The trend estimate for the total value of construction work completed in Australia rose by 1.8 per cent from the second to the third quarter (Q3) of the year, figures from the Australian Bureau of Statistics (ABS) show.
However, in seasonally adjusted terms, the work completed fell by 2.1 per cent to $41.4 million (£25.6 million) quarter on quarter.
Looking specifically at building work done in the quarter, such as the construction of Australian properties, the trend estimate rose by 2.5 per cent.
The seasonally adjusted estimate of total building work carried out, however, fell by 2.7 per cent to $21.7 million (£13.4million).
In terms of engineering work, the trend estimate rose 0.9 per cent in Q3 but fell by 1.4 per cent in seasonally adjusted terms.
Earlier this month, Frank Gelber, chief economist for BIS Shrapnel, wrote in the Australian newspaper that investment in the construction and mining industries will help the economy to grow and Australia's property market to pick up.
Posted by Ravin Chatlani
