January 18, 2020 Blog Post No Comments

How Much Do Storage Units Cost per Month in Australia: Complete Guide 2020

The graph below highlights the average per month price range of a storage unit in the main cities of Australia.

However, this does not include the individual difference between store prices, nor does it include information on the most “in-demand” unit size!

CityRange of Storage Unit Prices Per Month in Australia
Sydney$68 – $1194
Melbourne$64 – $858
Brisbane$75 – $1001
Adelaide$34 – $600
Perth$61 – $560
Sourced from https://www.spacer.com.au/

For example, the average monthly price for self-storage in Perth is ~$230 a month. However, just like the average height of a human when asking questions at an individual level we are comparing the average against more than one factor. For example:

  • Age
  • Ethnicity
  • Gender
  • Life-style
Self-storage near Perth airport

Most facilities have between 100 to 700+ units with lots of different shapes and sizes. Usually, one size makes up most of a facility. So, what are some popular sizes in a storage facility?

below is a list of how we price our units, however, these prices are not stable and fluctuate with the supply and demand of the market.

Our Average Unit Prices by Size (AUD)

Extra Small Units 1.5m x 1.5mFrom $65$75 per month
Small Units 1.5m x 3mFrom $90$105 per month
Medium Units 3m x 3m From $135$200 per month
Large Units 3m x 6m From $250 – $374 per month
Extra-large Units 6m x 4.5m From $390 – $450 per month

Looking for Self-storage near Perth Airport?

Self-storage is very beneficial when you want to free up space in your home or office. Everybody has something that they want to get rid of so that they can have more space in their homes. Also, if you are leaving Perth then you can store your belongings at our secure facilities.

The self-storage prices in Perth airport are quite affordable. We at Forrestfield Select the storage facility to guide all our customers for the best options they can choose to store their belongings.

Check detailed blog: Best Self Storage options near Perth Airport

Although the size/type of storage unit depends on your requirement. Still, some units are categorized as popular ones or the ones that suit most of the people that deliver the best value for their money.

The Most Popular Storage Unit Size in Perth

The biggest seller is the medium 3m x 3m units, primarily due to their value for the size and the ability to fit 1 to 2 bedrooms of stuff inside these units.

The 3m x 3m Unit is generally between $135 – $400 per month depending on the facility and the factors such as climate control and power to the Unit.

The Medium size unit is ideal for most people looking to renovate a room or keeping your business stock in a secure location. Many storage facilities in Perth will have 60% of their capacity containing units of this size.

Self-storage in Australia

Depending on the height of your facilities units, some people could be getting 27 cubic meters (3m x 3m x 3m) for as low as $32 per week!

These medium sizes units are often in demand due to the competitive pricing and the ‘goldilocks’ sizes for most people. One last factor that makes this Unit worth its weight, is how easy it is to fill with a standard car license removalist truck.

Generally, one load is enough to fill these units, making them attractive options for quick home renovations.

Now, we have discussed the most popular self-storage units. It is also very important for you to know whether the cost of the storage is right or not. Just like our human height example from before when determining if an individual is growing at a healthy rate, more specifically we need to know what determines the differences!

Hence, I have created a list of factors that can help you determine what you should be looking to get the best value for your self-storage experience.

Factors that determine the monthly cost of a Self-Storage Unit in Australia?

Multiple factors help you determine the monthly cost of a self-storage unit in Australia:

  • Location of the Unit.
    • Inside vs outside.
    • Upper floor vs ground level
  • Total Sizes of the Unit.
  • Unit Powered or not.
    • Climate controlled or not.
  • Door Type (roller vs hinges)
  • Insurance/cover
  • Rental Trucks

All the above-mentioned factors have certain add-ons that you need to be aware of, otherwise, you may end up paying more than expected. Therefore, I’ve compiled a little list of all the price variants and bonus extra you may or may need for your storage unit.

Location of the Storage Unit

The most important factor is the location of the storage unit. Just like real estate, it all starts with location. Not only are we talking about where in the facility (e.g. ground vs 2nd floor) but also the distances from one’s house.

While most factors on this list have a set monetary value, distance, on the other hand, plays both on human psychology as well as price! You’ll see self-storage facilities throw around the distance value “only 5km from your home”, but why?

