Easing rego pressure for Victorians
The State Government has eased financial pressure on Victorian drivers over the last year, with the registration of 1.8 million vehicles being paid through short-term payment options.
Short-term registration allows vehicle owners to pay less upfront and spread the cost of renewing their registration across the year, providing more flexibility in the budget.
Since short-term registration was launched on 1 January 2018, almost a third of all light vehicle registrations have been processed using flexible three-month and six-month registration options.
Around 1.2 million of these vehicles were paid for using the three-month registration option, with the remaining 630,000 choosing the six-month registration period.
Drivers in the City of Casey were most likely to take up flexible registration options, while Craigieburn, Pakenham and Point Cook were the suburbs with the highest take up in Victoria.
More men opted for shorter registration periods, with the total take up of three- and six-month registration sitting at 55 per cent of males and 45 per cent of females. Overall, short-term registration proved most popular with the 21 - 30 age group.
Three months of registration in metropolitan Melbourne costs $211.20, with the six-month registration cost at $419.90, and a full 12-month fee of $834.80.
Customers taking up short-term registration can change their chosen renewal period between three, six or twelve months at any time.