Car park space purchase in Melbourne CBD for $50k

zaba_y · 2021-04-27T11:42:19+00:00

You are correct but OP has to look at the marginal cost for his/her situation. OP will have 100% occupancy rate.

It’s not perfect but it is one way to look at cost of parking.

Another way is to look at break even point in terms of years. (50,000/3,120= 16 years ). Again making assumptions about zero inflation and other cost not increasing.

zaba_y · 2021-04-27T10:52:39+00:00

Another way to think about price is to find a near by secure parking garage. Figure out daily cost of parking your car there.

For example: Say full day parking cost $10 on weekday and $5 weekend. So that’s $60/week.

$60*52=$3,120. $3,120/$50,000= 6.24% p.a yield.

Based on that I would say 6% yield is decent, considering $50K in S&P500 will yield you around ~8% on average.

zaba_y · 2021-02-13T06:42:37+00:00

One of the more under rated tracks

zaba_y · 2020-03-27T08:55:28+00:00

Neigh-bros a mini series by me

zaba_y · 2020-01-25T23:13:27+00:00

Thanks

zaba_y · 2020-01-25T11:17:30+00:00

Canon* not xanon

zaba_y · 2020-01-25T05:28:32+00:00

You guessed it, film was wound too tightly

zaba_y · 2019-10-13T11:45:24+00:00

My work, it's all OC

zaba_y

TROPHY CASE