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Australia Brisbane going through 'significant' construction boom, new report says

15:55  08 april  2021
15:55  08 april  2021 Source:   9news.com.au

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In an impressive millstone of COVID recovery for Queensland, Brisbane is going through a building boom – with cranes becoming a more common sight in the city's skyline.

In a report that would be approved by Sir Joh Bjeilke Peterson himself, Brisbane's crane index has seen a significant rise in the past six months, the best since the start of the COVID pandemic.

Consultancy firm Rider Levett Bucknall's newest look into the River City has revealed 16 suburbs are among those benefitting from a total of 71 cranes across the city, 48 of those being newly set up.

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map: In an impressive millstone of COVID recovery for Queensland, Brisbane is going through a building boom – with cranes becoming a more common sight in the city's skyline. © 9News In an impressive millstone of COVID recovery for Queensland, Brisbane is going through a building boom – with cranes becoming a more common sight in the city's skyline.

Residents in Ascot, Brisbane City, Cannon Hill, Coorparoo, East Brisbane, Fortitude Valley, Hawthorne, Indooroopilly, New Farm, Newstead, Norman Park, Seven Hills, South Brisbane, St Lucia, Woolloongabba and Yeronga would've noticed more construction.

The surprise boom is coming in mid-rise developments, driven by Sydney and Melbourne's investment.

"There's a lot of money flowing from those cities, into Brisbane, with apartments being bought unseen," Paul Megram from RLB told 9News.

Among that tally includes nine cranes utilised in building Queen's Wharf, assisting in moving anything and everything around the site that will become Brisbane's largest entertainment district.

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a large building: In a report that would be approved by Sir Joh Bjeilke Peterson himself, Brisbane's crane index has seen a significant rise in the past six months, the best since the start of the COVID pandemic. © 9News In a report that would be approved by Sir Joh Bjeilke Peterson himself, Brisbane's crane index has seen a significant rise in the past six months, the best since the start of the COVID pandemic.

The construction boom also means jobs, with over 600 tradies alone working at Queen's Wharf and a targeted 1500 by December.

"I'm happy we've got nine cranes, we'll have 10 soon," Simon Crooks from Destination Brisbane Consortium told 9News.

There's even an eleventh crane helping build the new 320 metre pedestrian bridge to Queens Wharf, making it the largest construction project in the region.

However, industry experts said ventures like these are hiding a contraction in construction that's been driven by the pandemic.

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a large body of water with a city in the background: The surprise boom is coming in mid-rise developments, driven by Sydney and Melbourne's investment. © 9News The surprise boom is coming in mid-rise developments, driven by Sydney and Melbourne's investment.

Jon Davies from the Australian Constructors Association said the amount of work out there for construction workers is still down.

"Over the year, residential activity is still down 6.7 per cent .. Engineering works fell by 2.1 per cent .. and construction of commercial buildings has flatlined," Mr Davies told 9News.

"If we don't get a move on and expedite some of these projects in the pipeline, there could be a real problem in 12 to 18 months time for sure."

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This is interesting!