Transport costs remain high, affordability low across Victoria in 2022
The weekly average for transport expense now sits at $447.83 per week for metropolitan households in Victoria, and $347.69 in regional areas.
The Australian Automobile Association (AAA) has released the latest edition of the Transport Affordability Index for the first quarter of 2022.
While households in major cities will spend an average of $20,855 each year on transport costs, Melbourne sits well above the national average at $23,287. It’s a similar story, albeit to a lesser extent, for Geelong and regional areas of Victoria who now pay an annual average of $18,080 compared to the $17,195 nationally.
The Transport Affordability Index encapsulates all costs people face to fund their mobility, including loan repayments, insurance costs, maintenance, public transport fees, and the biggest problem of late - fuel costs.
“Rising fuel prices continue to be a significant contributor to cost of living pressures across both regional and metropolitan Australia,” said AAA Managing Director Michael Bradley
“Fuel costs have risen an average of $26.49 to $93.87 per week over the past twelve months in capital cities with Hobart ($100.18 pw), Sydney ($94.80 pw), Darwin ($94.36 pw) and Brisbane ($93.93 pw) the most expensive cities.”
“Regionally [fuel] costs are more expensive rising on average $27.89 to $96.65 per week with Bunbury ($116.31 pw), Geelong ($110.69 pw – Melbourne was $92.07) and Launceston ($109.37) the highest.”
With the latest figures covering January to March of 2022, it has not included the effects the temporary halving of the fuel excise tax has had which came into effect on March 29.