RLB CRANE INDEX®

105
-12 (10.0%)

Perth’s RLB Crane Index® fell from 116 to 105 index points.

Q1 2024

RLB CRANE INDEX®

PERTH

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

RegionChange
PERTH -5
SectorChange
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
Increase in number of cranes
Decrease in number of cranes
Crane numbers steady

Q1 2024

Crane Activity

By Region

OPENING / CLOSING COUNT COMPARISON

OPENING COUNTMOVEMENTCLOSING COUNT
Q3 2023%NETQ1 2024%
PERTH505.7%17-22-5455.2%

By Sector

OPENING / CLOSING COUNT COMPARISON

OPENING COUNTMOVEMENTCLOSING COUNT
Q3 2023%NETQ1 2024%
AGED CARE12.0%10124.4%
CIVIC12.0%0-1-100.0%
CIVIL00.0%00000.0%
COMMERCIAL510.0%2-20511.1%
DATA CENTRES00.0%00000.0%
EDUCATION510.0%2-11613.3%
HEALTH00.0%00000.0%
HOTEL00.0%10112.2%
MIXED USE00.0%10112.2%
RECREATION00.0%00000.0%
RESIDENTIAL3876.0%10-18-83066.7%
RETAIL00.0%00000.0%
TOTAL505.7%17-22-5455.2%