 1488 1739 1861 338 298 305 269 267 292 339 910 771 669 654 677 737 796 770 713 658 654 652 661 680 41 51 65 66 46 46 57 Fitzroy 142 146 149 152 170 166 188 204 200 233 242 274 284 284 263 228 190 160 155 132 126 119 145 168 179 198 210 218 Central West 3 4 5 6 6 6 5 5 5 5 5 5 4 4 3 3 3 3 3 3 3 3 4 4 5 5 6 6 Mackay 185 177 148 136 141 137 158 176 178 213 222 245 249 251 237 213 179 149 140 120 114 106 119 130 133 142 147 150 589 728 948 1059 638 558 804 18 23 20 15 12 14 21 647 612 859 951 588 469 572 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 213 202 167 156 167 165 187 194 176 188 175 180 177 177 180 179 175 171 185 171 171 165 183 199 201 213 219 223 Far North 211 199 159 148 162 165 188 195 172 174 156 153 150 150 152 149 144 142 156 155 166 172 191 207 209 220 225 228 North West 9 8 7 7 7 6 7 6 6 6 7 7 7 8 8 8 8 7 7 5 5 4 6 7 8 9 10 10 Queensland 4337 4224 3888 3788 4007 3703 3889 3856 3470 3653 3423 3531 3529 3637 3750 3826 3832 3801 4253 4144 4376 4580 4803 4985 4847 4985 5002 4983 737 713 718 713 703 719 856 717 710 656 602 598 735 883 30 26 26 31 26 23 38 16237 15455 14077 14742 16030 18744 19817 Queensland December 2014 = 100 114 111 102 100 105 97 102 101 91 96 90 93 93 96 99 101 101 100 112 109 115 120 126 131 128 131 132 131 41 Table A.4 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Private non-residential building value of work done – 2012-13 $ million Brisbane 558 530 526 730 744 690 620 560 609 618 614 603 500 502 582 622 668 756 785 853 811 822 727 648 667 671 692 780 Gold coast 93 80 73 88 79 88 97 76 59 86 113 109 92 91 146 365 404 303 186 125 186 267 234 207 211 210 214 238 Sunshine Coast 43 47 39 30 47 63 94 83 56 45 41 32 281 351 257 132 61 59 67 70 77 91 81 73 75 76 80 91 West Moreton 6 8 9 9 7 8 8 7 5 5 6 7 6 5 5 4 4 6 7 8 7 8 7 7 7 8 8 10 Wide Bay/ Burnett 34 30 31 32 26 23 21 15 12 15 16 31 43 37 37 35 31 35 43 45 43 43 38 34 35 35 36 41 Darling Downs 39 49 51 54 50 44 41 34 34 39 60 82 74 59 55 53 54 68 70 65 65 69 61 54 55 55 56 62 South West 3 2 1 7 9 6 4 7 10 11 8 5 5 5 4 5 7 9 6 4 5 7 6 5 5 5 5 6 2345 2614 2444 2205 3061 3008 2809 335 340 366 694 1017 893 873 159 288 174 1022 256 323 323 31 30 23 20 24 29 33 128 84 75 153 154 157 146 193 168 214 241 257 248 227 13 26 34 18 26 23 22 Fitzroy 55 48 32 31 35 44 86 113 130 134 168 193 160 104 65 38 26 30 42 41 42 46 42 38 40 41 43 50 Central West 1 1 1 1 1 1 1 1 1 1 0 3 5 4 2 1 0 0 0 0 1 1 1 1 1 1 1 1 Mackay 143 156 93 57 38 48 62 70 77 82 84 72 51 45 61 66 58 51 39 39 44 53 47 43 44 45 47 53 167 278 626 368 138 168 174 3 3 4 12 1 3 3 449 217 314 223 186 188 189 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 49 45 64 86 63 90 90 56 34 32 51 62 53 43 45 41 33 42 59 57 54 53 48 43 45 45 47 54 Far North 32 31 48 60 40 39 38 29 23 19 20 20 16 19 31 33 27 28 27 35 34 34 31 29 31 32 34 40 North West 5 8 8 8 6 3 5 5 4 3 10 17 15 24 29 17 6 4 5 4 5 7 6 6 6 6 6 7 Queensland 1061 1035 976 1194 1145 1146 1167 1055 1054 1089 1190 1235 1301 1290 1319 1413 1377 1389 1336 1345 1373 1501 1328 1186 1220 1229 1269 1433 244 299 178 181 191 198 191 171 146 82 99 116 128 137 30 19 34 85 19 24 24 4267 4512 4568 5322 