Brisbane and Gold Coast construction cranes show growth
Cranes on the skyline of Brisbane and the Gold Coast are a healthy sign of a growing economy.
In 2012 there weren’t too many cranes across both cities skyline which obviously indicate a very sluggish economy. But the councils are now enjoying the inundation of construction applications.
City leaders say it means millions of dollars’ worth of spending on new infrastructure and improvements such as footpaths, road upgrades and public infrastructure.
Documents show this year’s income reflects the current high level of building and development activity across both cities and is higher than the previous peak of in 2009-2010.
That figures achieved before the Global Financial Crisis (GFC), was in stark contrast to when the market bottomed out 2011-2012 and revenue plummeted.
Both cities are enjoying a wave of confidence with significant heat coming into the property market at the moment. Brisbane increased to 23 cranes, and the Gold Coast increased to 18 cranes.