Territory economic review
Northern Territory. Department of Treasury and Finance
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Northern Territory -- Economic conditions -- Periodicals
Northern Territory Government
Northern Territorty Government
https://hdl.handle.net/10070/534440; https://hdl.handle.net/10070/534442; https://hdl.handle.net/10070/534443; https://hdl.handle.net/10070/534445; https://hdl.handle.net/10070/534438
Territory Economic Review 7 Construction Construction activity in the Territory at record levels Major projects driving engineering and non-residential construction Private residential unit and house construction at record levels Construction activity associated with major projects continues to drive economic growth in the Territory. In the year to September 2014, total construction work done in the Territory was at record levels at $6.3 billion. Engineering In the year to September 2014, engineering construction work done in the Territory increased by 41.2 per cent to $4.5 billion (Chart 8). This is the highest level of on recorded and more than double the ten year average of $2.1 billion. Chart 8: Year on year change in engineering construction activity, Northern Territory, year to September 2014 Source: ABS, Construction Work Done, Cat. No. 8755.0 Non-residential In the year to September 2014, non-residential construction work done increased by 1.8 per cent to $1.0 billion. This was driven by a 123.1 per cent increase in public non-residential building, driven by the development of the Robertson Barracks Joint Logistic Unit. Private non-residential building decreased by 15.4 per cent in the year to September 2014, reflecting the winding down of the Darwin Correctional Precinct and the Ichthys Workers Accommodation Village. Private residential Private residential construction activity increased by 19.9 per cent to $724 million, in the year to September 2014 (Chart 9). Growth in private residential construction was driven by a number of large scale unit developments in Darwin and Palmerston. Public residential In the year to September 2014, total public residential construction activity increased by 1.5 per cent to $52 million in the Territory. Public residential construction activity has been moderating over the past year since the peak of $374 million in the June quarter 2011. Despite the moderation, public construction activity remains relatively robust. The decline in public sector residential activity primarily reflects the winding down of works related to the Strategic Indigenous Housing and Infrastructure Program. Chart 9: Residential construction, Northern Territory, moving annual total Source: ABS, Construction Work Done, Cat. No. 8755.0 -80 -60 -40 -20 0 20 40 60 80 100 120 05 06 07 08 09 10 11 12 13 14 15 % Year ended June 0 100 200 300 400 500 600 700 800 05 06 07 08 09 10 11 12 13 14 15 $M SIHIP Year ended June Total Private Public
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