Best Self-storage near Perth
Most customers come from the inner 3 circles ~ 5 – 7km

People are more comfortable when their stuff is within driving distance from home. While not surprising, this factor plays a significant role in whether someone will hire a unit or not. I’ve seen individuals leave one facility as another one opens to shave 1km off their trip! Even when the new price is worse than the old facility, the factor of distance rules them all.

Location within the Storage Facility

The location of your self-storage unit within the facility also plays a significant role in its price. Storage units that are closer to the elevator or entrance can cost more per square meter. From a real-estate point of view, these people are getting “prime real-estate” and are willing to pay for it too (People always prefer such spots).

Ground vs 2nd Floor Units

Being on either the ground floor or 2nd floor can play a huge difference in the monthly cost of the same size unit. The contrast of going up the elevator to your Unit vs driving up to it on the ground floor can be significant.

The Cost

Taking our 3m x 3m self-storage unit as an example from earlier, one flight of stairs can change a unit from costing $200 (ground) a month down to $150 (2nd floor).

Self storage in Australia

Unfortunately, there is no hard and fast rule when it comes to the pricing of the location in a facility. It all comes down to how much people are willing to spend, the more demand there is for a unit; the higher the owner can drive the price!

Inside vs Outside Storage Units

Drive-up units outside the facility usually cost more (~375 per month) due to their ability to store vehicles. Most often these units are 3m wide, 6m deep, and 2.7m high, allowing them to store vehicles of all shapes and sizes. Often the outside units also have the added perk of being 24/7 access due to not needing to go inside the facility.

best Self-storage in Australia

3m x 6m Storage units are large enough to cater for 4WD’s to vintage vehicles. A clean, safe, and highly secure solution that protects your vehicle from the harsh climate and external environments. Furthermore, it will help you save valuable space in your carport or garage.

Storage solutions are not limited to just cars but also other recreational and commercial vehicles. Seasonally or weekend vehicles;

  • Motorbikes
  • Trucks
  • Jet skis
  • Scooters
  • Quad bikes
  • Off-Road vehicles

Motorbikes either classic, sports, or vintage can be securely stored in medium units, and even can be brought upstairs in the 1.5-tonne elevator most facilities have.

  • 3m x 6m Vehicle Storage – From ~$94 per week
  • 3m x 3m Bike Storage – From ~$34 per week

Total Sizes of the Storage Unit.

Is bigger better? Yes, when it comes to the best value for money, larger units are better per meter.

A small unit can cost ~$70 per month, which is around $5.2 per cubic meter (13.5m³). Conversely, a medium-sized unit costs ~135 per month (54m³), that’s only $5 per cubic meter! 

Cost of a self-storage unit in Australia

We also provide storage services for big vehicles such as caravans, trailer trucks, etc. If you are a traveller and you are looking for a storage space to store your caravan for a longer period, then you can check our blog for the “best 9 things to follow while storing your caravan in self-storage.

Powered & Climate controlled Storage Units

If you have belongings that might get damaged by temperature fluctuations. Then you can consider getting a powered and temperature-controlled storage unit that can keep your belongings safe at the right temperature. Keep in mind that the added benefit of power does drive the cost of the unit up to cover power consumption.

Typically, the power consumption is agreed to beforehand and added to the monthly fee. An Inline power meter can be used to make sure tenants are not abusing their agreed-upon power usage. 

Climate control in storage units is a way to protect your temperature-sensitive equipment and belongings. Climate-controlled space guarantees that none of your valuables will be damaged due to temperature fluctuations.

Safe and Secure Self Storage in Perth

Climate control is achieved through continuous refrigerated air conditioning to a unit ($kw/h). Each unit thermostat is set to the desired temperature depending on the tenant’s storage needs. Even during the hottest summer days and coldest winter nights, internal temperatures in these units stay the same. For example, it is recommended that white wines be cellared from 7-12°C and 12-18°C for red wines.

Most climate control space also ensures the air is fresh into and out of the Unit by using inline carbon filters, dust particles and other contagions are kept out of the Unit.

