Construction work underway at Broadbeach on the Gold Coast.According to surveyor RBL, a total of 685 cranes are currently located on projects across Australia, with 350 in Sydney, 151 in Melbourne and 116 in Brisbane and on the Gold Coast. Mr James said there was nothing in the data to change CommSec’s belief that official interest rates won’t change for at least a year. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Apartments under construction in Newstead, Brisbane. Photo: Glenn Hunt.Across the four major sub-sectors in the survey, engineering construction activity expanded for a seventh consecutive month to hit 10-year highs. Government spending on road, rail and public transportation-related infrastructure projects continues to drive engineering jobs, wages growth and construction work. The home building sector also expanded in October, though at a slower rate of growth. PROPERTY BEATS SUPER HANDS DOWN BRISBANE’S PRESTIGE MARKET ON FIRE PLENTY OF HOMES FOR HORSE LOVERS More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours agoApartment-related activity picked up, but it remained at contractionary levels as new orders softened and investor demand continued to wane following recent lending restrictions.Ai Group head of policy Peter Burn said the outlook for the apartment sub-sector was for a continuation of the orderly retreat from historically high levels that had been evident over the course of 2017. “There may still be plenty of cranes visible on new apartment sites but there are now many less than was the case a year ago,” he said. Construction work across Australia has picked up for a ninth straight month, new figures show. Photo: AFP/Armend Nimani.CONSTRUCTION work across the nation has picked up for a ninth straight month, but the cranes are starting to disappear from apartment sites, according to new figures.The Australian Industry Group Performance of Construction index eased to 53.2 in October from 54.7 in September.Any reading above 50 signifies expansion or growth of activity, however the pace of growth has been slowing since July. Apartments under construction in Newstead, Brisbane. Photo: Glenn Hunt.Housing Industry Association principal economist Tim Reardon said house building had continued to cool modestly throughout the year and he expected that to continue into 2018.“The easing in the pace of contraction in the apartment side of the market is welcome news in a market that has slowed over the year,” he said.CommSec senior economist Craig James noted the survey showed infrastructure-related construction work was booming across the nation. “While mining projects have been completed, the handover to non-mining sources of construction, especially road, rail and transport projects are driving growth and creating jobs,” he said in a note to clients.