Car Spaces In Potts Point Are Casually Selling for Around $200,000

Smashed avo doesn't seem so decadent now.
Tom Clift
February 23, 2017

Ah the Sydney property market. Just when you think it can't get any more depressing, along comes a story to drive home the fact that no, you'll probably never own your own home. Hell, from the looks of things, most of us will struggle to ever even own our own parking spot, after a 15 square metre space in Potts Point sold for close to 200 grand.

According to Domain, the car space under the apartment building at 6 Challis Avenue was the subject of an intense bidding war between three parties, with the final bill coming in at $190,000. Laing Real Estate Agent Anthony Birdsall told the publication that parking spots in the area are "pretty scarce – most are attached to apartments."

That may be true, but still… come on!

For the record though, this isn't even the most expensive car space in Potts Point. In 2015 a spot in a private parking facility sold for $264,000. Must be nice having that kind of money. Must be reaaaal nice.

Image: Flickr.

Published on February 23, 2017 by Tom Clift
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