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Home»World»Australia
Australia

rewrite this title Transport costs plunge; Residents step up fight to save Victoria Park; State’s credit rating at risk, Treasurer warns; Woolworths workers at Qld distribution centre strike pay deal

December 4, 2024No Comments2 Mins Read
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Summarize this content to 2000 words in 6 paragraphs The cost of getting around has fallen for the first time in two years, a study has shown, but households in some states are faring better than others thanks to public transport discounts.The Australian Automobile Association detailed the extent of the savings in its Transport Affordability Index on Wednesday, revealing travel costs fell by an average of $921 a year for those living in capital cities.Brisbanites were significantly better off than people in other states, saving $3316 a year on average, thanks to the introduction of 50¢ fares for public transport.On the other side of the ledger, Sydneysiders fared the worst, with transport costs rising in the city by $107 a year due to high toll prices.The report, prepared quarterly by the motoring body, analysed household transport costs including registration, servicing, insurance, car loans, fuel and public transport to determine spending.It found transport costs fell 2.6 per cent between July and September – the first decrease since September 2022.LoadingThe falling price of fuel had a significant impact, the index found, reducing transport costs by an average of $338 across all households.But cuts to public transport fares made the biggest impact, forcing down transport prices in Queensland, the ACT and the Northern Territory.Only Queensland’s public transport price cuts were designed to be permanent, however, with fares in other states free on a temporary basis.Despite the 50¢ fares, Hobart claimed the title of lowest annual transport costs, followed by Darwin, while Sydney, Melbourne and Perth registered the highest costs.AAP

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