Australia’s peak motoring body today released its latest Transport Affordability Index which shows the average […]
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
Australia’s alarmingly high road toll remains stuck at the levels it was at four years ago.read more
23 organisations have come together to develop the new Reviving Road Safety policy priorities document, calling for urgent Federal Government action to combat Australia’s rising road toll.read more
Research by Australia’s peak motoring organisation shows that in the second quarter of this year Australian transport costs rose almost twice as fast as inflation.read more