Suburban shocks: Assessing locational vulnerability to rising household fuel and mortgage interest costs

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Title Suburban shocks: Assessing locational vulnerability to rising household fuel and mortgage interest costs
Author Dodson, Jago Robert; Sipe, Neil Gavin
Publication Title ATRF06: 29th Australasian Transport Research Forum
Editor Carolyn Grainger
Year Published 2006
Abstract One of the most discussed economic phenomena since early 2005 has been the marked increase in the global price of oil. The rising global price of oil has been translated into rising domestic fuel costs. Given the heavy dependence of Australian urban transport systems on cheap fuel the rising global oil price raises questions about the impact this phenomenon will have on urban households. The sustained relatively high price of oil has begun to influence other price sectors and the Board of the Reserve Bank of Australia has responded by raising interest rates. There has been little research so far that has reported on how the impacts of rising fuel and mortgage interest costs will be distributed across Australian cities and the implications this may hold for urban and transport policy making This study undertakes a locational 'vulnerability assessment for mortgage, petrol and inflation risks and expenses' (VAMPIRE) to assess how potential adverse impacts from rising fuel costs would likely be distributed across Australian cities. The study uses ABS Census data to create a vulnerability index that can identify areas of greatest risk, and conversely, those areas where the impacts of rising fuel costs are likely to be less extensive. The study reflects on the capacity of existing urban structures and transport systems to accommodate behavioural responses to rising fuel costs and changing household financial pressures. The conclusions of the research identify a number of potential policy directions to address oil and mortgage vulnerability with an emphasis on equitable spatial provision of public transport services.
Peer Reviewed Yes
Published Yes
Publisher URI http://www.patrec.org/atrf.aspx
Copyright Statement Copyright 2006 the Planning and Transport Research Centre (PATREC) on behalf of the Australasian Transport Research Forum (ATRF) : This publication is available online - use hypertext links.
ISBN 1877040568
Conference name 29th Annual Australasian Transportation Research Forum
Location Gold Coast
Date From 2006-09-27
Date To 2006-09-29
URI http://hdl.handle.net/10072/11502
Date Accessioned 2007-03-08
Date Available 2009-10-19T05:24:03Z
Language en_AU
Research Centre Griffith Health Institute; Urban Research Program
Faculty Faculty of Environmental Sciences
Subject PRE2009-Urban and Regional Planning
Publication Type Conference Publications (Full Written Paper - Refereed)
Publication Type Code e1

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