Following on from our recent post ‘Are car park bays good investments?’, we thought we would republish some figures relating to how much car parks are selling for across Australia: are you sitting down?
- The record price in Australia is $240,000 for a single lock-up space in Brighton Boulevard in Sydney’s North Sydney CBD car spaces are now selling for between $40,000 and $140,000 each
- Average Brisbane CBD prices for a car space reached $45,000, increasing by around $10,000 over the past few years, due to tighter building parking rules and a drop in the number of available spaces
- The premium placed on the value of a home in Sydney’s Paddington by virtue of an off street parking space is around $150,000; it adds around 10% more on rental values in most parts of Sydney
Read more on The Australian’s site here