CBD parking costs through the roof

Following up from our post last week, ‘Colliers International Global CBD Parking Rate Survey’, the Sydney Morning Herald has published their take on the report, including additional information about the cost of investing in car parks as a property investment, and commentary from Wendy Machin of the NRMA.

Whilst the inclusion of Sydney in the Top 10 most expensive cities for parking is perhaps expected, it is surprising to see Brisbane and Perth also in the Top 10, This is probably one area where Aussies would prefer not to be amongst the ‘top’ performers in the World!

Forget petrol costs, Sydney shares world top billing for parking fees.

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