In a further sign the construction phase in Sydney and Melbourne is slowing, the number of cranes in both cities is down with projects stalling due to economic uncertainty.
While some cranes are shifting to the other previously laggard cities of Perth and Brisbane, the overall national number has dropped by 5 per cent, according to the latest Rider Levett Bucknall Crane Index covering the six months ending March 31.
For example, the $1.8 billion Brookfield development above Wynyard train station in Sydney has been delayed because of difficulties in securing building supplies. According to the RLB Crane Index, 299 cranes were in Sydney, 196 in Melbourne, 58 were in Brisbane, 37 in Perth and 15 in Adelaide.
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