Construction picks up, but cranes disappearing from apartments

first_imgConstruction 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.center_img 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.last_img read more

ATP blacklists companies for links to cluster bombs, mines

first_imgIt also added Russian manufacturer Motovilikha Plants JSC, Chinese firm Norinco and South Korean weapons and machine tools maker S&T Dynamics to the list.According to details on ATP’s exclusion list, S&T Dynamics is being excluded because of anti-personnel mine manufacture, whereas the other six corporates were added because of cluster bombs.The exclusion list now contains 28 companies.Cluster bombs work by ejecting smaller bombs over a wide area mid-flight and because of this are said to be dangerous for civilians – both during attacks and for a long time afterwards, as many remain unexploded for some time.Their use is prohibited by countries that have ratified the 2008 Convention on Cluster Munitions.According to Dutch peace campaign group PAX, cluster bombs have been used in the past decade in Iraq, Lebanon, Israel, Georgia, Cambodia, Libya, South Sudan, Ukraine and Syria — where they are still being used. Denmark’s DKK700bn (€66.6bn) labour-market supplementary pension fund ATP has added seven stocks to the list of companies it will not invest in on social responsibility grounds, with most of the newly blacklisted firms found to be involved in making cluster bombs.ATP said it added the seven companies to its exclusion list even though the pension fund did not actually invest in them.“The companies are either directly or indirectly involved in the production of weapons that contravene conventions,” it said.ATP said it was blacklisting Romanian military aerospace technology manufacturer Aeroteh, Israeli weapons and auto components manufacturer Ashot Ashkelon, China Aerospace International Holdings – the Hong Kong subsidiary of China’s main satellite developer China Aerospace Science and Technology Corporation – and China Spacesat.last_img read more

FB : Syracuse unable to stop running quarterback for 2nd straight week; Chew’s streak snapped

first_imgSyracuse’s defense had no answer for B.J. Daniels.The Orange felt it was ready for the South Florida quarterback going into the game. It had success against Daniels in a win last year, limiting the dual-threat signal-caller to 123 total yards and forcing him to throw two interceptions.But this time around did not go as planned for SU.‘We knew that B.J. was a truly gifted guy who could do it with his arms or his legs and could throw the ball,’ free safety Phillip Thomas said. ‘We prepared pretty well for it. Things didn’t come out the way it was supposed to be.’Daniels beat the Orange with his arm and his legs Friday, amassing 371 total yards in USF’s 37-17 romp in the Carrier Dome. For the second straight week, SU failed to contain a running quarterback as Daniels ran 21 times for a team-leading 117 yards. And the senior’s success came without the Bulls’ leading rusher or receiver on the field due to injuries.AdvertisementThis is placeholder text‘I thought B.J. Daniels played arguably one of his best games since he has played here,’ USF head coach Skip Holtz said. ‘He stood in the pocket and made some key throws on third down in the second half. He utilized his feet when he needed to. He made some plays.’Connecticut had great success using a read-option offense with quarterback Scott McCummings and running back Lyle McCombs last weekend against the Orange. The Huskies picked up 198 yards on the ground in a 28-21 win over SU.South Florida used the same formula Friday to gash the Orange for 236 yards rushing, and Daniels was at the heart of that attack.On USF’s second play, the Bulls went to the zone read for the first time, where the quarterback has the option of giving the ball to his running back or keeping it himself. Daniels faked the handoff to Demetrius Murray around the left end and took it up the middle through a huge hole. The play could have gone for a huge gain, but Daniels tripped himself up and fell untouched after a 7-yard pickup.‘He’s a good quarterback,’ SU middle linebacker Marquis Spruill said. ‘He played the zone read very well. … He just got the better of us.’But it was more than just Daniels’ athleticism that SU struggled to defend. Daniels also went 23-of-34 for 254 yards in the game. He completed passes to 11 different receivers, did not throw an interception and was not sacked in the game.And it was Daniels who really put the game away in the fourth quarter.After SU wide receiver Alec Lemon dropped a fourth-down pass in the end zone, the Bulls quarterback led his team on a scoring drive to put the game out of reach.South Florida led 23-10 with just less than 10 minutes left and took over on its own 17. Daniels started the drive with a zone-read keep up the middle for a 9-yard gain. Three plays later, he bounced another run down the left sideline for a 30-yard pickup to the SU 22.Daniels ran for 46 yards on the drive and threw for 22 more before Murray capped it off with a 2-yard touchdown run to push the lead to 30-10.‘B.J. Daniels played an excellent football game,’ Holtz said. ‘He has really matured as a quarterback. He is not just an athlete that plays quarterback. He has truly become an athletic quarterback who can stand in the pocket.’Chew’s consecutive catch streak endsThough Syracuse’s receivers struggled with drops throughout the loss to USF, one of its starters watched from the sideline.Van Chew had one pass thrown his way in the first quarter and that was it for the senior wideout. Chew made a catch in 22 straight games entering Friday’s contest, but he left the game with an undisclosed injury after just the one target.Syracuse quarterback Ryan Nassib threw his first pass of the game for Chew. Nassib faked a handoff and went deep downfield, but the ball was overthrown and Bulls cornerback Kayvon Webster almost came up with the pick.There was no contact between Chew and Webster on the play, and it did not appear the receiver got hurt, but he was not involved in the offense the rest of the game.SU head coach Doug Marrone said Chew’s disappearance was not performance-related.‘He got hurt today,’ Marrone said. ‘He was banged up.’zjbrown@syr.edu Published on November 14, 2011 at 12:00 pm Commentscenter_img Facebook Twitter Google+last_img read more