Rent Out Your Parking Space in Sydney: How Much Can You Earn?

26 October 2026 · ParkingShare Australia

If you have a spare garage, driveway, carport or apartment car space, renting it out in Sydney could help you earn a regular income from an asset that might otherwise sit unused for much of the day. Depending on its location, availability and price, a single parking space could generate several hundred dollars a month, with well-located spaces near train stations or the CBD potentially earning more.

Sydney is one of Australia's most expensive cities for parking. Drivers heading to the CBD, Surry Hills, Redfern, Paddington or Moore Park often face high hourly rates at commercial car parks or spend time searching for a legal street parking spot. Meanwhile, many homeowners and apartment owners have parking spaces they rarely use. Peer-to-peer parking platforms help connect these property owners with drivers looking for convenient, affordable parking.

This guide covers everything first-time hosts need to know, including potential earnings, factors that influence rental income, legal considerations, tax and insurance, pricing strategies, and how to list a space step by step.

Ready to get started? You can explore your options on ParkingShare.

Is There Real Demand for Parking in Sydney?

Yes. Research reported by realcommercial.com.au puts the average daily casual parking rate in the Sydney CBD at around $77, even after early-bird discounts of approximately 43.5% are taken into account. An NRMA report on city parking costs, covered by Time Out Sydney, found a similar average of about $77.30 per day.

Parking supply is also under pressure. The same NRMA research found that the number of CBD parking spaces per employee fell from 0.21 in 2014 to 0.14 in 2023. With fewer spaces available and parking costs remaining high, drivers have a strong incentive to look for more affordable and convenient alternatives.

This demand extends beyond the CBD. Nearby business districts such as North Sydney and Chatswood have lower reported daily parking rates of approximately $54 and $32, respectively, but drivers in these areas may also be interested in alternatives to commercial car parks.

For property owners with an unused parking space, this creates an opportunity to explore the potential of parking space rental.

Who Rents a Private Parking Space?

Private parking can appeal to a range of people, including:

• Commuters and office workers who want a reliable parking spot near their workplace or train station.
• Apartment residents who need overnight or monthly parking close to home.
• Tradies and business owners looking for a secure place to park a work vehicle near job sites.
• Event-goers attending games, concerts and other events around Moore Park and the CBD.
• Students, hospital staff and visitors who need parking near universities and hospitals where street parking may be limited.
• Visitors and tourists looking for a convenient place to park for a few hours, a day or a long weekend.

Because these groups have different parking needs, the same space may suit different customers at different times. For example, it could accommodate a commuter during the week, an event-goer on game days or a visitor on weekends.

How Much Can You Earn Renting Out a Parking Space in Sydney?

A single parking space in Sydney could generate approximately $200 to $800 per month, depending on its location, price and booking frequency. Some spaces may earn more, while others may generate less.

For example, a space priced at $25 per day and available five days a week could generate approximately $494 per month after platform fees, assuming it is booked every available day.

This estimate is based on the ParkingShare host earnings calculator, using an illustrative daily rate of $25, five available days per week and 52 weeks per year. After the platform fee of 8% plus GST on that fee, equivalent to 8.8% in total, the estimated income is approximately $494 per month or $5,928 per year.

The table below illustrates how earnings may change depending on the daily rate, availability and booking frequency. It assumes the same 8.8% platform fee and compares a fully booked space with a more conservative 70% booking rate.