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Melbourne, Sydney in the top four most expensive cities to park your car

By Tim Beissmann |

Melbourne and Sydney are the third and fourth most expensive cities to park in on any given day, according to new global survey.

The 2011 Colliers International Global CBD Parking Rate Survey found that Melburnians pay a median rate of $US69.53 for daily parking, just behind Oslo ($US89.04) and Copenhagen ($US73.11) at the top of the list.

Sydney slotted in below Melbourne at a daily rate of $67.42, making Australia’s two largest capital cities more expensive than bigger global hubs like London ($US65.97), Tokyo ($US62.00) and New York ($US41.00).

Brisbane ranked 14th ($US41.09) on the list of 156 global CBDs, while Perth ranked 26th ($US32.66).

The survey compared covered and underground parking spaces in prime central business districts. The parking rate data was collected in June 2011 and includes all relevant taxes.

‘Daily parking’ was defined as areas that “the customer is permitted to park for a full day and is not impacted by ‘early bird’ restrictions”. The survey measured hourly rates rather than daily deals, which is why the rates are higher than a single motorist would generally pay to park for a day.

The cheapest city to park was Jakarta, Indonesia, where the median daily parking rate was just $US0.92.

When monthly parking rates were compared, Perth was the most expensive Australian city, coming in at seventh overall at $US717.43.

Sydney, Melbourne and Brisbane were close behind at ninth, 11th and 14th respectively, with monthly CBD parking rates of $US695.31, $US598.39 and $US568.89.

London topped the monthly list with a monthly median rate of $US1083.59.

Monthly rates were calculated by comparing ‘unreserved parking’ spaces, where the customer is guaranteed a space upon entry.

The survey is intended to provide corporate real estate executives with relative parking expenses, on a daily and monthly basis within countries and across borders.

What do you make of the results? Are you surprised by the rankings? Do you think the method of measuring the parking rates was too unrealistic? Let us know your thoughts in the comments section below.


 
  • Matt M

    It would be fine if Melbournes public transport fares wernt so expensive (most expensive in Australia) and Melbourne didnt have the countries worst train network. I think the parking operators know that people are running out of choices.
    Sydney though, you would be insane to park in the city, when you can just get the bus/train/tram/ferry. My mates in Sydney never drive in anymore, transport is getting cheaper and better up there. For example in peak, from martin place to bondi junction there is a train every 4 minutes!

    • G

      couldn’t agree more.

    • Jack

      I used to work in the city, and commute from Bondi to Martin Place, and whilst the trains come every 5 minutes during peek they are quite often still above capacity. When you combine it with the fact busses to the Bondi Junction interchange from surrounding suburbs never follow the timetable and come much less frequently, public transport begins to look less attractive.

      However, as I don’t have 6k a year to spend on parking, the train is still an attractive alternative

  • Andrew of Melbourne

    If they are going to charge us so much money for parking what are we getting in return? Parking fines, overcrowding, full carparks even at midnight in some places. The paying customers are only getting painted lines and globes replaced for all the money. An absolute scam.

  • JD

    on top of our overpriced goods, we pay excessive amounts on parking. Melbourne public transport is aaaaaaaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

  • f1worldchamp

    Oh look, another day another story about how Australians are ripped of with the highest prices of whatever in the world.

    • Jacob

      Cinemas, Houses, Parking…no wonder the retail sector is dead.

  • IfItAintARotorItAintAMotor

    So just park in Jakarta and fly back to work. Whingers, there’s a solution for every problem…

  • laurie

    Just heard on the radio increase parking cost at Sydney Airport now there is a scam that needs reporting CA

  • Hung Low

    It is cheaper to just get a fine in Sydneys CBD than parking for the full day!
    First time you will get this type of value from a council folks!

  • F1MotoGP

    I believe too parking expensive specially at the airport.
    I got to Europe and Frankfurt airport parking is cheaper than here.

    up to 30min Melbourne (MEL) $6, Frankfurt (FRA)2.5EU $3.48
    up to 60mmin MEL $12, FRA 4 EU = $5.58
    maximum price per day MEL $52, FRA $25 = $34.8

    • F1MotoGP

      mistake max per day FRA is 25EU = $34.80

      • http://www.facebook.com/profile.php?id=1715760895 Charles Dean

        Germany isn’t an expensive country.. It’s considered quite cheap actually, no German city can come close to the cost of living in cities like London, Tokyo, New York or Sydney..

  • maximark

    I remember a few years back, when me and my wife spent a week in Melbourne, we hired a Corolla hatchback to drive around,mostly in the city. we had to pay $10 every day for a parking spot at the hotel we stayed, we also paid a lot to the city centre carparks as well.By the end of the week we realised that we paid more for parking fee than we paid for the car hire. It’s a beautiful city though.