New research has suggested that home loan interest rates may be an important influence on both patronage of public transport and also on the vulnerability of low income families on the fringes of cities. This research has suggested that interest rates as well as fuel prices might be worth investigating in terms of influence on public transport patronage. This paper summarises a research project aimed at establishing statistically reliable measures of the impacts of both auto fuel price increases and home loan interest rates on public transport demand. The project covers public transport in Melbourne, Brisbane and Adelaide and also disaggregates the results by individual mode and service groups. A central aim of the work is to disaggregate patronage into groups so as to compare fuel price impacts between modes, service groups and types of trips. In this way fuel price impact may be better understood. (a) For the covering entry of this conference, please see ITRD abstract no. E216058.
Samenvatting