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The Spacer Technologies content team is a dedicated group of writers and experts with a deep-rooted passion for the sharing economy. Our team is committed to creating informative, engaging, and valuable content across our various platforms. With a keen eye for detail and a talent for simplifying complex topics, we strive to empower our audience with knowledge and insights about the benefits of shared spaces.
Reading time : 4 mins
Imagine leaving your house an hour early but still finding yourself running late for a very important appointment. This is because you have been circling the block for the past hour, looking for an empty car space in the parking garage near your office. You have also been unable to locate an available street parking space. It’s just a constant source of frustration, isn’t it?
Finding a convenient car park near your office or workplace can be a nightmare, especially if you are looking for space in the central business district. This becomes extra difficult if you want to park near a hospital, a school, an airport or public transport terminal.
Many one-bedroom apartments today don’t come with car spaces, forcing you to let go of your car, not buy a car at all or looking for car spaces somewhere else. These scenarios present challenges like taking public transport every day and looking for that elusive car space whenever you travel. For some, the permanent solution to this problem is to buy an expensive car space or look for a double garage for sale, especially if you have multiple cars in the family.
In some extreme cases, car parks can cost more than your vehicle. In Kirribilli, a car spot was sold at $120,000 at an auction. In Potts Point, a 26-square-meter parking spot on the ground floor of The Chimes building was sold for $264,000, representing the highest recorded price for a parking spot in the area. Other high prices for parking spots are for a car park in Elizabeth Bay, sold for $210,000 in 2014; a $240,000 parking space in North Bondi’s Brighton Boulevard; and a double garage sold for less than $200,000 in Bondi Beach in 2010.
A listing for a garage for sale in Melbourne, particularly a 13-square-meter car space, could cost from $25,000 at Daly Street to as high as $126,000 at Franklin Street. Similarly, a garage for sale in Sydney in Park N Fly at Botany Road in Mascot is quoted at $140,000 plus GST. Â On the other hand, asking price for a listing at 360 Harris Street, Pyrmont is around $42,000 plus GST.
For some, parking spaces are no longer considered a necessity. People who buy real estate properties will now have to pay an additional $50,000 to $200,000 for the privilege of owning a parking space. As such, some are willing to forego the parking space and choose to use bicycles or public transport due to the difficulty in finding parking spaces.
Sydney now has a total of 28,939 parking spaces, whilst Brisbane has 25,633. There are 41, 687 parking spots in Melbourne. The need for parking spaces is a problem not just in Australia, but also in other countries. In cities worldwide, 30% of the land is devoted to roads and 20% is required for off-street parking. In cities in North America, parking lots account for 30% to 60% of the total land surface.
Aside from parking, homeowners also use garage for storage. The first thing you have to consider is what you will use the parking space for. If you have multiple family cars, you will need to adjust your garage requirements. An average one-car garage size is 12 feet wide and 22 feet deep. This is made to fit one car and could be converted into a small bedroom.
A double garage for sale is usually 18 feet wide and 20 feet deep. You may also see 20 x 20, 22 x 22, and 20 x 22 garages. A triple garage, with a size of typically 32 feet wide and 22 feet deep, is perfect for additional storage and bigger family cars.
If you are not looking for a garage for sale in Sydney or a garage for sale in Melbourne and only prefer renting a parking space for the day, week or month, you can find the best options at parkhound.com.au. You can easily compare prices and you are assured that you will get online parking options that are cheap and convenient.
For as low as $230 a month, you could get a parking space you need. You could also save time, money, and effort. With Parkhound, you have a selection of indoor, outdoor, off-street and secure parking spaces near your target location. Book with Parkhound today!
The Spacer Technologies content team is a dedicated group of writers and experts with a deep-rooted passion for the sharing economy.
Our team is committed to creating informative, engaging, and valuable content across our various platforms.
With a keen eye for detail and a talent for simplifying complex topics, we strive to empower our audience with knowledge and insights about the benefits of shared spaces.
The Spacer Technologies content team is a dedicated group of writers and experts with a deep-rooted passion for the sharing economy.
Our team is committed to creating informative, engaging, and valuable content across our various platforms.
With a keen eye for detail and a talent for simplifying complex topics, we strive to empower our audience with knowledge and insights about the benefits of shared spaces.
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