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AAP
AAP
Business
Jacob Shteyman

Why ditching car park rules could make homes cheaper

A growing number of households in one and two-bedroom apartments don't own a car. (Jono Searle/AAP PHOTOS)

Changing car parking requirements could shave about $70,000 off the cost of building a typical two-bedroom apartment in Sydney.

A report from the Grattan Institute revealed more than $1 billion is wasted on building off-street car parks that go unused.

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