Six parking spaces in Sydney, close to the Opera House and Harbour Bridge, were sold for a record combined amount of $3.65 million, averaging $608,000 each.
The sale price surpassed expectations and almost doubled the previous record of $304,700 for a parking space in Bondi.
The 85-square-metre lot at The Quay building received 92 inquiries and 16 inspections, with bidding exceeding the reserve price after 30 bids.
Investing in parking spaces for lifestyle benefits is becoming a trend, with some buyers considering proximity to locations like Bondi Beach as a valuable asset.