The value of Brisbane taxi licenses has dropped by 80 per cent over the last three years due to increased popularity of Uber services.
In 2014, taxi licences sold on average for more than half a million dollars and have now dropped to an average of $113 000 (one hundred and thirteen thousand dollars), according to Queensland Government open data.
The fall in value is attributed to the introduction of Uber to Brisbane in 2014 and legalisation in favor of ride-sharing services in 2016.