10 Sep 2019

‘Highway robbery’: Brisbane CBD named Australia’s most expensive off-street parking at $31.41 an hour

Motorists in the Brisbane CBD pay the highest short-term off-street parking rates in Australia at an average of $31.41 an hour and $18.30 for just 30 minutes in what RACQ describes as “highway robbery”.

According to the motoring group’s latest CBD Parking Prices Report, the most expensive 30-minute and one-hour parking in Brisbane was at the Treasury Hotel, where punters will pay a whopping $50. Care Park on Tank Street had the most expensive all-day parking at $97.

Brisbane had the cheapest on-street parking, however, at $5 per hour, compared with Melbourne and Sydney at $7 per hour and $7.40 respectively.

RACQ spokeswoman Renee Smith said Brisbane drivers paid the highest average rates for short-term off-street parking in the country and just $1 less for all-day parking than motorists in Sydney.

“It’s highway robbery for motorists and what we end up seeing is CBD shops and restaurants punished because people can’t justify the cost of a visit,” Ms Smith said in a statement.

“Drivers will also be appalled to learn parking all day in Brisbane, at $76.77, is only on average $1 cheaper than in Sydney. The price jumped more than $4 in the past year. If we don’t see better parking rates in the city, more and more drivers will favour suburban shopping centres where parking is either free or much cheaper.”

Ms Smith added it was encouraging to see the number of parking stations charging a maximum fee of $89 per day had dropped from seven to four in the last year.

“Drivers still need to employ frugal tactics in order to avoid being stung at the exit station, including booking ahead online and taking advantage of early bird rates,” she said.

“Brisbane City Council’s parking stations at Wickham Terrace and King George Square are the cheapest at $35 per day, and anyone with an electric or hybrid vehicle may even qualify for a bigger discount. During the week Southbank is half the price of the city for all-day parking, but on the weekend you’ll be stung an average of $23, so it’s important to plan your parking accordingly.”

SOURCE ; https://www.news.com.au/finance/money/costs/highway-robbery-brisbane-cbd-named-australias-most-expensive-offstreet-parking-at-3141-an-hour/news-story/57eb61949c95a0d3725098e76425b3b8

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