Huge price variations – some more than 100% – have been highlighted by SpaceOut in their latest Australia Wide Self Storage Price Survey.
The new nation-wide survey reveals some shocking results, with the most expensive storage facilities (in Sydney) charging more than $800 a month for a single garage sized space.
The new survey data – just released on SpaceOut.com.au – shows not only a huge price gap between city and country areas, but also massive variations between capital cities. Even within the same city, storage prices in adjacent suburbs (and in some cases the same suburb) can also vary significantly.
More than 700 self storage facilities throughout Australia were surveyed, and asked to provide prices for some of the most popular storage sizes – small (3×3 m), medium (3×5 m) and large (3 x 8m) storage units as well as outside storage/parking for cars and boats.
The most expensive place to rent storage space in the nation is Sydney where you can pay over $800 a month for a regular single-car garage sized space! This is followed by Melbourne at over $600, and Brisbane at $500 plus.
Not surprisingly, the survey also revealed a significant price discrepancy between city and country storage costs – with country storage units costing around 40-70% of their capital city counterparts. The cheapest places to store your car or boat were Tasmania, and country regions of SA, WA and Victoria.
Another interesting statistic highlighted by the study, shows that independently owned self storage facilities tend to be priced around 25% lower than self storage facility chains. The national average for large chains for a 3×7 metre storage unit is $389 a month and the same space from independent facilities averages just $273 per month.
This survey was commissioned by SpaceOut on behalf of its members – to assist them in setting private storage prices. Based on these survey results, it is no wonder that people looking for storage space are turning to alternate space rental services such as SpaceOut – which provides an online service where home and business owners can rent out their unused space to those looking for storage at more affordable rates.
You can find a summary of the Australian Self Storage Price Survey (2009) along with a breakdown (state by state) of the survey results at www.spaceout.com.au
