Sydney parking fines cheaper than parking fees

May 23rd, 2011

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 park, but now the cost of meter parking in the city is set to rise even higher – to $7 an hour.

The NSW Government levy (which was doubled by the state labour government in 2009) forces hotels, councils and commercial carparks to pay up to $2040 a space every year.  The tax was supposed to discourage daily commuter traffic congestion in the Sydney CBD, however, because it is only imposed on offsite parking, it tends to encourage commuters to drive around until they find a kerbside park, which actually adds to the congestion.

Parking meter costs

At $7 per hour Sydney on street parking fees are the highest of all other major cities in Australia.  The next most expensive cities are Melbourne and Brisbane (at a maximum rate of $4 per hour), with Perth a little lower at $3.30 per hour, and Adelaide the cheapest at just 2.40 per hour for CBD parking.

So for on-street parking in Australian major city CBD’s (assuming you are actually allowed to park for more than an hour) you are looking at paying anywhere between $20 and $60 for the day.

Parking Station Fees

For off-street parking, or parking in commercial parking stations you can expect to pay significantly more (even in many cases at “early bird” rates), with Sydney CBD parking station rates costing up to $35 and hour or $142 per day. If you want the luxury of being able to come and go from, your parking spot as you please, you would normally expect to pay many hundreds of dollars a month.

The huge increase in costs associated with parking in Australian CBDs is fueling the demand for Private parking services like that being offered BY SpaceOut.  Spaecout provides a service that allows individuals and businesses with a spare parking space in areas of high demand, to rent it out to those desperately needing parking, but unable to justify the ever increasing costs of commercial parking services.  The parking space owner, turns their unused parking space into a regular income, and the commuter gets convenient and cheaper parking – often with 24×7 access.

See what’s currently available right now by clicking one of the links below :

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