RMS -TAXI LICENCE TRANSFER PRICES

JAN 08 – JAN 17

Taxi licence transfers and average prices - Sydney Metropolitan Unrestricted

The volume and average price of taxi licence transactions for the Sydney Metropolitan Transport District are published to provide transparency for the purpose of calculating the transfer tax which applies on taxi licence transfers in the following month.

This table is updated by the third business day of each month with details about transfers in the previous month.

Under section 44 of the Passenger Transport Act 1990, a tax is charged on transfers of taxi licences, calculated at the rate of 2.5% of its current market value. For Sydney Metropolitan taxi licence transfers in February 2017, this tax is calculated at $5,450.00.

The changes underway in the taxi, hire car and rideshare industry, including the upcoming $250 million industry adjustment assistance package, have coincided with a generally reduced volume of Sydney taxi licence transactions.

The average price of transfers may be prone to significant variance given each sale is based on a number of variables, including the personal circumstances of the buyer and seller. Where data in the table below relates to a small number of transfers, the average price may not be indicative of overall market trends. It is important to also note that this data does not constitute the actual prices that taxis licences may be bought and sold – this is ultimately a matter between the vendor and the purchaser.

From June 2016, Roads and Maritime is reporting the actual number of transfers per month when it is less than 5 and the price of each transfer. Recent amendments to passenger transport legislation now allow the release of more details about transfers, increasing transparency to the market.

Date / Number of transfers / Average transfer price ($) / Price of each transfer ($)
Jan-17 / 2 / 218,000 / 218,000
1 deceased transfer
Dec-16 / 5 / 217,500 / 220,000
215,000
2 deceased transfers
1 x 20 year wheelchair licence
Nov-16 / 8 / 227,000 / 220,000
228,000
230,000
230,000
4 deceased transfers
Oct-16 / 9 / 225,000 / 230,000
210,000
230,000
230,000
5 deceased transfers
Sept-16 / 5 / 201,000 / 200,000
202,000
3 deceased transfers
Aug-16 / 4 / 220,000 / 230,000
210,000
2 deceased transfers
Jul-16 / 10 / 202,050 / 150,000
190,500
200,000
205,000
207,000
210,000
210,000
210,000
210,000
228,000
Jun-16 / 1 / 150,000 / 150,000
May-16 / 8 / 206,000
Apr-16 / less than 5 / 190,500
Mar-16 / less than 5 / 210,000
Feb-16 / 7 / 210,357
Jan-16 / less than 5 / 210,000
Dec-15 / less than 5 / 220,000
Nov-15 / 10 / 228,500
Oct-15 / less than 5 / 302,666
Sep-15 / less than 5 / 303,500
Aug-15 / less than 5 / 332,300
Jul-15 / 10 / 332,900
Jun-15 / 5 / 350,900
May-15 / less than 5 / 362,500
Apr-15 / less than 5 / 358,750
Mar-15 / 15 / 357,100
Feb-15 / less than 5 / 360,000
Jan-15 / less than 5 / 360,000
Dec-14 / 12 / 366,833
Nov-14 / less than 5 / 368,666
Oct-14 / 21 / 370,142
Sep-14 / 12 / 371,833
Aug-14 / 15 / 372,733
Jul-14 / 10 / 375,000
Jun-14 / 10 / 375,150
May-14 / 6 / 376,798
Apr-14 / 13 / 377,769
Mar-14 / 9 / 375,388
Feb-14 / 6 / 382,500
Jan-14 / less than 5 / 380,000
Dec-13 / less than 5 / 387,500
Nov-13 / 9 / 383,888
Oct-13 / 7 / 379,285
Sep-13 / 17 / 384,411
Aug-13 / 5 / 377,000
Jul-13 / 10 / 384,000
Jun-13 / less than 5 / 391,667
May-13 / 7 / 383,982
Apr-13 / 8 / 375,875
Mar-13 / 9 / 384,333
Feb-13 / less than 5 / 383,250
Jan-13 / less than 5 / 392,250
Dec-12 / less than 5 / 388,333
Nov-12 / 10 / 400,500
Oct-12 / 9 / 406,139
Sep-12 / 7 / 430,428
Aug-12 / 8 / 404,750
Jul-12 / 5 / 414,000
Jun-12 / less than 5 / 412,777
May-12 / less than 5 / 413,333
Apr-12 / 5 / 415,000
Mar-12 / 9 / 419,888
Feb-12 / 7 / 421,214
Jan-12 / less than 5 / 424,000
Dec-11 / 5 / 425,000
Nov-11 / 6 / 422,000
Oct-11 / 7 / 422,572
Sep-11 / less than 5 / 425,333
Aug-11 / 8 / 423,063
Jul-11 / 10 / 423,800
Jun-11 / 12 / 416,917
May-11 / 12 / 421,833
Apr-11 / 6 / 423,333
Mar-11 / 6 / 422,667
Feb-11 / 6 / 415,333
Jan-11 / 6 / 417,667
Dec-10 / 5 / 413,200
Nov-10 / 8 / 411,250
Oct-10 / 5 / 413,000
Sep-10 / 16 / 409,875
Aug-10 / 11 / 407,818
Jul-10 / 12 / 405,917
Jun-10 / 13 / 396,231
May-10 / 12 / 402,500
Apr-10 / 11 / 398,000
Mar-10 / 15 / 399,913
Feb-10 / 7 / 394,643
Jan-10 / 6 / 385,333
Dec-09 / 9 / 386,000
Nov-09 / 7 / 406,429
Oct-09 / 5 / 423,940
Sep-09 / less than 5 / 413,750
Aug-09 / 10 / 406,400
Jul-09 / 9 / 393,333
Jun-09 / 6 / 389,500
May-09 / less than 5 / 370,000
Apr-09 / 19 / 373,274
Mar-09 / 13 / 365,769
Feb-09 / 6 / 362,708
Jan-09 / 8 / 359,125
Dec-08 / 8 / 358,875
Nov-08 / 8 / 364,205
Oct-08 / 10 / 360,200
Sep-08 / 16 / 357,772
Aug-08 / 6 / 365,417
Jul-08 / 7 / 358,714
Jun-08 / 8 / 365,875
May-08 / 13 / 365,692
Apr-08 / 8 / 371,250
Mar-08 / 7 / 372,286
Feb-08 / 15 / 375,200
Jan-08 / 7 / 372,571