Early Edition with Kate Hawkesby

Andrew Dickens: Who's paying $74 a day to park in the city?

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Sinopsis

News that Wilson Parking in Fort Street, Auckland, is the most expensive parking in New Zealand says a lot more than just a company creaming it.  If you turn up first thing at the park and you use the on site machine then a days parking will cost you $74. Now who pays $74 for a days park? If you park casually then it will cost you $22 an hour - more than the minimum wage.  I’m picking that if you park in this park then you’re not working in hospo, you’re earning enough to blow money like this, you don’t feel you have an alternative and you love your car and want to park near work.  So let’s break that down. The average wage in Auckland is $72,000 a year, after tax that’s $900 bucks a week in the hand. The median rent is $700 dollars, you need $100 a week for power, phone internet and gas, you need to eat. So where’s the money for that park? The only people paying that earn way more than $72 grand. On the alternative, most don’t have a car park. 50 per cent of workers in Auckland’s CBD take publ