Craig

Trent is with me taking a look at the construction industry and we should just stop down and have a look at what is likely to happen with regard to the interest rates.

Now, the RBA is watching all of this conflict in the Middle East.

understandably, because of the interest rates.

There is only one way that that is unfortunately likely to hit in the next few months.

It's interesting because there's a lot of talk about the construction industry slowing down, but the reality seems to be quite different.

Across Australia, we're seeing very high levels of activity with more than 800 cranes operating nationwide.

I always find this quite interesting because it's a great index.

The more cranes that are out there and operating, the busier the country is.

Yeah, and if you take Melbourne as an example, residential projects used to dominate, but now they make up a smaller share as major infrastructure projects are ramping up, as you are talking about.

And Sydney still leads the country when it comes to construction activity.

It holds a significant share of all cranes nationwide, well ahead of other cities.

All right, Trent.

Well, good to catch up and talk about some of those construction costs around the country.

It is a good point to make as we will definitely see that rising just as a result of what is happening in the Middle East.

Great to have you on the Real Estate Breakfast.

Enjoy your day and enjoy the upcoming long weekend.

Thanks, Greg.

Going into these war-torn countries years ago, which was, let's face it, extremely dangerous work, and then suddenly in the UAE, bombs are dropping from Iran.

Everybody that knows you has probably been calling you for a reaction.

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