Crane Activity Maps Multi-level Construction Boom

cranes
Source: Sourceable.net

Crane activity throughout Australia is on a high indicating the multi-level residential construction is also booming.

A report by The Rider Levett Bucknall (RLB) indicates that 427 cranes were seen in operation in the second quarter of 2015, as compared to 324 in the third quarter of 2014 – a significant increase of almost 32 per cent.

Sydney, Melbourne, Brisbane and Perth are enjoying particularly high levels of crane activity.

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Another Boost to Residential Construction Provided

residential construction
Source: Newsystemhomes.com.au

The latest cut in the interest rate is expected to provide a welcomed boost to the residential construction market in the country.

The Reserve Bank lowered the official cash rate by 25 basis points from 2.25 percent to 2.0 percent suggesting that construction, particularly residential construction is likely to pick up even further.

Find out more here.