Parking rates are high, but I'm not sure they're high enough to justify paying $190,000 for a single car space in Sydney makes sense. But even the cheapest inner-city spots routinely sell for $40,000. Would you be tempted to buy at that price?
Picture by Simon Sees
We've recently highlighted how much costs vary for casual parking in different Australian cities, so it's clear that there's rarely a cheap way to get a car into the CBD. But $190,000 would buy you an awful lot of taxi trips.
I'd like to know: have you ever purchased a car space, or considered doing so? What was the main reason, and how would you set a budget? Share your thoughts in the comments. (I also discussed this issue on Ten Breakfast this morning; you can check the video here.)