Divvy makes Pyrmont residents $100,000 richer!

- June 17, 2013 2 MIN READ

Divvy, a startup to come out of the Bluechilli program have big goals. They are aiming to solve Sydney’s massive parking problem. Everyday commuters drive into the city and the proportion of cars to parking spots sides heavily with their being more cars than there are spaces for them to go. However throughout the city there are thousands of vacant parking spots available in prime locations that nobody knows about, and that is the market place that Divvy are tapping into. Allowing city based residents without cars to make money whilst renting car spots out to their suburban neighbours.

The startup have just announced that they have provided Pyrmont residents with over $100,000 in combined earnings in the last 12 months by simply renting their car spaces to professionals working in the area. Everyday 1,700 residents drive to work leaving their car space vacant when it could be earning them up to $3,300 every year. Statistics show that another 1,461 dwellings in Pyrmont don’t own a car.

Divvy has made the rental process easy, quick and safe. Residents are able to list their spaces for free with their availability schedule. Divvy then matches the space to our trusted member base. Divvy handles the booking, swipe card collection, payments, invoices, and bond. All payments are made monthly in advance.

“Our members look for long-term affordable parking during business hours as parking stations are just too expensive and the surrounding streets only accommodate short-term parking. Our rates are 40% cheaper than parking stations and it is worth avoiding the fines.” said Nick Austin founder of Divvy.

Making better use of under-utilised car spaces in high demand areas makes sense. Commuters are crying out for a better solution. Divvy’s solution empowers the community to solve the parking crisis once and for all. Being part of the solution means that you rewarded with an extra income stream. “Let’s face it, Sydney is expensive and using your car space to help pay the bills makes a lot of sense.”

Since inception in 2011, Divvy has experienced huge demand in all business districts, including Surry Hills and Sydney, where parking alternatives are expensive and inadequate. They have just celebrated 50,000 booked parking days and will launch a mobile app soon to make it easier to get involved.

 image by timo_w2s