5447 5388 5151 Queensland December 2014 = 100 76 74 70 86 82 82 84 76 76 78 86 89 94 93 95 102 99 100 96 97 99 108 96 85 88 88 91 103 42 Table A.5 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Public non-residential building value of work done – 2012-13 $ million Brisbane 384 564 599 678 560 510 383 244 126 103 158 252 339 264 191 192 188 150 142 84 127 97 86 119 110 158 161 87 Gold coast 450 217 32 28 44 59 65 123 133 90 36 14 13 35 39 44 37 16 9 13 18 13 12 17 16 25 26 14 Sunshine Coast 27 32 28 18 15 23 26 20 9 18 21 18 18 17 19 24 17 8 9 8 11 7 57 50 60 36 28 10 West Moreton 14 11 9 5 4 5 6 7 4 9 8 5 9 15 12 5 2 2 2 1 2 1 1 2 3 5 5 3 Wide Bay/ Burnett 29 31 37 19 9 9 15 19 10 7 7 12 17 19 19 23 24 14 8 3 8 8 7 10 9 13 13 7 Darling Downs 29 23 20 10 6 12 16 14 6 2 2 4 7 13 13 23 32 31 33 19 27 20 16 21 18 24 24 12 South West 9 8 4 1 0 0 1 4 4 5 5 5 5 5 3 1 0 1 1 1 1 0 0 1 1 1 1 1 2224 1696 638 987 565 429 517 728 290 272 131 75 60 81 104 84 66 78 42 125 135 39 22 27 40 7 6 15 117 51 36 78 49 33 42 83 48 14 56 115 84 78 22 6 19 15 3 3 4 Fitzroy 29 29 42 27 13 19 28 36 27 79 102 95 80 50 31 22 17 9 8 5 8 7 6 8 8 11 11 6 Central West 5 6 11 8 3 2 1 4 5 4 2 1 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 0 Mackay 90 52 26 12 5 7 9 18 26 52 48 34 24 19 13 6 3 1 1 0 1 1 1 2 2 5 5 2 127 96 303 182 40 30 36 31 10 11 2 4 3 3 180 39 160 62 6 5 14 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 47 34 33 14 6 17 94 175 114 178 161 96 38 22 24 15 11 6 6 8 9 5 5 9 9 16 16 8 Far North 40 36 34 106 108 99 66 41 33 32 23 16 12 16 16 14 14 9 6 4 6 6 5 8 8 12 13 7 North West 13 10 6 2 2 7 9 11 17 15 8 4 3 3 2 1 1 0 0 1 1 0 0 0 1 1 1 1 Queensland 1166 1054 881 928 776 768 719 714 513 594 581 556 564 479 382 372 347 249 226 148 220 167 198 248 246 307 304 159 128 292 550 99 31 29 49 215 315 104 59 33 25 39 31 29 44 9 2 2 3 4030 2977 2245 1797 970 834 1016 Queensland December 2014 = 100 469 424 354 373 312 309 289 287 206 239 234 224 227 193 153 150 140 100 91 60 89 67 80 100 99 124 122 64 43 Table A.6 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Total non-residential building value of work done – 2012-13 $ million Brisbane 942 1094 1125 1408 1304 1200 1003 804 735 721 771 855 838 766 773 814 856 906 927 937 938 919 813 767 777 829 853 867 Gold coast 544 297 106 116 123 147 161 199 192 175 148 123 105 126 185 409 440 319 195 138 204 280 245 224 227 235 240 253 Sunshine Coast 69 79 67 48 62 86 121 103 66 63 61 50 299 369 276 156 78 67 76 78 88 99 138 123 136 113 108 101 West Moreton 19 19 18 14 11 12 14 14 9 13 15 13 15 20 17 10 6 7 9 9 9 9 8 9 10 12 13 13 Wide Bay/ Burnett 63 62 69 51 35 32 35 34 23 22 24 43 60 56 56 58 55 49 51 48 50 51 45 44 44 48 49 48 Darling Downs 69 72 71 64 55 56 57 48 40 41 62 86 81 73 68 76 85 98 103 84 92 89 77 74 73 79 79 74 South West 12 10 6 8 10 6 6 10 14 16 13 11 10 10 7 6 7 9 7 5 6 7 6 6 6 7 7 7 4569 4311 3082 3191 3626 3437 3326 1063 630 638 826 1092 953 954 263 372 240 1100 298 449 458 70 52 49 60 31 35 48 244 136 111 231 203 190 188 276 216 229 297 371 332 306 35 31 53 33 28 26 26 Fitzroy 84 77 74 58 48 63 114 149 157 214 270 287 239 154 96 60 43 39 