RLB CRANE INDEX®
Perth’s RLB Crane Index® fell from 116 to 105 index points.
Q1 2024
Highlights
The index represents a total of 45 cranes across the city, slightly down from the 50 cranes reported previously. A total of 17 cranes was added to developments, offset by 22 removals.
The residential sector continues to dominate in Perth, accounting for more than 66.7% of all cranes.
Cranes were added at the following projects:
Residential projects
- Student Housing (Wellington Street)
- Common Ground Housing (East Perth)
- Victoria Sreet (Midland)
- Olive Street Apartments (Subiaco)
- Marine Parade Apartments (Cottesloe)
- Eclat Apartments (West Perth)
- Zera Nedlands (Nedlands)
- Lucida Apartments (Como)
- Oasis Apartments (Mount Pleasant)
- Modele Apartments (Como)
Non-Residential projects
- Nine the Esplanade (Perth, commercial)
- Reid Library (Crawley, education)
- Joondalup Storage (Joondalup, commercial)
- Woolstores Shopping Centre (Fremantle, mixed use)
- Dorsett Hotel (Perth, hotel)
- Kalamunda Senior High School (Kalamunda, education)
- Melvista Aged Care (Nedlands, aged care)
Twenty-two cranes were removed from projects in: Perth CBD, South Perth, Shenton Park, Claremont, Dalkeith, Mosman Park, Dalkeith, Karrinyup, Burswood, Scarborough, Applecross, Fremantle, Nedlands, Jolimont, Armadale and Northbridge.
Western Australia’s residential sector saw a 9.0% increase in the preliminary value of work done in the 2023 calendar year, compared to the previous year. The apartment sector increased by 15.0%, while houses grew by 8.8%. The non-residential sector grew to $5.4bn worth of work done, an increase of 12.2% over the $4.8bn recorded in 2022. Preliminary engineering activity rose by 17.6% for the year. Overall, preliminary activity rose by 15.0% (or $4.8bn) for the calendar year.
Q1 2024
Summary
| Region | Change | |
|---|---|---|
| PERTH | -5 | |
| Sector | Change | |
|---|---|---|
| AGED CARE | 1 | |
| CIVIC | -1 | |
| CIVIL | N/A | |
| COMMERCIAL | 0 | |
| DATA CENTRES | N/A | |
| EDUCATION | 1 | |
| HEALTH | N/A | |
| HOTEL | 1 | |
| MIXED USE | 1 | |
| RECREATION | N/A | |
| RESIDENTIAL | -8 | |
| RETAIL | N/A | |
Q1 2024
Crane Activity
By Region
OPENING / CLOSING COUNT COMPARISON
| OPENING COUNT | MOVEMENT | CLOSING COUNT | |||||
|---|---|---|---|---|---|---|---|
| Q3 2023 | % | NET | Q1 2024 | % | |||
| PERTH | 50 | 5.7% | 17 | -22 | -5 | 45 | 5.2% |
By Sector
OPENING / CLOSING COUNT COMPARISON
| OPENING COUNT | MOVEMENT | CLOSING COUNT | |||||
|---|---|---|---|---|---|---|---|
| Q3 2023 | % | NET | Q1 2024 | % | |||
| AGED CARE | 1 | 2.0% | 1 | 0 | 1 | 2 | 4.4% |
| CIVIC | 1 | 2.0% | 0 | -1 | -1 | 0 | 0.0% |
| CIVIL | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| COMMERCIAL | 5 | 10.0% | 2 | -2 | 0 | 5 | 11.1% |
| DATA CENTRES | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| EDUCATION | 5 | 10.0% | 2 | -1 | 1 | 6 | 13.3% |
| HEALTH | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| HOTEL | 0 | 0.0% | 1 | 0 | 1 | 1 | 2.2% |
| MIXED USE | 0 | 0.0% | 1 | 0 | 1 | 1 | 2.2% |
| RECREATION | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| RESIDENTIAL | 38 | 76.0% | 10 | -18 | -8 | 30 | 66.7% |
| RETAIL | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| TOTAL | 50 | 5.7% | 17 | -22 | -5 | 45 | 5.2% |
RLB CRANE INDEX®
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