Business
Parking Space Scrapping Could Save Billions
A Grattan report suggests scrapping 86,000 new car parking spaces could save $5.2 billion and reduce rents in Australia. The study finds that about 40% of existing parking spots are unused.
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The Guardian
Scrapping 86,000 new car parking spaces could save $5.2bn and drive down rents, Grattan report finds
About 40% of parking spaces under apartments in Australia sit empty, yet strict planning rules mean more unwanted spots continue to be builtGet our breaking news email, <a href="https://app.adjust.com/w4u7jx3"
2026-05-19 15:00 UTC