It comes as no shock that Sydney ranks as the priciest city in Australia. However, were you aware that the expense of a daily parking spot in the CBD could be equivalent to filling up your fuel tank entirely?
Due to ongoing cost-cutting measures implemented by various organizations amid present economic challenges, parking fees remain a consistent daily expenditure for many drivers who have no alternative but to cover this expense.
Although it’s widely known that parking costs have surged significantly in certain regions over the past few years, if you’re based in Sydney, you might find yourself facing some of the highest daily charges compared to drivers residing in various other urban centers.
LINKED: The priciest automobile parking spaces sold in Australia
New data collected by the real estate firm Ray White reveals that Brisbane has retained its top spot as the priciest city for parking in Australia for another consecutive year.
Nonetheless, according to Ray White’s research, several Wilson Parking locations within Sydney’s central business district noted the highest daily charges in 2025.
The parking company’s locations at O’Connell Street, Martin Place, Elizabeth Street, Parkhouse, and Hudson House in Sydney have a rate of $95 per day for stays exceeding two hours.
Although prices may vary based on where you are, if you’re a driver from Sydney who works around these zones, you might end up spending $475 each week solely for parking costs. Additionally, should you require leaving your vehicle overnight at certain Wilson Parking spots, they add another $60 onto the regular daily price.
Not everything is bleak news. According to the location, Wilson Parking provides several discount offers via online reservations and early bird pricing, potentially saving you a few bucks.
reached out to Wilson Parking for comments regarding the story and will provide updates once we receive their response. Notably, several of Wilson’s parking locations across various Australian capitals similarly charge a consistent daily rate.
For Melbourne’s Flinders Street venue, the charge is $90 for stays exceeding two and a half hours, whereas its Eagle Street spot in Brisbane has a rate of $89 for durations longer than four hours.
Although it’s widely known that Sydney is the priciest capital city in Australia, many Aussies have considered buying car parks as both an investment and extra revenue stream.
Alice Stolz, the real estate powerhouse’s property editor
Domain
, previously told
Car parks in Sydney “can be worth hundreds of thousands of dollars when added to a property.”
“We understand that numerous individuals prefer leasing assets like parking spaces to generate additional income… It shouldn’t astonish anyone that with Sydney standing out as Australia’s priciest major metropolis, finding parking is extremely challenging, and people are indeed paying a substantial premium for it,” she clarified.
As per a May 2025 report by
9 News
An anonymous purchaser recently broke records by paying $3.6 million for six parking spaces near a popular tourist destination in Sydney’s central business district.
The property valued at almost $4 million is situated beneath the Quay residential complexes on Phillip Street and lies approximately 150 meters from theCircular Quay Ferry terminal.
Before this latest acquisition, the priciest car park in Australia was purchased by another undisclosed buyer for an impressive $304,700 at Notts Avenue back in January 2024.
It’s astounding to think about spending as much as you would for a house deposit on one parking space, but it’s important to remember that this $300,000 spot is situated merely five meters from the popular Bondi Beach tourist attraction.
Stolz mentioned that available parking spaces in inner-city neighborhoods and “upscale areas such as Bondi and Balmain” typically come with a higher price tag due to their prime locations being their main attraction.
“Position plays a crucial role in parking… even when discussing individuals in urban centers where owning a vehicle might seem unnecessary, this could apply; however, these same people generally prefer using their cars during weekends, particularly if their residence is close to public transportation,” she explained.
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Daily parking in this Australian city costs as much as a full tank of petrol.
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