Although it is cheaper to live in Brisbane than in Sydney, the capital of Queensland remains an expensive city overall. In the 2016 Cost of Living Survey by Mercer, it ranked 96th, making it costlier than Canberra and Adelaide.
One of the biggest household expenses in the city is car ownership. Here is a typical breakdown.
Cost of Vehicle
According to CarsGuide.com, the prices for some of the most popular SUVs such as Hyundai Tucson or Mazda CX-5 range from $33,000 to $44,000 for the brand-new units. Used ones can give you a discount of around $20,000.
Cost of Car Insurance
The average car insurance premiums in Queensland especially Brisbane depend on many factors including age and type of user. The territory has the lowest premium for family cars in 2016 at $1,548. That is almost $800 lower than that of New South Wales.
But it is not the cheapest for drivers who are more than 45 years old. Men below 25 years old should expect to spend a little more than $1,500.
Cost of Registration
The registration costs for cars in Brisbane today should be about 3.5 percent more expensive than the previous year and twice the inflation rate. It means prices can be as high as $364, without taking into account the third-party insurance.
Cost of Everyday Use
In one of the most recent studies by the Australian Automobile Association, a Brisbane household with two cars spends about $376 in transport costs. Although this is significantly lower than that of Sydney, it is more expensive than Melbourne’s.
Owning and maintaining a car in Brisbane (or anywhere else) is not a joke, so you need to protect your investment as much as possible. A sensible way is to install a Brisbane carport, which is cheaper than or a good complement to garages.
They can protect your vehicles from harsh elements like heat or human-caused damages such as vandalism.