50 46 51 53 48 46 48 52 54 56 Central West 6 7 12 8 4 2 2 5 6 5 2 3 5 4 3 2 1 1 2 1 1 1 1 1 1 2 2 1 Mackay 233 208 119 69 44 54 70 88 102 134 132 106 75 63 74 73 61 52 40 39 45 54 49 45 47 49 51 56 294 374 929 550 178 198 210 34 13 16 14 5 5 6 629 256 475 284 192 193 203 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 96 78 97 100 69 107 184 231 148 210 212 158 91 65 68 56 44 48 65 65 63 59 53 52 54 61 63 62 Far North 71 67 82 166 148 138 104 70 56 51 43 35 28 35 47 48 41 36 33 39 40 40 37 37 38 44 47 47 North West 18 18 14 10 8 10 14 16 21 18 18 21 18 27 30 18 7 4 6 4 6 7 7 6 6 7 7 7 Queensland 2228 2089 1857 2122 1921 1914 1886 1769 1567 1683 1771 1792 1865 1769 1700 1785 1725 1638 1562 1493 1594 1668 1526 1434 1466 1536 1573 1592 372 591 728 280 222 226 240 386 461 185 158 148 153 176 60 48 78 94 21 26 27 8296 7489 6812 7119 6417 6222 6167 Queensland December 2014 = 100 136 128 113 130 117 117 115 108 96 103 108 109 114 108 104 109 105 100 95 91 97 102 93 88 90 94 96 97 44 Table A.7 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Public sector engineering value of work done – 2012-13 $ million Brisbane 437 489 488 567 431 534 504 572 429 457 422 473 389 402 384 381 286 297 301 324 253 250 292 311 324 315 280 299 Gold coast 72 78 79 96 76 101 103 129 112 101 100 121 110 98 88 82 58 67 65 70 53 63 73 78 80 76 68 79 Sunshine Coast 52 59 57 65 49 60 58 69 56 56 52 60 51 75 71 69 53 65 69 82 63 50 58 62 67 65 58 63 West Moreton 25 26 24 26 19 22 21 23 18 28 25 27 22 30 26 25 22 16 21 28 23 15 19 21 21 17 11 8 Wide Bay/ Burnett 88 102 100 116 89 113 111 134 111 110 104 121 106 83 72 66 53 77 85 101 69 47 46 40 40 35 31 35 Darling Downs 47 57 56 66 51 65 65 79 66 85 82 96 85 118 115 117 93 82 90 108 82 99 113 117 121 125 133 180 South West 7 7 10 17 19 35 50 87 104 11 15 26 33 9 9 9 8 9 10 12 9 16 19 20 21 19 17 18 1981 2040 1782 1555 1208 1106 1218 324 409 434 378 260 267 303 232 236 225 265 269 233 253 101 85 97 103 87 78 56 406 447 447 327 317 201 142 226 260 329 434 373 410 559 42 190 157 61 37 64 75 Fitzroy 87 104 98 110 81 100 94 110 88 122 112 126 106 88 82 79 61 70 79 99 78 86 98 101 104 100 83 83 Central West 6 6 7 9 7 10 11 15 14 7 8 10 10 6 7 7 6 6 6 8 6 9 11 12 12 11 10 10 Mackay 94 104 84 80 50 52 42 42 28 50 39 37 27 43 76 104 55 45 24 28 23 29 38 46 54 58 52 56 399 386 448 355 309 362 370 28 44 39 30 26 38 43 361 186 155 250 152 137 219 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 47 51 53 63 51 67 69 87 75 80 79 96 88 60 57 56 43 65 76 93 75 42 45 48 48 43 37 47 Far North 37 39 43 56 49 70 77 105 98 83 88 116 114 74 70 68 50 56 60 71 58 51 61 65 67 63 54 59 North West 13 18 16 18 13 15 14 16 12 21 18 20 16 17 16 16 12 16 17 20 15 26 30 32 33 32 28 30 Queensland 1012 1139 1115 1287 984 1244 1219 1469 1212 1213 1144 1330 1154 1103 1075 1079 801 870 901 1044 807 782 902 952 992 959 862 966 214 274 331 261 277 209 175 175 301 386 327 238 235 243 65 57 71 64 64 103 123 4554 4916 4899 4411 3617 3443 3779 Queensland December 2014 = 100 116 131 128 148 113 143 140 169 139 139 132 153 133 127 124 124 92 100 104 120 93 90 104 109 114 110 99 111 45 Table A.8 