Where the cranes are in Australia

And according to the article the national proportion of cranes have increased in Sydney and the raw numbers have virtually doubled on the Gold Coast...

AFR link:
Cranes spread across city skylines as construction activity surges, RLB says

 

Here's a direct link to the RLB crane index; it's published biannually in Q2 and Q4

http://rlb.com/wp-content/uploads/2016/04/rlb-crane-index-8th-edition.pdf

 

cannot be correct in the article- its heresay. I only see one crane on my drive home from work.

 

Can't be correct, there's no IT jobs in Brisbane apparently.

 

I know I know, most prefer anecdotes.I'm terribly sorry to be forever derailing threads with facts.

@JDP1 should know better than anyone, his job involves offshoring hundreds of other jobs. Bellhops and Barista's, the brave new economy for the SE.

A cafe with single origin and a Westfield is gentrification right?..Brisbane to the moon!

 

haha..not entirely..that was more of a once off..in any case, in a lot of cases its not wrong- think of it as making room for high value jobs. The low value jobs can be done cheaper and more efficiently somewhere else. Just the forces of globalisation. Anyone who fights that might as well invest in a mining town because thats wxactly what will happen

 

Could also be due to the unseasonally hot weather:

 

So the cranes have finally got to what resembles the edges of the swamp land in an obvious effort to trap the unsophisticated (and less paranoid) investors.

Datto, are you calling the top of the market?

 

I think the market peaked about 12 months ago in Mt Druitt.

Do people actually invest outside this area? Sash?

 

New info

Total crane numbers have peaked across Australian cities, index shows

If you can't be bothered opening the link, cranes have continued to increase in number in Sydney and Melbourne and have seemed to have dropped off or been stagnant everywhere else.

Edit:
Link to full original publication:
RLB | Publications

Parramatta itself was written to have 15 cranes, and Epping NSW to have 9 cranes. I am fully aware of building activity going on in these locations. These two Sydney localities meets Perth's total, and beats Adelaide, Canberra.



Suburban Sydney residential cranes:
Location of cranes generally follows the rail lines (which makes sense):


Now for the birds... I don't know their locations. But I saw a family of 4 scrub turkeys on my way to work yesterday. Which is double (or more) than what I would usually see. Pity it ain't Christmas?

 

I've said it many times, the Gold Coast has HUGE growth ahead. We are at the start of a massive decade long transformation. We will continue to see cranes and construction on the Gold Coast for many years to come. The easy play here is to buy prime developable land as close to the beach or light rail route as possible.

 

I think everyone should stick north of the Rio grande..

 

Did you notice that the number of Gold Coast cranes decreased from the specified year to the next?

 

Is the decrease in cranes soley due to completions and few new mooted developments or a change of sentiment? How are DAs tracking?

 

Crane total across Australian cities has peaked, RLB Crane Index shows
Developers are slowing," said RLB's head of research and development Stephen Ballesty. "They're just not finding the sites or the money."

So they calling it peak????

 

Go Darwin!!! What an epic fall from grace...

If ever there was a case study into the risk of high rise, Darwin would have to be it.....

 

LOL
At least you are taking advantage of the situation

 

Hell yeah! Good for me!

But I've got a lot of friends who bought 2 bedders for 580k....worth 350 now...if and that's a big if you can find a buyer.....
Meanwhile rents have tanked cause they built way too many.....this **** is going to take years and years to sort out.

I was in Brissy the other day......I can see a similar problem on the brew there too...

Take care out there folks!

 

Perth third on the list..... just shows, don't pay too much attention of this list

Sounds like Perth, however we are now seeing buyers jumping in, but still price sensitive.

 

Sydney crane index over time... Based off all the available data, continually going north.... For the time being, there is still plenty of demand.