“The growing deficit and high cost of parking in much of Melbourne is behind the emergence of a new online marketplace where residents lease unused private spaces to motorists who need a spot to park. Home owners and renters have begun leasing spare space in their garages and driveways, in apartment building car parks and even on the street, to people who drive each day to areas that lack adequate parking. Space in an underground car park in a CBD apartment building was leased this month in a transaction using bitcoin, the digital currency. North Fitzroy woman Amy Martin leased an Exhibition Street parking space for three months for 1.25 bitcoins, or $900.”
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