City parking in Sydney and Brisbane now costs more per hour than minimum wage

Commuters in one Aussie city are forking out more than the minimum adult hourly wage for each hour they have to park just to go to work, new research has revealed. Research by iSelect has revealed that Sydney – shocker – is the most expensive city to park with an average hourly rate of $32 an hour – roughly $250 for an eight hour day or $1280 for a five day working week. A single car space is currently listed for sale in the Sydney CBD for $150,000. A car park on level 7 at 251 Clarence Street in the Sydney CBD is listed for $150,000 Brisbane commuters are not much better off, with the average hourly rate to park in a public carpark sitting at $29.71. A single car space in the city is currently listed for $39,000. A car space in this Spring Hill carpark in Brisbane is listed for $39,000 Melbourne is the third most expensive city to park at $21.88 an hour. The national minimum wage is $26.44 an hour or $1004.90 a week. But the actual average hourly rate can fluctuate widely depending on whether they are council paid parking spots or privately owned carparks. “The ideal city needs plenty of space for drivers to park their cars, facilities that are easy to get to by foot after you’ve ...