Australia's Crane Count Hits Record High

The latest report from Rider Levitt Bucknall reveals that the number of construction cranes in Australian cities has reached a record high. The crane count increased by 56 to reach 896, surpassing the previous peak set in October 2012.

According to the RLB Crane Index, residential projects account for 58 percent of all cranes, with an increase from 473 to 516. Data centre construction also saw a rise, adding 14 more cranes to reach 50 in total. Cities like Melbourne, Brisbane, Perth, and the Gold Coast reported growth, while Sydney experienced a decline.

This surge indicates strong activity in housing and data centres but highlights challenges such as rising material costs due to geopolitical tensions and labour shortages. For tradespeople, this means continued demand for their services despite potential economic headwinds.

Source: Sourceable. Summarised by QuoteTrades.