New parking provider to increase competition in Brisbane

RACQ has welcomed news a new parking provider would enter the market in Brisbane and would slash rates to just $10 per day.

The Courier Mail reported First Parking had completed a lease deal at 67 Astor Terrace in Spring Hill and the company believed the flat rate model would be a game-changer for Brisbane.

RACQ spokesperson Renee Smith said increased competition was great news for motorists who parked in the city.

“Unfortunately, motorists in the Brisbane CBD last year paid the highest short-term off-street casual parking rates in the country, at an average of $31.40 for one hour of parking,” Ms Smith said.

“It isn’t fair that motorists are coughing up this much to park in the city, in fact, Brisbane has some of the most expensive parking in the world.

“This new flat-rate deal will be a great option for motorists looking for parking at the northern end of the city, they can turn up on weekdays any time after 4am, stay for as little or long as they like up until 4am the next day and it will still only cost $10.

“Hopefully, news of another business entering the market will increase competition and drive prices down for motorists.”

Ms Smith said the Club hoped First Parking would keep rates low for the long-term.

“Sometimes after a new player enters the market, they offer an opening deal which attracts customers, but increase prices over the long term,” she said.

“Motorists should also look for other earlybird specials, online discounts and offers such as booking parking ahead of time to secure the best price.

“A little bit of planning goes a long way when it comes to saving money on parking in Brisbane.”