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Private sector engineering value of work done – 2012-13 $ million Brisbane 1395 1417 1625 1916 1642 1650 1829 1560 1627 1342 1409 1317 1466 1404 1320 1324 1288 1332 1036 839 826 637 638 825 707 922 684 610 Gold coast 251 263 302 366 295 293 320 270 250 240 266 242 292 281 270 277 285 299 231 187 192 158 152 181 152 165 124 127 Sunshine Coast 381 399 456 553 445 377 207 187 177 170 189 172 208 200 192 193 186 195 151 123 128 106 112 122 102 115 88 90 West Moreton 39 40 46 56 45 45 49 41 38 37 41 37 44 43 41 48 51 53 41 33 34 28 27 32 26 24 18 19 Wide Bay/ Burnett 16 16 19 23 32 35 39 49 50 75 117 80 62 60 58 50 22 52 50 39 38 25 9 11 9 12 9 16 Darling Downs 388 406 603 736 604 649 766 764 758 764 876 787 990 964 927 848 420 395 306 247 252 206 198 210 160 131 96 99 South West 22 23 326 719 685 658 859 923 785 842 961 825 741 810 692 543 504 416 322 260 265 217 208 192 130 45 36 42 6353 6681 5695 5515 4496 2926 2923 1183 1178 999 1119 1002 683 569 1789 1217 709 793 655 468 394 181 180 152 176 179 120 86 73 154 322 230 163 83 46 2134 2783 3186 3729 1367 866 486 1090 3124 3412 2786 1502 883 253 Fitzroy 703 747 848 986 1985 3174 2470 3262 3316 3585 3452 3246 3947 3841 3712 3624 3288 2935 2342 1886 1872 1508 1807 1998 2462 2554 3163 3275 Central West 15 16 32 39 31 31 52 68 74 82 94 88 107 103 100 81 77 66 51 41 42 35 33 32 23 12 9 9 Mackay 643 674 713 546 436 469 990 1144 1277 1327 1513 1389 1693 1612 1479 1340 1089 746 580 470 422 768 744 363 283 226 179 174 3284 10891 13600 15124 10451 7184 11454 102 182 338 391 236 142 53 2576 3039 5505 6124 2885 2297 862 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 205 182 208 262 214 212 231 195 181 173 192 175 211 202 194 197 194 203 157 127 129 106 102 121 101 109 82 83 Far North 94 99 113 137 110 109 119 101 94 90 99 91 109 115 113 116 119 124 96 78 79 65 61 66 55 60 45 46 North West 155 149 123 234 208 207 225 280 286 274 303 277 361 339 261 217 137 144 112 87 74 61 59 66 41 113 116 248 Queensland 4307 4432 5415 6573 6732 7910 8156 8844 8913 9001 9513 8726 10231 9974 9358 8859 7659 6961 5476 4417 4355 3919 4150 4219 4249 4488 4650 4839 857 852 721 805 681 458 375 443 440 373 453 417 271 206 662 920 1140 1177 478 260 519 20728 31642 36153 38421 24512 16642 18226 Queensland December 2014 = 100 62 64 78 94 97 114 117 127 128 129 137 125 147 143 134 127 110 100 79 63 63 56 60 61 61 64 67 70 46 Table A.9 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Total engineering value of work done – 2012-13 $ million Brisbane 1832 1906 2113 2483 2073 2184 2333 2132 2056 1799 1831 1791 1855 1806 1704 1705 1574 1629 1337 1164 1079 887 930 1136 1031 1237 964 909 Gold coast 323 341 381 462 371 394 423 400 362 341 366 363 402 379 358 359 343 365 296 257 245 221 225 259 233 242 192 206 Sunshine Coast 432 458 513 617 494 437 265 256 233 227 241 232 259 274 263 262 239 260 220 204 191 156 170 184 168 180 146 153 West Moreton 64 66 70 82 64 67 69 65 56 64 65 64 66 72 67 73 73 69 62 62 57 42 46 53 46 41 30 26 Wide Bay/ Burnett 103 118 119 139 121 148 150 183 161 185 221 201 168 143 130 116 75 129 135 141 107 72 55 51 49 47 40 51 Darling