Australia risks squandering $5.2bn by building 86,000 unwanted car parking spaces in the next five years, according to research by the Grattan Institute.
The report recommends urgent reform to planning rules, including scrapping a requirement for a minimum number of car parking spaces per bedroom for new builds.
For instance, in Sydney, a new one-bedroom apartment is required to come with an average of 0.6 car spaces. But about 40% of Australian households in a studio or one-bedroom apartment don’t have a car.
