Business
COVID, Uber push value of Queensland taxi licences ‘over a cliff’ – Brisbane Times
The once-cherished retirement nest eggs were selling for $500K in 2014. You can now pick one up for as little as $3000.
Last month, a standard Brisbane taxi licence sold for $16,541, while in June 2020, one sold for $5000 the lowest price in more than a decade.
The number of taxi licences changing hands has also plummeted from 69 in 2013 to 14 in 2020 showing many owners have simply given up trying to offload what was once their treasured retirement plan.
Limo owners also failed to escape unscathed, with 13 out of 18 of the licences that sold last year going for just $1000.
In 2014, the average cost of a limousine…
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