Downs 435 463 660 802 655 714 831 843 825 849 958 883 1074 1083 1042 964 513 477 396 355 334 305 310 327 281 256 229 279 South West 30 30 336 736 703 693 908 1010 889 853 976 851 774 819 701 552 511 425 331 272 275 233 227 212 150 64 53 60 8334 8721 7477 7070 5704 4032 4141 1507 1588 1432 1498 1262 950 873 2021 1453 934 1058 923 701 647 282 265 249 279 266 198 143 480 602 768 557 479 284 188 2360 3043 3515 4163 1740 1276 1046 1132 3314 3569 2846 1539 947 328 Fitzroy 790 851 947 1096 2066 3273 2565 3373 3404 3708 3564 3372 4053 3930 3794 3703 3349 3005 2421 1985 1949 1594 1905 2098 2566 2654 3246 3358 Central West 21 22 39 48 39 42 63 84 88 89 102 98 116 109 107 89 83 72 58 49 48 44 44 44 34 23 18 20 Mackay 738 778 796 626 487 521 1032 1186 1305 1377 1552 1426 1720 1655 1556 1444 1144 791 604 498 445 797 783 409 336 284 231 230 3683 11277 14048 15479 10761 7546 11824 130 227 377 421 262 180 95 2938 3225 5660 6374 3037 2434 1081 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 252 233 261 326 264 279 300 282 256 254 271 271 298 263 251 254 238 268 233 220 205 147 147 168 149 152 118 130 Far North 131 138 156 193 159 179 197 206 192 173 188 207 223 189 183 184 169 181 156 149 138 116 122 131 123 123 99 105 North West 168 167 140 251 221 222 239 295 298 294 322 296 377 355 277 233 148 159 128 106 89 87 89 98 74 145 144 278 Queensland 5319 5571 6531 7860 7717 9153 9375 10313 10125 10213 10658 10056 11385 11076 10433 9938 8460 7831 6377 5461 5162 4701 5052 5171 5241 5447 5512 5805 1071 1126 1052 1066 958 667 550 618 741 759 779 655 507 449 726 977 1210 1241 543 363 641 25281 36558 41052 42832 28129 20085 22005 Queensland December 2014 = 100 68 71 83 100 99 117 120 132 129 130 136 128 145 141 133 127 108 100 81 70 66 60 65 66 67 70 70 74 47 Table A.10 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Public dwelling value of work done – 2012-13 $ million Brisbane 71 72 52 37 18 16 15 10 7 3 3 2 3 3 14 12 12 8 19 19 14 11 9 14 15 16 17 17 Gold coast 9 6 5 3 2 3 2 1 1 0 1 0 0 0 0 0 0 1 2 3 2 2 1 3 3 3 3 3 Sunshine Coast 6 5 4 3 2 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 West Moreton 1 1 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Wide Bay/ Burnett 15 19 16 12 3 2 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 Darling Downs 9 6 4 1 1 1 1 1 1 0 1 2 3 2 0 0 1 3 2 2 1 1 0 0 0 1 1 1 South West 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 233 59 16 32 58 48 65 23 9 2 0 5 8 13 17 4 0 0 0 2 0 3 2 2 0 0 0 0 61 5 1 2 2 2 1 20 4 4 5 8 3 2 1 0 1 1 0 0 0 Fitzroy 15 13 11 6 1 1 3 5 7 6 9 10 15 19 10 8 6 7 2 1 0 0 1 1 1 1 1 1 Central West 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mackay 4 6 8 6 5 1 1 1 1 1 2 2 2 1 1 1 1 1 0 1 1 1 0 0 0 0 0 0 45 10 32 52 16 2 3 1 2 0 0 0 0 0 25 8 6 4 2 2 0 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 42 24 16 13 15 14 7 5 2 1 3 6 10 11 6 4 3 2 1 3 5 7 8 6 7 7 7 7 Far North 19 16 11 8 7 5 2 1 2 3 3 4 3 6 2 2 3 5 5 7 6 8 10 14 15 16 16 17 North West 2 1 1 2 3 3 1 1 0 1 1 1 0 0 2 1 1 0 0 1 1 2 2 3 3 3 3 3 Queensland 194 170 129 91 58 48 34 28 22 16 24 28 37 43 36 28 26 28 32 39 32 33 32 42 44 46 48 50 95 42 11 31 10 26 28 