As Australia's urban population surges and its major cities become host to more high-rises and increasing density, car parks will become an increasingly scarce and expensive commodity for commuters.

Nick Austin of car park app company Divvy points to the potential for smart city technologies to dramatically raise the efficiency of car park usage, thus reducing the need for the construction of large-scale parking facilities in constrained urban areas where space commands a heavy premium. “There aren’t a whole lot…