Sydney crane watch: 87 new residential cranes added across Sydney, but 119 removed

The largest development based of crane number is the 180 George development in Parramatta with four cranes.

Sydney crane watch: 87 new residential cranes added across Sydney, but 119 removed
Sydney crane watch: 87 new residential cranes added across Sydney, but 119 removed

Sydney record its fourth consecutive small fall in cranes, according to the Q1 2021 RLB Crane index.

The index has now fallen from 197 in Q3 2019 to 177 currently. The decrease of six index points represents a net loss of 11 cranes for this edition.

During the past six months there have been 155 cranes removed throughout Sydney and 144 new cranes added, with 286 cranes currently across Sydney.

Domenic Schiafone, Rider Levett Bucknall’s Oceania Director of Research and Development commented, “these past six months has seen the country slowly accelerate towards a post covid ‘new normal’. 

Sydney crane watch: 87 new residential cranes added across Sydney, but 119 removed

“The federal government’s stimulus measures have assisted the economy but the impact on construction is seeing the industry operate at two speeds.

"Residential detached housing, assisted by both federal and state incentives, does not appear to have suffered from any COVID hangover at this stage. Government sponsored civil projects continue to expand across the nation while education and civic projects also have grown sharply this edition,” he said. 

Sydney's residential sector has seen the largest net loss of cranes with the commencement of 87 new cranes and the removal of 119, bringing the total count to 195, the lowest number of residential cranes since Q4 2015.

Residential cranes still make up 68.2% of total crane activity.

The largest development based of crane number is the 180 George development in Parramatta with four cranes.

Across Sydney’s five main regions, decreases were seen in the west, inner city and east whilst increases were seen in the north and south region. The increase of fourteen cranes in the north was the largest growth region. West Sydney in comparison recorded the biggest decrease of thirteen cranes.

Inner Sydney saw 44 cranes added with the removal of 53 cranes, bringing the total crane count to 83, the lowest number of inner Sydney cranes since Q1 2016.

Residential cranes fell by eight cranes in Sydney's east, with eight new cranes added and 16 removed. The residential sector still makes up 88% of crane activity in the east.

Cranes across the north recorded a rise of 14 cranes to now total 71. A total of 39 cranes were added to sites and 25 cranes were removed.

Residential cranes continue to be centred on the main arterial corridors in the north and can be found in 30 suburbs including Asquith, Carlingford, Castle hill, Cremorne, Crows nest, Dee Why, Epping, Gladesville, Gordon, Hornsby, Lane Cove, Lane Cove north, Macquarie Park Manly, Manly Vale, Maroubra, Meadowbank, Melrose Park, Narrabeen, Neutral Bay, Northbridge, Palm Beach, Pymble, Ryde, Seaforth, St Leonards, Thornleigh, Turramurra, Warrawee and Wentworthville.

Residential cranes across the south were sighted in 19 suburbs including Arncliffe, Beverley Park, Bexley north, Blakehurst, Caringbah, Cronulla, Dolls Point, Engadine, Hurstville, Kogarah, Kyle Bay, Miranda, Oran Park, Ramsgate, Redfern, South Hurstville, Sutherland and Woolloware.

The region of Sydney West saw 31 new cranes and 44 removals bringing the region’s total to 61. The drop of 13 cranes was due to the completion of a number of residential projects across the region.

Residential cranes fell by 15 for this period. 46 residential cranes are situated in 22 suburbs across the west. Suburbs include Bankstown, Belfield, Blacktown, Canterbury, dundas, Edmondson Park fairfield, Granville, Jordan Springs, Liverpool, Mays hill, Merrylands, Mount druitt, Padstow, Parramatta, Penrith, Rouse hill, Schofields, Seven hills, St Marys, Villawood and Westmead.

Residential cranes were removed from projects in Bankstown, Belfield, Casula, Edmondson Park, Granville, Liverpool, Merrylands, Mount druitt, Parramatta, Penrith, Punchbowl, Rouse hill, Schofields, Sefton, and Westmead.

 

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Sydney Cranes

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