australian parking fees amongst most expensive worldwide

August 5th 2009

If you've been thinking that it seems expensive to park your car these days, then you are absolutely right. In fact Australian cities are some of the most expensive in the world, with three Australian capitals ranking in the top ten worldwide for monthly parking rates.

The Colliers International parking rate survey, an annual review of Parking Rates across 140 city parking districts around the world, recently released their 2009 results. Sydney, Brisbane and Perth all ranked in the top 10 of the most expensive median monthly parking costs in the world.

With a median parking rate of $733, Sydney CBD was the most expensive in Australia and the fifth most expensive in the world. Perhaps surprisingly, #2 in Australia and 7th worldwide was Brisbane ($660), with Perth coming in a close 3rd in Australia and #9 globally at $645 per month. Melbourne came in fourth in Australia ($425) followed by Adelaide ($275) and Canberra ($255).

If you are struggling to find a parking space at a price you can afford (or are willing to pay), it could very well be worth your while to take a look at an online service called SpaceOut (www.spaceout.com.au). This new service provides listings of different types of spaces available for rent - Australia wide, and whilst they specialise in private storage spaces for homes and businesses, they also have a category for parking spaces. And the spaces they currently have available are a good deal cheaper than those detailed in the Colliers study.

In early August, the Average cost for parking Space listings on SpaceOut was dramatically cheaper than the monthly rate from the Colliers as outlined in the following table :

City	SpaceOut	Colliers
Sydney	$199	$733
Brisbane	$166	$660
Melbourne	$155	$425

And whilst there are currently not many parking space listings available in Perth, there is quite a strong demand for spaces - with a number of Parking Space Wanted listings.

Andy Henderson, one of the founders of SpaceOut says "We have seen very strong growth recently in our parking Space Listings, and when we became aware of the Colliers research data, we could certainly understand why. People are desperate for cheaper parking options, and that’s something that SpaceOut can help them with".

SpaceOut offers Free listings for anyone wishing to advertise their own unused Parking Space for Rent, or to add a Space Wanted listing (if you are looking for a parking space in a particular area). Take a look now - http://parking.spaceout.com.au