RLB CRANE INDEX®
When comparing current and historical crane numbers for Melbourne, Sydney, and nationally, it is evident that Melbourne’s crane activity is falling. Melbourne’s count of 178 cranes is marginally above the average of 174 cranes since Q1 2015. Current crane numbers in Sydney and nationally are well above their respective averages of 310 and 708.
RESIDENTIAL CRANE INDEX
The residential index (which accounts for the number of cranes on residential projects across the country) rose to a record high of 178 points. This also represents the highest index value since the inception of RLB’s Crane Index. 554 cranes are currently on residential projects across the country.
NON-RESIDENTIAL CRANE INDEX
The non-residential index rose to 285 points, five points lower than the record high of 290 achieved in Q3 2022. This index remains at an historically high level, indicating the overall strong activity of non-residential projects across the country.