Brisbane locals fork out thousands to travel around River City
Brisbane locals have seen the largest increase in transportation costs in the country, according to the latest Transport Affordability Index released today by RACQ.
On average, locals spend more than $19,132 per year on owning and running a car and catching public transport in Brisbane.
The Index considered transport costs including registration, licensing, insurance, servicing, tyres, fuel, tolls, roadside assistance, car loan repayments and tolls.
RACQ Head of Public Policy Rebecca Michael said Brisbane had become the country’s most expensive city to travel when average income was considered.
“It’s unacceptable motorists in Brisbane continue to face such high transport costs, especially since we have had successive governments going into elections pledging to address cost of living issues,” Dr Michael said.
“Brisbane families are spending more than 16 percent of their income just to travel around and the costs continue to climb.
“This quarter alone we’ve seen increases which resulted in an extra $245 a year for the average Brisbane household, the highest increase in the country.”
With rising fuel costs a major contributor to the increase in Brisbane transport costs, Dr Michael said if the Palaszczuk Government was serious about tackling the rising cost of living it would implement transparent, real-time fuel price reporting.
“The State Government has an easy and affordable means to be able to drive down the cost of fuel in Brisbane and that’s by ensuring all fuel retailers share their data with motorists in real-time,” she said.
“At the moment retailers like Coles and United do not make their information available to the public and information that is available is often outdated so it’s impossible for drivers to compare real prices and make an informed decision about where to fill up.
“Competition between retailers is the only way to drive down prices and the best way is to even the playing field between motorists and the fuel companies.”