How the price of rental cars affects Australia’s economy

The price of car rental is the single largest single factor influencing the Australian economy, according to new research.

Key points: The report found the price rises over the past few years have been driven by an increase in rental incomes and a decline in the cost of cars The report said car rentals accounted for about half of the overall increase in income from goods and services in the Australian calendar year that ended in May 2017Source: Australian Bureau of Statistics (ABS)Topics:housing-industry,government-and-politics,wealth-and‑proper-government,business-economics-and/or-finance,wealthchange,business,people,trends,australia