54 15 12 13 20 39 64 6 9 3 3 2 7 12 584 168 90 144 124 139 188 Queensland December 2014 = 100 698 610 462 325 210 171 122 100 80 57 86 99 131 153 131 102 95 100 113 138 113 120 116 149 157 165 173 178 48 Table A.11 2010.3 2010.4 2011.1 2011.2 2011.3 2011.4 2012.1 2012.2 2012.3 2012.4 2013.1 2013.2 2013.3 2013.4 2014.1 2014.2 2014.3 2014.4 2015.1 2015.2 2015.3 2015.4 2016.1 2016.2 2016.3 2016.4 2017.1 2017.2 Fiscal year 2011 2012 2013 2014 2015 2016 2017 Total construction: value of work done – 2012-13 $ million Brisbane 4773 4992 5196 5855 5465 5276 5262 4795 4435 4201 4142 4206 4244 4200 4219 4362 4349 4487 4518 4344 4404 4326 4322 4533 4314 4605 4331 4251 Gold coast 1542 1260 984 1028 953 975 1048 1047 944 924 899 887 919 933 990 1233 1253 1156 1035 939 1049 1163 1169 1214 1176 1217 1180 1208 Sunshine Coast 937 965 938 997 891 837 720 687 589 595 584 571 848 944 860 754 664 681 695 669 688 679 754 771 757 760 724 725 West Moreton 177 176 170 171 151 148 158 158 141 160 155 150 149 159 151 149 145 141 141 136 134 120 129 142 136 138 130 127 Wide Bay/ Burnett 434 440 417 404 365 369 377 403 350 382 407 409 390 361 351 341 297 342 363 359 332 301 288 292 288 295 291 299 Darling Downs 708 730 930 1059 910 943 1061 1063 1026 1062 1182 1135 1318 1319 1274 1208 765 737 671 599 587 555 556 576 523 507 480 523 South West 51 49 353 757 726 711 926 1033 917 885 1006 880 804 847 724 572 531 445 350 288 292 251 245 231 170 85 74 82 20816 20798 16984 17024 17699 17585 17500 4814 4023 3653 4075 4383 4595 4781 3837 3136 2339 3406 2709 2891 2966 693 615 605 609 564 525 530 1695 1514 1549 1443 1361 1213 1172 3427 3976 4405 5119 2771 2273 2033 1210 3396 3688 2946 1614 1018 411 Fitzroy 1032 1087 1181 1311 2286 3503 2869 3731 3768 4160 4086 3943 4591 4388 4163 3998 3588 3212 2628 2164 2126 1767 2098 2314 2793 2905 3511 3632 Central West 32 33 56 62 50 50 71 94 99 99 109 106 126 117 113 94 87 77 63 54 53 48 49 49 40 30 26 27 Mackay 1161 1169 1071 837 676 713 1261 1450 1587 1726 1908 1779 2045 1970 1868 1731 1385 993 784 658 605 958 950 584 516 476 429 435 4611 12388 15957 17140 11593 8304 12840 182 265 413 450 280 200 123 4238 4101 6999 7613 3820 3097 1856 Queensland and Queensland region construction activity: Quarterly projection update – March quarter 2016 Northern 604 537 540 594 516 565 678 712 582 652 661 615 575 516 506 493 459 490 484 460 444 378 391 425 410 433 408 423 Far North 433 420 407 515 475 487 490 473 421 401 390 400 405 381 384 383 357 364 351 349 350 336 359 389 385 402 388 397 North West 196 195 162 270 238 242 261 319 325 320 347 326 402 390 316 260 164 171 141 117 101 100 103 114 91 164 164 299 Queensland 12079 12054 12405 13861 13703 14818 15184 15965 15185 15565 15875 15406 16816 16525 15919 15577 14043 13297 12223 11137 11164 10983 11413 11631 11598 12014 12135 12429 2276 2471 2510 2091 1893 1638 1674 1775 1926 1612 1552 1421 1433 1572 823 1060 1317 1369 593 418 718 50398 59670 62031 64837 50701 45191 48176 Queensland December 2014 = 100 91 91 93 104 103 111 114 120 114 117 119 116 126 124 120 117 106 100 92 84 84 83 86 87 87 90 91 93 49
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