Just looking at a couple of new developments, between Perth and Freo, a difference that’s you see straight away is parking.
South of the Border
Now we have heard the argument made by Freos Mayor on a you tube post, that living in the CBD areas you don’t need a car and if you don’t intent to leave the CBD that’s possibly true, so I guess that also means friends that come to see you have to pay for the privilege. Also due to the cost of building parking reported to be up to $50,000 per car bay, you think you would get an apartment cheaper due to the huge saving by not having a parking bay built?
So looking at this development in Perth on Lord St 2bed, 2 bath, 2 car bays, in a nice looking apartment low density development, lots of in house facilities with easy access, to Northbridge, East Perth, Perth, train hub etc. So in this location you would possibly need a car less than Freo, with number of services available, yet they offer two bays.
Further I wonder if they would charge $100,000 less if it came with no parking spaces? That’s about a 20% discount? Not bad.
Thinking a little more which apartment would give you a quicker capital growth or return, one with parking bays or one without?
If you had a bay, you did not use, it could be a revenue generator by letting it to someone who needs one?
When you go to sell what attracts more buyers, 2 beds, 2 baths, 2 car bays, or the one that has, 2 beds, 2 baths, 0 car bays?
Then this week I heard a discussion about electric cars on 6PR, strangely there is a need to put electric car rapid charging points scattered down the road going south to Augusta, guess you will only be able to go one way, (follow the supply of chargers) and if u live in the CBD you can’t go down south as you don’t have a car.
So one day we don’t need cars, the next concrete caused by cars is covering Perth now we need to build charging stations, meaning more concrete and cars which we can’t park? Following??? Its very clear, no mixed messages here?
I also read today that across Australia there is approx. 1000 electric cars, I wonder how many are in Perth and how often they go down south, I guess this is not a commercial arrangement, but rate or tax payers funded money yet again?
So it begs to question how many electric cars do we have in W.A. and how many want to drive down south? You think with the miniscule up take and the rapid advances in technology we would be better to wait for 5yrs or so and a wait till its commercial viable? I guess it will be rate or taxpayer money being used, so no matter right, that’s what we are for to fund, peoples social experiments and ideology?
Personally I think the new Tesla looks great if I had a cool $120,000 spare I would have one tomorrow, if they were available and I knew I would have somewhere to park it?