The total number across Sydney increased by nine to 319, while Melbourne saw a decline to 213, according to a count undertaken by surveyors Rider Levett Bucknall.
For the southern capital, the Dandenong rail corridor in Melbourne emerged as a key area.
Overall the residential sector suffered the most number of removals with a loss of nineteen cranes, but offsetting these losses were new cranes erected within the commercial and mixed use sectors.
The rise in commercial and civic cranes mirrors the new inner-city developments in Sydney, such as the $5 billion revamp of Circular Quay and Barangaroo, and Lendlease's Melbourne Quarter and Dexus Property's 80 Collins Street precinct.
Visually, cranes across Sydney appear to be following the significant spend on transport infrastructure
The index shows Australia is up four cranes compared to the previous edition released last month, rising to a new record of 739 long-term cranes (excluding Wollongong.) The complete total is 757 cranes across the country.
Rider Levett Bucknall Oceania director of research and development Domenic Schiafone said the ongoing changes in government infrastructure spending and planning schemes is evident as the location of cranes gravitate along key transportation-corridors and activity centres.
"Crane numbers in Sydney increased by nine to 319, up from 310 previously. What is key is that 189 cranes were added to sites around Sydney indicating a strong forward workflow for the next twelve months. 180 cranes were removed from completed developments in the past six months," Mr Schiafone said.
The number of cranes dotted across Melbourne is falling.
"Visually, cranes across Sydney appear to be following the significant spend on transport infrastructure in the past five years creating defined lines of activity. These are north along the Pacific Highway, west along Parramatta Road, north-east along the M2 and south along the Kingsway."
He said the residential sector continues to dominate the Melbourne skyline with 145 cranes across 43 suburbs in Melbourne which is down from 69 suburbs six months ago. A movement towards the CBD has taken place this period with 60 per cent of all cranes centred on inner Melbourne.
Significant crane additions were seen in the health sector at Royal Victorian Ear and Eye Hospital, Mecwacare in Malvern, Goulburn Valley Health in Shepparton and Northern Hospital in Epping.