The True Cost of Parking in Australia

The True Cost of Parking in Australia

Harriet Harvey10th October 2018

Across the world congestion takes up hours of citizens lives. In Australia—a country with very little congestion in comparison to the rest of the world—commuters spend roughly 230 hours commuting per year!

In 2015, the Australian Government stated that congestion cost the national economy $16 billion AUD. Already, Governments are putting in policy to restrict this implication on the economy. These policies include restricting parking infrastructure and taxes on those driving into cities.

Parking Costs

Unfortunately, most of these efforts are to restrict parking facilities in order to deter people from driving into cities. The Brisbane City Council constrains the provision of car parking spaces via planning approvals. CBD offices are restricted to provide merely one space per 200m2 of total floor area in the building, limiting the number of parks available in the city. On top of this, parking in cities across the nation is extremely expensive. The average price per hour to park in a secured carpark 2017 was $25.65 or $73.04 for a whole day, according to RACQ. Without discounts or company supplements, parking could potentially cost an individual thousands of dollars annually.

Fuel Costs

The average driver spends roughly 17 hours a year looking for parking spaces. And 0.6 of a litre is consumed every hour per litre of engine displacement i.e. the average 2 litre engine would burn through roughly 1.2 litres. So, the average car would consume around 20 litres of fuel a year, simply being in idle. That’s about half a tank of fuel or roughly $30 AUD of petrol money in this economy. Crawling through a parking lot or through the streets would only burn more fuel, and cost more money, as you slow, stop and start the car, forcing the engine to work harder.

Environmental Costs

Per every litre of petrol, 2.3 kilograms of CO2 is emitted. Equating to roughly 46 kilograms of additional CO2 emitted every year due to the additional time spent in the car trying to find a parking space. The more carbon dioxide produced, the higher the impact on human health and the atmosphere.

Kerb wants to change the way people park their car to reduce costs and ease congestion. Kerb knows that the average drivers spend 17 hours per year looking for parking spaces. If drivers arrive in parking spaces faster, this would reduce every driver’s average commuting time to 213 hours a year. While this reduction does not seem immense, the time would be taken off arrival at work, which would decrease the number of vehicles in the same area, at the same time, searching for car parks. And therefore, elevating morning traffic drastically.

With nearly THOUSANDS of parks in Australia, costing on average $5 - $10 per day, Kerb believes this change is near. Not only for Australians, but drivers everywhere.

You May Like

View All