Brisbane city council plans to cut parking requirements in bid to slash $100,000 from housing costs

Policy backflip applauded by property and development groups but some doubt it will have significant effect on prices

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Brisbane city council is considering rolling back expensive car-parking requirements for developers in four inner-city suburbs in a bid to slash the cost of housing.

Economists and urban planners say car-parking minimum requirements add as much as $100,000 to the cost of an apartment and increase congestion.

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