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

Cardinals Notch Victory Against Knights

first_imgThe Cardinal Golf Team traveled to Dearborn Country Club, Tuesday evening, to face the South Dearborn Knights. St Louis came home with a win with a final score of 184 to 189.Scoring for St Louis was done by Jackson Wanstrath, Cael Rahe, and Eli Vogelsang.Thursday the Cardinals have their next match at North Branch vs St Mary’s of Greensburg.Courtesy of Cardinals Coach Randy Streator.last_img

Nadal motivated by love of game, not Grand Slam record

first_imgBy Rory CarrollNEW YORK (Reuters) – Rafa Nadal moved within one Grand Slam title of tying Roger Federer’s all-time mark of 20 on Sunday but even after adding a fourth U.S. Open to his collection the Spaniard said it was his love of the game, not records, that motivates him.Nadal fended off a late comeback from Daniil Medvedev to win a five-set classic at Flushing Meadows, winning a 19th slam that also took him three clear of Novak Djokovic’s 16 titles.“I am playing tennis because I love to play tennis,” Nadal told reporters. “I can’t just think about Grand Slams. Tennis is more than Grand Slams. I need to think about the rest of the things.“I play to be happy. Of course, the victory of today makes me super happy.” It is anyone’s guess who among the ‘Big Three’ will finish their career with the most slams.At 33, Nadal may have the edge on Federer, the 38-year-old Swiss crashing out of the U.S. Open in the quarter-finals and failing to add to his Grand Slam titles since winning the 2018 Australian Open. If nowhere else, Nadal will be a hot favourite at the French Open, where he has won a record 12 titles including the last three.He said that while he was honoured to be part of the battle to be crowned the greatest of all time, and thrilled if it attracted more fans to the game, he would still sleep well if he comes up short.“You can’t be all day looking next to you about if one having more or one having little bit less because you will be frustrated,” he said. “All the things that I achieved in my career are much more than what I ever thought and what I ever dream.“I would love to be the one who have more. But I really believe that I will not be happier or less happy if that happens or not happen,” he said. “What gives you the happiness is the personal satisfaction that you gave your best. “In that way I am very, very calm, very pleased with myself.”last_img read more