Crane count measures the Botox Boom

Thursday, 28 September 2017

Via the AFR:

Housing construction continues to defy predictions of a collapse, with increasing residential cranes across Australian skylines pushing the total number to a new high of 685, the latest RLB Crane Index shows.

More new cranes went up on housing projects than were taken down, pushing the number of home-building cranes up to 551 this month from 547 six months earlier. In addition, rising numbers of cranes on hotels, civil and mixed-use projects pushed the total up to its highest since the quantity surveying firm began the regular count in 2012.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.