Thanks very much for this detailed answer.

First 124 Last

Share
Profile

Follow
saintex

4,084 Posts.

433

08/12/22

16:36

Post #: 65224649
Share

Originally posted by MasterStrategist: ↑

Back in the early 90's (if my memory serves) there was a niche market in central Melb/Syd for car parking spaces, and those that bought then have done very well - although Covid has dented things somewhat, given the changing work dynamic, which now seems to have morphed into a hybrid of 50/50 work from home X work at office. Whether this dynamic continues remains to be seen, but some evidence suggests that better productivity and employer cost savings lend itself to this paradigm shift, meaning a lesser demand/necessity for car parking spaces. It is also of note that the sector has been corporatized to a large degree (see Wilsons).
There are two other elements to the equation to consider, going forward. The first is that the new generation in the metro areas don't see car ownership in the same way we Baby Boomers did/do. To some extent they see the fulltime cost as prohibitive and cumbersome when they can rent a car for special trips. And second (in the same vein), if one looks to the nearish future of electric, self-drive cars available to rent with a click of the mobile phone, which don't require garaging, then that too will negate the need for ownership of car parking spaces.
That is not to say that the bottom will fall out of the sector, but I don't see it as an optimum investment, given the future climate expected for personal transportation and the need to house vehicles. And of course, I could always be wrong about everything, so don't let me influence your investment decisions.

Expand

Thanks very much for this detailed answer.
2 Upvote

Reply

Top Stories

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

GED

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

ASX Market Open: US inflation hits 3%; local futures indicate fresh all-time-high | 12 July 2024

There are more pages in this discussion • 3 more messages in this thread...

First 124 Last

Thanks very much for this detailed answer.

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

ASX Market Open: US inflation hits 3%; local futures indicate fresh all-time-high | 12 July 2024

Featured News

Featured News

Thanks very much for this detailed answer.

Top Stories

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

ASX Market Open: US inflation hits 3%; local futures indicate fresh all-time-high | 12 July 2024

Featured News

Featured News