426Cuda
SUBLIME!
- Joined
- Dec 15, 2013
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- VF Redline Sedan - A6 Spitfire MSE...
Haha. I'm an ex Pub servant too. I feel your pain.Hey Cuda,
Being a public servant (boo/hiss) we've got to use government datasets provided by the statisticians.
An excerpt from the ABS:
In 2012, people aged 55-64 years were the most likely to drive to work or full-time study (78%), while young people (aged 18-24 years) were the least likely age group (63%). Young people were the most likely to take public transport (28%) to work or study, compared with older age groups.
Differences in passenger vehicle use were also seen between men and women. Women were more likely to use a passenger vehicle to get to work or study compared with men (74% compared with 69% respectively). They were also more likely to take public transport (19% compared with 13%). However, men were more likely than women to drive other types of vehicles such as a ute, panel van, truck or motorbike to work or study (11% for men compared with 1% for women).
Note that the data is aggregated around census years so 2012 result are divined by 2011 census. The 2016 census, although poorly done, will demonstrate this trend of a lack of private vehicle ownership amongst the younger generation is accelerating. Expect that data and narrative sometime this year.
I firmly believe that as the cost of private vehicle ownership is second only to tge coat of housing (rent or bank rent.... i mean mortgage) that the increased cost of housing beyond inflatiin of wages (which are stagnant) has resulted in many young people foregoing car ownership as a discretionary expense against the cost of shelter. Sad but true.
ABS data from this link here:
https://www.google.com.au/url?sa=t&source=web&rct=j&url=http://www.abs.gov.au/AUSSTATS/[email protected]/Lookup/4102.0Main+Features40July+2013#use&ved=0ahUKEwiLp4rPtNzTAhVIKZQKHTS6Av8QygQIHDAA&usg=AFQjCNFBDb16Hv-0QFX02-9RHpLzHbKGHQ
I've seen planners use stats like these in traffic studies and get it very wrong, regionally speaking. Our Council paid a motza for a consultant to do a study here due to parking issues in and around the CBD. The recommendations included that there was an over supply of parking and we should introduce paid parking. They couldn't have been more wrong. I've been instrumental and vocal on the virtues of paid parking at major transport hubs. It works as a traffic managent tool. But not in our CBD. We need more parking.
Anyway back on topic, despite declining sales, I still believe our cars will decline in value over the medium term, but at a reasonably slow rate. This to me is another reason why it was a good decision for me to buy another one.
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