Cradle Coast RegionEconomic profile
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Murchison Area

Building approvals

The value of building approvals in Murchison Area was $35m in the 2016-17 Apr FYTD financial year.

This dataset shows the total assessed value of building approvals for construction in Cradle Coast Region by financial year in millions of dollars. The dataset is updated monthly to include the current financial year to date, and includes residential and non-residential building approvals separately. The percentage of the state total is shown.

Building approvals for an area can be highly variable over time, particularly in the non-residential sector. Construction may take several years from the date of approval. A high rate of building approvals can indicate a growth area with a construction-led economy. A low rate of building approvals may indicate a settled area with established infrastructure, or an area with little growth. Note that this dataset is not adjusted for inflation.

Value of total building approvals
Value of total building approvals NonResidential: $12,552 Residential: $22,825 NonResidential: $28,692 Residential: $32,737 NonResidential: $9,044 Residential: $22,526 NonResidential: $17,689 Residential: $20,157 NonResidential: $14,324 Residential: $30,103 NonResidential: $48,508 Residential: $20,207 NonResidential: $18,091 Residential: $27,856 NonResidential: $35,766 Residential: $26,391 NonResidential: $48,627 Residential: $28,022 NonResidential: $40,064 Residential: $26,203 NonResidential: $14,736 Residential: $23,115 NonResidential: $10,307 Residential: $20,128 NonResidential: $20,018 Residential: $23,608 NonResidential: $7,268 Residential: $18,352 NonResidential: $14,084 Residential: $11,100 NonResidential: $4,005 Residential: $10,426
Source: Australian Bureau of Statistics, Building Approvals, Australia, catalogue number 8731.0. Compiled and presented in economy.id by .id the population experts
Value of total building approvals
Murchison AreaTasmania
Financial yearResidential $('000)Non-residential $('000)Total $('000)Residential $('000)Non-residential $('000)Total $('000)Murchison Area as a % of Tasmania
2016-17 Apr FYTD22,82512,55235,377529,755409,003938,7583.77%
2015-1632,73728,69261,429719,107557,0231,276,1304.81%
2014-1522,5269,04431,571583,038685,0251,268,0632.49%
2013-1420,15717,68937,847582,624682,8401,265,4642.99%
2012-1330,10314,32444,427507,715427,389935,1044.75%
2011-1220,20748,50868,714610,376424,1061,034,4816.64%
2010-1127,85618,09145,947801,023454,6851,255,7093.66%
2009-1026,39135,76662,157801,393753,1051,554,4984.00%
2008-0928,02248,62776,649764,833500,9701,265,8036.06%
2007-0826,20340,06466,267689,500502,6531,192,1535.56%
2006-0723,11514,73637,852635,198398,4941,033,6923.66%
2005-0620,12810,30730,435567,404283,224850,6283.58%
2004-0523,60820,01843,626540,237320,134860,3715.07%
2003-0418,3527,26825,621553,856187,018740,8753.46%
2002-0311,10014,08425,184324,746201,475526,2214.79%
2001-0210,4264,00514,431272,872168,115440,9873.27%

Source: Australian Bureau of Statistics, Building Approvals, Australia, catalogue number 8731.0. Compiled and presented in economy.id by .id The population experts

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