The national skyline is dominated by steel giants as construction hits new levels for office towers, industrial warehouses and apartment towers.
The 21st edition of the Rider Levett Bucknall (RLB) RLB Crane Index, covering the third quarter of 2022, reveals that the number of cranes across the country has risen to 868, the highest number since the inception of the survey in 2012.
Rider Levett Bucknall’s Oceania director of research and development, Domenic Schiafone said in the past six months 300 new cranes were added on development sites, and 245 were removed. With the additional 55 cranes, there is now a total of 868 cranes in operation nationally.
But he said that cranes are staying up on sites longer due to staff shortages, bad weather and supply chain issues, which are blowing out construction costs.
“If cranes providing logistical assistance to multi-storey developments remain on site longer than anticipated due to weather events and supply chain disruptions, the cost of preliminaries increase, causing overall costs to rise,” Schiafone said.
“With the additional 55 cranes, there is now a total of 868 cranes in operation nationally, a new high in the RLB Crane Index since its inception in 2012.”
One of the many developments is at Barangaroo with apartments and new retail areas.
The RLB Crane Index LB Crane Index measures construction activity in cities around Australia. In this edition, the consulting group broke from tradition and introduced a churn rate, which is calculated as the number of cranes removed in a period, divided by the closing number of cranes, and expressed as a percentage.