The results of a nationwide survey of self-storage unit prices in Australia has been released by Brisbane, Queensland-based SpaceOut, a local service that connects people who need personal or business storage space with those who have space available in their homes or offices. The data reveals vast price variations within the Australian self-storage industry, not only between urban and rural areas, but even within capital and suburban cities. It also shows discrepancies between prices at independently owned and chain self-storage facilities.
More than 700 Australian self-storage operators were asked to provide prices for some of their most popular unit sizes as well as outdoor parking spaces for boats and cars. The highest rental rates were found in Sydney, where a customer might pay more than $800 a month for a standard garage-size space. The next expensive locations are Melbourne and Brisbane respectively.
The survey also revealed a significant price discrepancy between urban and rural storage prices, with rural storage units costing anywhere from 40 percent to 70 percent of the cost of their urban counterparts. The least expensive places to store, according to survey results, are Tasmania, and rural regions of South Australia, Victoria and Western Australia.
The data also shows that independently owned self-storage facilities tend to be priced approximately 25 percent lower than facility chains. For example, the national average rent for a 3-by-7 meter storage unit is $273 per month at independently owned facilities and $389 per month at chain facilities.
This survey was commissioned by SpaceOut to its members in setting private storage prices. A summary of the survey, including a state-by-state breakdown of results, can be found at www.spaceout.com.au.
APN Fund Management Sells Australian Self-Storage Property
Petrol and Steel Prices Slow Australian Self-Storage
Australian Self-Storage Illustrates Effective Security Design