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Fair and equitable compensation for taxi plate owners.

Queensland taxi licence values drop further amid new ride-sharing laws

THE assault on the value of taxi licences in Brisbane brought about by ride-sharing service Uber has intensified as reported by Courier Mail.

Documents released under Right to Information show the price of licences has dropped significantly.

Sixteen taxi service licences were sold in Brisbane between April 2016 and March this year.

The most expensive licence sold for $275,000 in May 2016, but a licence changed hands in March for just $110,000.

The last licence sold in Brisbane over the 12-month period went for $120,000, while the average value of the 16 licences was just over $200,000.

This compares with peak values over $500,000 before the ride-share disruption of the industry.

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