Market Update on Commercial Construction

With the holiday season well behind us now, we are powering into the New Year full steam ahead.  With a positive lift in activity towards the end of 2015 we have several new projects commencing in South East Queensland this year.

These are a mix of investors and business owners.  Investors are seeing an upturn in business activities and demand for premises and can see now is the time to invest in new projects.  And business owners too are generally feeling more confident and are seeing the benefit of building their own premises both as a way of getting a building that suits their business and as an investment.

rlb-crane-index-chart
It’s not only us who are seeing a positive lift in activity. The construction industry as a whole is very active. You can see by just driving around either the Gold Coast or Brisbane how many projects are under construction. There’s a lot of construction happening around the place with cranes up everywhere.

One measure that is used to monitor the health of the construction industry is the Crane Index with Q2 2016 showing strength in the industry.

The index, which tracks the number of cranes in the key mainland cities within Australia, has risen by 145% since the commencement of the Crane Index in Q4 2013.

The survey shows significant growth on the Gold Coast with a number of projects going on in both residential and commercial. All of this shows that now’s a great time to start your next project. A growing market is often the best time, especially at this stage in the cycle!

Call 1300 11 25 11 if you’d like to talk to us about your project.