Economic indicators show the economic performance of The Hills Shire within a national and regional context. The performance of the national economy has a significant influence on the economy. The Construction sector is very important in Australia’s economy, and the value of new building approved in an area is a good indicator of the health of that sector. As well as providing direct jobs in building construction, building activity also provides a growing infrastructure for the economy, and allows the population to grow by building new dwellings. It also points to demand for housing and non-residential construction as an underlying driver of the economy.
Value of building approval data are sourced from the Australian Bureau of Statistics, Catalogue number 8731.0 – Building Approvals, Australia. This is a monthly publication, with the data here presented quarterly. Data may be revised up to a year after publication.
The value of approval data includes all approved residential building valued at $10,000 or more and all approved non-residential building valued at $50,000 or more. Value of building work excludes the value of land, and also excludes landscaping, but includes site preparation costs. Both new dwellings and alterations and additions to existing dwellings are included in the residential approvals.
Data presented here are the "Original" series, which has not been seasonally adjusted or smoothed to remove anomalies. Seasonal adjustment is not available at a level, so for comparison purposes the state and national figures shown here are also "Original". Seasonally adjusted and trend figures are more often reported on a national basis by the ABS and the media, so for this reason, the figures shown here may not match those often reported.
Source: Australian Bureau of Statistics, Building Approvals, catalogue number 8731.
This dataset shows the value (in thousands of dollars), of all building approvals in The Hills Shire.
Information about residential building approvals can be found in the The Hills Shire community profile
Please refer to the data notes for more information.
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