For the first time, regional Australian families’ transport cost pressures will be tracked, as the AAA includes key regional centres in its Transport Affordability Index.
For the first time, the transport cost pressures faced by regional Australian families will be tracked, as the nation’s peak motoring body, the Australian Automobile Association (AAA) includes key regional centres in its Transport Affordability Index.
Since its launch in August 2016, the Index has become an important tool for policy makers, media and members of the public wishing to understand the transport costs borne by Australian households. The AAA has improved the Index so that in addition to tracking the movements in transport costs in Australia’s capital cities, it will also track the costs faced by Australians living in the key regional centres of:
The Index for the June 2017 quarter finds the average Australian metropolitan household is spending $17,294 on transport. This accounts for 13.4 per cent of household income, down from 13.6 per cent in the previous quarter.
By comparison, regional Australian households on average spend $13,863, or 11.7 per cent of household income.
Sydney was the only capital city in which costs continued to rise, with the average household now spending $22,268 per year on transport (up from $22,223 in the previous quarter). Hobart families saw their transport costs fall from $14,838 to $14,781.
The overall reduction in average costs in capital cities was driven by decreased new car costs linked to end of financial year sales and lower interest rates, decreases in registration and CTP costs in New South Wales and Queensland, and a decrease in fuel costs for all cities except Hobart. These decreases were partially offset by increases in insurance, car servicing and toll costs.
Of the regional centres, households in Geelong paid the most for land transport at $14,430 per annum whilst those in Wagga Wagga paid the least at $13,258.
The Index assumes that the regional household:
The Index demonstrates that transport is a significant and largely unavoidable cost to households and that these cost pressures must be considered by governments at all levels when formulating policy.
Australian transport costs have increased at more than twice the rate of inflation through the 12 months to September 30 and now account for more than one-seventh of metropolitan household income.read more
Australia’s National Road Safety Strategy is continuing to fail. New road fatality data reinforces the findings of the recent inquiry and the need for major changes in road safety management.read more
The nation’s first congestion benchmarking report, released by the AAA, reveals average speeds have slowed by up to 8 per cent since January 2013.read more