Australia’s peak motoring body today released its latest Transport Affordability Index which shows the average Australian household now paying $17,147 a year for land transport, up from $16,894 in the previous quarter.
The Australian Automobile Association’s (AAA) Transport Affordability Index shows that nationally, transport costs also increased as a percentage of income over the quarter to December, from 13.4 per cent to 13.6 per cent. By comparison according to the ABS[i], household expenses relating to electricity and gas consume one to three per cent of household budgets.
AAA Chief Executive Michael Bradley said: “The AAA’s latest Transport Affordability Index shows transport cost pressures continue to grow and should act as a reminder to all governments that policy must be designed and reviewed to minimise pressure on household budgets.”
Summary of findings – Quarter 4, 2016:
Commissioned by the AAA and developed by SGS Economics & Planning, the Transport Affordability Index tracks transport affordability by analysing tax, tollways, public transport, insurance, maintenance, fuel and finance costs as a proportion of average household income across states and territories.
The Index is based on the incomes and transport costs of a hypothetical household in each capital city that consists of a couple with children and two cars, the average household identified by the 2011 Census. The Index will be updated regularly by the AAA, and can be downloaded here.
[i] ABS Household Expenditure Survey, 2009-10
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