Car spaces steer inner-city property value upwards

Picturesque parklands, scenic city views, convenient transportation, countless places to eat, exhilarating nightlife… when you purchase an inner-city property these are the just some of the many lifestyle benefits you expect to come as part of the package.

 

While the city’s urban landscape offers a very attractive way of life for many property buyers, there is one more thing that can make sealing that ever-so-lucrative-deal even sweeter… car parking!  

  

Car spaces are considered a giant tick-in-the-box for many CBD residents. They’re such a major drawcard when it comes to the sale of city housing, that for example a recent real estate auction in Sydney sold a car space at auction for an astonishing $210,000.

 

In Brisbane, an inner-city property with a car space included can expect to sell approximately for $80-$100,000 more.

 

For people living in the city without a car spot and car parking becoming more expensive for all Brisbane CBD visitors, workers and residents alike, it is great to see the Lord Mayor Graham Quirk launching an online parking portal to provide cheaper parking options.  The Council is working with retailers to ensure that visitors and residents can access accessable and cost effective off-street parking.

 

Visit www.brisbaneparkingguide.com.au to view special deals, offers and information about where to park.

 

There are many good reasons for choosing an apartment with or without a car space. For young professionals who are wanting to break into the market and who desire the easy city lifestyle and inner city living, buying an apartment without a car park is more affordable.

 

Here at HSBP, we have a wide selection of Brisbane CBD apartments for sale. For more information on any of these properties, please contact Hannah on 0419 782 133.