The New South Wales Government issued an announcement to Sydney residents in January forecasting an upcoming “year of construction”.
In the midst of large-scale road and rail projects, residents were asked to be understanding and patient.
Rider Levett Bucknall (RLB) released its quarterly crane index, which indicates that 350 out of 685 operating cranes in Australia are in Sydney.
In the past 10 years, Barangaroo has been a popular location for construction. The city’s second casino is projected to be built by 2021.
“Every single crane in the sky is more evidence of another home, another school, another hospital, another business in our capital,” said NSW Treasurer Dominic Perrottet.
With merely 151 cranes deployed in Melbourne, 85 in Brisbane and 31 in Gold Coast, Sydney clearly takes the crown.
These numbers signal a construction boom in Australia’s biggest city, featuring projects such as WestConnex, NorthConnex, Sydney Metro and two light rail lines. Work is also set to begin on the western Sydney airport.
In the 2016-17 financial year, residential activity took a 12 per cent leap. Generally in NSW, construction work rose by 7.5 per cent.
RLB’s John Cross explains that the index indicates an inclination towards high-density living.
“The crane index is a very simplified measure of I suppose the current state of the larger construction projects in Australia,” Cross analysed.
“Walking around the suburbs within Australia I think the rise of residential multi-dwelling apartment blocks over the five to ten years has been the norm, obviously land is expensive.”