Mrs Traineeinvestor (aka my better 99%) purchased a carparking space yesterday. While the price of carparks is (IMHO) very expensive, in relative terms, she got a very good deal. Carparks in our building rarely come on the market - the last transaction was in 2013 at $X and the vendor of the only one currently offered is asking $X+25%. Mrs Traineeinvestor's purchase was in a good building in the same area at about half $X.
While I still view the price paid as high, current changes in the neighbourhood will likely make the supply shortage even more accute in the not too distant future.
The net yield on gross cost is about 2.2% - not great but better than bank deposits.