Ensure you never miss an issue of the
real estate business bulletin
Daily Delight: Driveways and lawns for rent as parking prices soar

Daily Delight: Driveways and lawns for rent as parking prices soar

by Staff Reporter 0 comments

A new website, Parkhound, is helping home owners rent out their driveways and lawns to combat CBD parking issues.

Parkhound has more than 3,000 spaces listed Australia-wide with private car parks listed from $50 a week, while some motorists are locking down year-long rentals for as much as $4,000.

Brisbane is one of the site’s biggest markets. More than 40-50 new spaces are listed and 150-250 bookings are made every week.

This initiative brings relief to drivers who are getting tired of the lack of parking, as well as escalating prices and fines.

Motorists can book a space in one of Brisbane’s most expensive parking buildings for $3,900 a year through Parkhound, compared to $27,375 through a commercial parking vendor.

Despite the growing popularity of Parkhound, council warns that ‘black market’ rentals are illegal and people caught listing their property could be hit with fines or court dates.

Home owners could be hit with a fine of $1138 for individuals and $5692 for businesses.

While no infringements have been issued in the past 12 months, the council warns that previous culprits have been fined up to $70,000 for running illegal parking operations from their homes.

[Related: Car space a $100,000 property feature]



Daily Delight: Driveways and lawns for rent as parking prices soar
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?