RLB CRANE INDEX®
Wellington’s RLB Crane Index® value fell from 133 points in the last edition to 111 points.
Q1 2024
Highlights
Wellington’s RLB Crane Index® value fell from 133 points in the last edition to 111 points. There are now 10 long-term cranes on projects in the Wellington region, down from 12 cranes in the previous edition.
Three new cranes were placed on sites at the following projects:
- 61 Molesworth Street
- Ferry Terminal (two cranes)
Five long-term cranes were removed from:
Residential
- 212 Apartments
- 34 Haining Street
- Oxford Terrace
Aged Care
- Summerset Boulcott (Lower Hutt)
Civil
- National Archives
Overall building work done in the Wellington region decreased slightly by 0.6% in 2023, to reach $3.2bn. Building consents also fell by 16% over the same period; in 2022 there was a total of $2.7bn of work consented, compared to $2.3bn in 2023.
Q1 2024
Summary
| Region | Change | |
|---|---|---|
| WELLINGTON | -2 | |
| Sector | Change | |
|---|---|---|
| AGED CARE | -1 | |
| CIVIC | N/A | |
| CIVIL | -1 | |
| COMMERCIAL | 3 | |
| DATA CENTRES | N/A | |
| EDUCATION | 0 | |
| HEALTH | 0 | |
| HOTEL | N/A | |
| MIXED USE | N/A | |
| RECREATION | 0 | |
| RESIDENTIAL | -3 | |
| RETAIL | N/A | |
Q1 2024
Crane Activity
By Region
OPENING / CLOSING COUNT COMPARISON
| OPENING COUNT | MOVEMENT | CLOSING COUNT | |||||
|---|---|---|---|---|---|---|---|
| Q3 2023 | % | NET | Q1 2024 | % | |||
| WELLINGTON | 12 | 8.3% | 3 | -5 | -2 | 10 | 7.2% |
By Sector
OPENING / CLOSING COUNT COMPARISON
| OPENING COUNT | MOVEMENT | CLOSING COUNT | |||||
|---|---|---|---|---|---|---|---|
| Q3 2023 | % | NET | Q1 2024 | % | |||
| AGED CARE | 1 | 8.3% | 0 | -1 | -1 | 0 | 0.0% |
| CIVIC | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| CIVIL | 2 | 16.7% | 0 | -1 | -1 | 1 | 10.0% |
| COMMERCIAL | 0 | 0.0% | 3 | 0 | 3 | 3 | 30.0% |
| DATA CENTRES | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| EDUCATION | 2 | 16.7% | 0 | 0 | 0 | 2 | 20.0% |
| HEALTH | 1 | 8.3% | 0 | 0 | 0 | 1 | 10.0% |
| HOTEL | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| MIXED USE | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| RECREATION | 2 | 16.7% | 0 | 0 | 0 | 2 | 20.0% |
| RESIDENTIAL | 4 | 33.3% | 0 | -3 | -3 | 1 | 10.0% |
| RETAIL | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| TOTAL | 12 | 8.3% | 3 | -5 | -2 | 10 | 7.2% |
RLB CRANE INDEX®
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