Aussie venture capitalists are almost non existent, and certainly not there for the years involved in Austrans. Building a real system is urgent. There are many other systems covering much of the same functionality. If there is to be a large market for Personal Rapid Transit or related schemes, it might well be taken by standard minibuses placed on pavement guideways and fitted with sensors. When space station components are produced on the moon, there will need to be reliable transport from the quarry to the smelter, the fabricator and onto the railgun for firing into orbit.
Rail is attractive for low energy usage and less tendency to bounce.
The grip wheel would be the big attraction with Austrans.