Territory Stories

Territory economic review

Details:

Title

Territory economic review

Other title

Economic Group

Creator

Northern Territory. Department of Treasury and Finance

Collection

Territory economic review; Department of Treasury and Finance newsletters; PublicationNT; E-Journals

Date

2014-12-01

Notes

Made available via the Publications (Legal Deposit) Act 2004 (NT).; This publication contains may contain links to external sites. These external sites may no longer be active.

Language

English

Subject

Northern Territory -- Economic conditions -- Periodicals

Publisher name

Northern Territory Government

Place of publication

Darwin

File type

application/pdf

Copyright owner

Northern Territorty Government

Parent handle

https://hdl.handle.net/10070/254030

Citation address

https://hdl.handle.net/10070/534437

Related items

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

Page content

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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