Car parking space is big business around Melbourne. A 2015 Herald Sun article stated the Real Estate Institute of Victoria found inner city Melbourne single car spaces are being sold as high as $98,000, which equates to $8,500 a square metre. This figure compares to a medium price of real estate in a blue-chip neighbourhood being sold for $4,586 / square metre.
In a recent article in The Age, transport reporter Adam Carey stated from a Colliers International report, that while the number of people working in the heart of Melbourne has increased by over 15,000 since 2009, only 2,607 non-residential parking spaces have been provided. Adding to this, there’s even more of a need for car parking spaces as Melbourne has seen a revival in its retailing centre.
And while Melbourne parking spaces might be the hottest piece of real estate right now, for Divvy parkers, car parking is affordable and can be reserved well ahead of time. Put your mind at rest knowing exactly where you are going to park and how much it will cost with Divvy.
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