RLB CRANE INDEX®
There are now five long-term cranes on projects in the Wellington region, down from 10 cranes in the previous edition of the index
Q3 2024
Highlights
Wellington’s RLB Crane Index® value fell from 111 points in the last edition to a record low of 56 index points.
Two new commercial long-term cranes were placed on-site at the Sludge Minimisation Project on Moa Point.
Seven long-term cranes were removed from:
Residential
- Hyde Lane Apartments, Alpha Street
Recreation
- NaeNae Pool Redevelopment
- Waterfront Cycleway (Near Ngauranga Intersection)
Civil
- National Archives
Commercial
- Molesworth Street
- Ferry Terminal
Educational
- Living Pa Redevelopment
Overall building work put in place in the Wellington region decreased by 5.8% in the first half of the 2024 calendar year, falling to $1.5b. Building consents also
fell by 9.2%. During the same period last year, there was a total of $1.2b of work consented, compared to $1.1b in 2024.
Q3 2024
Summary
| Region | Change | |
|---|---|---|
| WELLINGTON | -5 | |
| Sector | Change | |
|---|---|---|
| AGED CARE | N/A | |
| CIVIC | N/A | |
| CIVIL | -1 | |
| COMMERCIAL | 0 | |
| DATA CENTRES | N/A | |
| EDUCATION | -1 | |
| HEALTH | 0 | |
| HOTEL | N/A | |
| MIXED USE | N/A | |
| RECREATION | -2 | |
| RESIDENTIAL | -1 | |
| RETAIL | N/A | |
Q3 2024
Crane Activity
By Region
OPENING / CLOSING COUNT COMPARISON
| OPENING COUNT | MOVEMENT | CLOSING COUNT | |||||
|---|---|---|---|---|---|---|---|
| Q1 2024 | % | NET | Q3 2024 | % | |||
| WELLINGTON | 10 | 7.2% | 2 | -7 | -5 | 5 | 4.0% |
By Sector
OPENING / CLOSING COUNT COMPARISON
| OPENING COUNT | MOVEMENT | CLOSING COUNT | |||||
|---|---|---|---|---|---|---|---|
| Q1 2024 | % | NET | Q3 2024 | % | |||
| AGED CARE | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| CIVIC | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| CIVIL | 1 | 10.0% | 0 | -1 | -1 | 0 | 0.0% |
| COMMERCIAL | 3 | 30.0% | 2 | -2 | 0 | 3 | 60.0% |
| DATA CENTRES | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| EDUCATION | 2 | 20.0% | 0 | -1 | -1 | 1 | 20.0% |
| HEALTH | 1 | 10.0% | 0 | 0 | 0 | 1 | 20.0% |
| HOTEL | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| MIXED USE | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| RECREATION | 2 | 20.0% | 0 | -2 | -2 | 0 | 0.0% |
| RESIDENTIAL | 1 | 10.0% | 0 | -1 | -1 | 0 | 0.0% |
| RETAIL | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
| TOTAL | 10 | 7.2% | 2 | -7 | -5 | 5 | 4.0% |
RLB CRANE INDEX®
PREVIOUS EDITIONS
-
Crane Index
New Zealand Q1 2024 Crane Index
While the overall value of building activity and consents are at (or near) record highs, New ...
Read -
Crane Index
New Zealand Q3 2023 Crane Index
The 20th edition of the RLB Crane Index® highlights a fall of 17 points or 8.5%. This is the ...
Read -
Crane Index
Record number of long term cranes for…
According to today’s release of the Q1 2023 RLB Crane Index®, a record 157 long-term cranes were ...
Read -
Crane Index
Residential sector continues to power the NZ…
Following the Omicron outbreak and peak earlier in 2022, construction has continued at pace, even in...
Read