Section 94A Development Contributions Plan - Narrabri Shire ...

Narrabri Shire Section 94A Development Contributions PlanTable 5 - Residential Building Approvals, Narrabri Shire (as at 30 June 2005-09)2005 2006 2007 2008 2009Private Sector houses 17 33 24 46 24Total dwelling units 19 33 24 58 28Source: ABS National Regional Profile: Narrabri (November 2010 Release)Analysis of ABS data relating to building approvals between 2005 and 2009 shows that whilst the number ofresidential approvals declined, over the same period the value of non residential building approvals within NarrabriShire increased significantly to more than $20m (refer to Figure 2) - adjusted to represent 2009/10 dollars. Whenthe Capital Investment Values (CIV) of the building approvals are adjusted to take account of CPI 2 and BPI wecan measure real growth and not inflation.Figure 2 - Value of Non Residential Building Approvals (adjusted), Narrabri Shire, 2005-0925.0Value of Building Approval $m20.015.010.05.0CPI AdjustedBPI Adjusted0.02005 2006 2007 2008 2009Source: ABS, National Regional Profile, Narrabri Shire Council, Adjusted by Hill PDATables 6 and 7 provide a summary of Councils own data and confirm that the commercial and industrial sectorhas been growing with approvals granted in 2009/2010 valued at $17m more than 1999/2000. Furthermore, theslowdown in the residential market is fairly minor with growth at less than 0.5% per annum (CPI adjusted)whereas the growth in the industrial and commercial sectors has been significant at 16.8% growth per annum (CPIadjusted).Table 6 - Adjusted Capital Investment Value of Development Approvals, 1999-2010Net Difference Net DifferenceCPI Adjusted 3 BPI Adjusted 4 Not AdjustedCPI Adjusted BPI Adjusted1999/2000 1999/2000 2009/2010 99/00 - 09/10 99/00 - 09/10Dwellings/Townhouses 5,943,686 6,485,792 6,439,640 495,954 -46,152Residential and Rural Additions 2,373,901 2,590,418 2,277,932 -95,969 -312,486Commercial Industrial Buildings 4,751,433 5,184,797 22,522,061 17,770,628 17,337,264Total Value of Work 13,069,020 14,261,007 31,341,581 18,272,561 17,080,574Source: Narrabri Shire Council and Hill PDA2ABS Definition - The CPI is a current social and economic indicator that is constructed to measure changes over time in the general level of prices ofconsumer goods and services that households acquire, use or pay for consumption.3Adjusted to 2009 / 2010 Dollars4Adjusted to 2009 / 2010 DollarsRef: C11092 Page | 12 Hill PDA