Episode
Parking Mandates Cost Sydney, Melbourne Billions
- Published
- May 20, 2026
- Duration seconds
- 112
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Summary
New research from the Grattan Institute reveals that eliminating mandatory car parking rules in Sydney and Melbourne could lead to the construction of up to 140,000 new units. The study finds that these requirements add tens of thousands of dollars to each units cost, sometimes over $100,000. In Sydney, parking mandates can increase costs by $46,000 to $132,000 per unit, while in Melbourne, the range is $41,000 to $114,000. Many apartment dwellers dont own cars or need dedicated spots, yet they pay for built-in parking through higher housing prices. Removing these mandates could save billions in construction costs, unlocking funds for building an additional 9,000 homes and promoting better urban design. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/f231f0287b9699bd