$332,000 For A Single-Car Garage Is Urban Sprawl In Action
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A single-car garage in Sydney, Australia, recently sold for 500,000 Australian dollars, or $332,000. Yes, it’s just a garage. The sky-high prices reflect the high demand for parking in desirable inner-city areas and a lack of standalone garages. A local realtor told Yahoo Finance that up to 12 percent of a property’s…