Property price hikes continue to slow, but annual growth at highest level in more than 30 years.

Australia’s booming property market has reached record highs in the face of extended lockdowns and growing affordability constraints, resulting in the strongest annual growth in more than 30 years.

Crane numbers reflect changing housing demand

Crane numbers reflect changing housing demand

The number of cranes across Australian city skylines rose to 691 in Rider Levett Bucknall’s latest count, the first increase in two years, as education and infrastructure projects pushed the number of cranes on non-residential work to its highest level since counting began in 2013.