Car parks are hot property in Sydney, too

Image: Property Observer
Image: Property Observer

As reported in the Property Observer, a spirited auction for an undercover Potts Point car space fetched $264,000.  This price reflected around $10,000 per square metre.

In an area that has been described as the toughest in Australia to find a car space – with almost 25,000 residents living in a 1.89 square kilometre, restaurant mecca footprint, parking comes at a premium.

While nothing close to the prices being paid in SoHo, New York City, the result is a new record for Sydney, eclipsing the $240,000 paid for a 16 square metre single car parking space at North Bondi in 2010.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our blog
  • You can unsubscribe at any time using the link in our emails. For more details, review our Privacy Policy.
  • This field is for validation purposes and should be left unchanged.
Subscribe to receive the latest Wayfinding Blog straight to your inbox.
  • This field is for validation purposes and should be left unchanged.