Sydney leads high-rise apartment blitz

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By Leith van Onselen

There high-rise apartment boom took another leg-up in the six months to March, with the number of cranes jumping 20%, albeit with two-thirds of this increase coming from Sydney. From The AFR:

Sydney alone accounted for two-thirds of the 114 new cranes that rose across Australian skylines from six months earlier, quantity surveying firm Rider Levett Bucknall’s latest crane index shows.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.