Christchurch has seen the greatest net gain in cranes this period, now representing 24 cranes. However, this is due to the ten cranes on site at the Te Kaha Christchurch Stadium putting upward pressure on the recreation category, while residential sits at just two cranes, the same as the civic, civil, education and health categories. In the nation’s capital, Wellington, only 10 long term cranes sit on projects, down from 12 six months ago. These are dominated by non-residential sectors of commercial, recreation, education and health with only one residential project requiring a crane.
Smaller markets such as Dunedin have seen an increase in activity, now with seven long term cranes, dominated by the New Dunedin Hospital’s inpatient and outpatient building projects. Tauranga is another growth market, now up to six cranes, all of which are for non-residential projects, with increases coming from the commercial and civic sectors. Conversely, Hamilton has halved its crane count, down to two civic projects, after the removal of cranes at the Union Square project and Awatere Retirement Village.
Queenstown has seen no net change, with six cranes removed and six erected, totalling 11 cranes, with residential being the feature of activity in the region representing 54.5 per cent. Commercial projects also are prominent including the Skyline, 9 Brunswick Street, Central Street and 1094 Frankston Road projects. With building consents for residential developments down across all markets, the outlook will remain subdued for this segment of the market for the remainder of 2024.
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