If you’ve ever read any of investment guru Robert Kiyosaki’s books on wealth creation, you know that he only classes true assets as things that are income producing. This idea has been controversial, particularly when it comes to the humble home and the emotions that surround it. But we’ve uncovered some very clever ways to […]

An increase in on-street parking fees in the Melbourne CBD and an above-inflation rate rise are the key announcements in a tough first-year Melbourne City Council budget. On-street parking will increase from $4 an hour to $5.50 an hour – and increase of 37.5 per cent – and follow increases in the state budget for […]

Once again, Brisbane has won the dubious distinction of Australia’s Most Expensive Parking Rates. The RACQ’s annual audit of capital city off-street parking costs examined the parking rates of all Australian CBDs, and has determined that at an average cost of a whopping $27.94 per hour, Brisbane is Australia’s most expensive CBD for one-hour parking. […]

Suburban residents are turning their households into commercial property by cashing in on a new trend to rent out parking spots and spare rooms as storage units. The new form of commercial property has been fuelled by demographic changes, which have squeezed storage in some high-density areas, while ensuring space to spare in the growing […]

The recent announcements of paid parking at Westfield Shopping Centres in Brisbane has created lots of controversy over the last few months, but may end up being a bonus for local home and business owners. Paid parking was introduced this week at Chermside Shopping Center – with plans to implement it at Westfield Carindale in […]

An article in Brisbane’s biggest newspaper, the Courier Mail has highlighted what SpaceOut members have known for some time – that renting out a parking space can be a great little money earner.  The story – Demand for inner-city carparks creates property boom as unused bays become prime rentals, by Robyn Ironside states : Students and […]

A NSW Government parking tax is being blamed for making city parking prices soar.  Parking fees have increased to such an extent that motorists are finding it cheaper to pay a parking fine than to pay the standard parking station fees. After London, Oslo and Tokyo, Sydney was already the world’s fourth dearest city to […]

A new online service is currently being developed to help create public parking spaces from otherwise “off-limits” private driveways. Park Circa coordinates a community of members who are either looking for a parking space or have parking facilities available. Members are able to list their driveway parking space as available when it’s not in use […]

If you can hold on for for a maximum of 6 minutes (but usually 2 or 3), Dr Cleo Cresswell of Macquarie University says you can find a carpark in even the busiest Shopping Centres this Christmas season!   As a mathematician, Dr Cresswell has worked out just how to easily locate a parking spot without […]

In an earlier post entitled Big Brother is watching you Park we outlined how city councils throughout Australia are in the process of installing parking sensors that automatically notify parking officers when a car has stayed longer than it should. In stark contrast to this,  a company in Paris is using similar sensors to help […]