Paul Castran

What will you relatively have: a new 911 Porsche or a parking spot?

This is not a resolution that most Australians face. But, two garage places near Bondi Beach in Sydney are likely to position an Australian record for most costly parking spaces under the beat this week. The garages situated at the southern end of Bondi Beach, are estimated to vend for over $240,000 and one of the spaces, on a 48-year rent, is supposed to sell for $180,000. Vendors expect the second space, with a 78-year lease, in surplus of $250,000 that is more than a new Porsche 911. Raine & Horne Double Bay manager Mr. Ric Serrao, who has sold $240,000 Brighton Boulevard parking place, said that he had two clients who are eager to pay $300,000 for a garage, but at North Bondi. He said, the parking locations in the CBD varies from $60,000 to $70,000 south of Town Hall and it is estimated to reach $140,000 in the financial region towards Circular Quay. The offensive prices are being determined due to the shortage of car parking in the area.