There’s more evidence that the high-rise apartment boom has taken another leg-up, with the number of cranes jumping in the six months to June 2016, to be up 165% since 2014. From Fairfax:
Rather than statistics, some people prefer more anecdotal indicators, such as the number of cranes around town. A crane index from Rider Levett Bucknall, a quantity surveying firm, shows the crane count is up 165 per cent since 2014.
The full text of this article is available to MacroBusiness subscribers
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.