Door Type (roller vs hinges)

Safest self-storage facility in Perth

Most facilities will have a mixture of these two-door types. Rollers doors cost more to have on your Unit, however, they have the added benefits of being out of your way when moving stuff in and out. Hinged doors, on the other hand, are usually the cheaper option. the rule of thumb is to ask yourself “how often will I be opening my unit?” if its less than once a week the hinged door is more than sufficient.        

Insurance cost & coverage at storage facilities

Best Self-storage Insurance

Due to the safety nature of the industry, premiums are very low. Insurance coverage is optional and will immediately protect your belongings in the case of any of these events;

  • Fire
  • Storm and water damage
  • Explosion
  • Burglary
  • Public liability and property damage
  • Loss of rental income

Customer belongings range in value, a self-storage facility will offer individual insurance solutions based on their needs. Monthly premiums start as low as $10 per month and go above $100+ depending on how much coverage the tenant needs.

The Average Storage Insurance Premium Prices Based On Level of Coverage:

Coverage AmountPremiums (Monthly)
$5000 – $25 000 $10 – $35
$30 000 – $50 000 $42 – $65
 $75 000 & Above $100 – $1000

What are some additional fees in a storage facility?

  • Late fee (~$15+)
  • Lock cut fee (~$10+)
  • Auction fee (~$45+)

Storage Fees, like in any industry, are put into place to ensure that everyone plays by the same rules at the facility. Most of these fees are little in nature, but over time they can accumulate into significant debt. For example, being late for payment can accrue ~$15 after five days. However, this fee does not stop accumulating, generally, after 14 days, another late fee of $15 will be added to the tenant’s debt, and so on.

safest self-storage in Australia

Once the owing debt has reached the 45-day mark, a lock cutting fee ($10) and the auction fee of $50 will be added to the tenant’s account. Additionally, any cleaning or repairs charges are added to the tenant’s account. Once the buyer has purchased the auctioned Unit, the remaining debt is paid by the auction money.

Why do people buy storage units at an auction?

Like you may have already guessed, buying storage units at auction is like a ‘lucky-dip’. Some days you might get lucky and end up with a Unit containing bottles of Penfolds Grange or others just a heap of junk!

To learn more or to bid on a unit, visit the storage auctions website at www.ibidonstorage.com.au/faq

I also know Aussie’s love chasing a bargain and hunting for treasures, and that’s why I launched iBidOnStorage.com.au

Owner of Online Storage Unit Auctions.

Moving into self-storage

When you have decided which self-storage, you will choose. The next task is to plan the moving process. This is one inquiry that we get frequently from the people who have a lot of belongings they want to store. But they become hesitant to use self-storage due to all the tedious work of packaging and moving of those goods.

Hence, to make it easier for you. We have also curated the list of the best moving practices that you need to follow.

To start with, you can follow the following steps:

  1.  Categorize all your belonging
  2. Based on the categories select the right packaging and moving boxes.
  3. Hire professionals for the final transit or do it yourself!

The first is to categorize all your belongings into different categories such as fragile, non-fragile, or essentials good. Keep a note of everything, write down the ideal environment for a particular category. For example, Refrigerated storage for consumables, high ceiling for objects like gym equipment, etc.

Once you have categorized everything in the list. Then select the right packaging. Such as covering all your fragile items with a good quality bubble wrap. Make sure that they get the right cushioning (especially around the edges). Finally, put all your belongings in moving boxes of the right size.

Read: Guide to select the right packaging boxes for your move in 2020

Don’t have a car large enough to move all your belongings into storage?

Complete Self-storage Guide 2020

No need to worry, contact your local storage facility and see if they have a hire truck to assist you. Often these trucks work on the policy of being free to move-in and paid for during move-out.

One example truck is the Isuzu NPR 200, a standard-sized removalist truck, that may be driven on a normal car license! Most trucks at a storage facility should come with an easy to use a hydraulic tail lift to save your back in the process too. Most facilities will charge by the hour (~$20) and a markup on the cost of fuel (2 dollars per litter). Alternatively, some facilities will get the tenant to return the truck full with some proof of purchased fuel being required.

Get The right Self Storage For Yourself Today

I hope that this blog was helpful to you in going through the process of moving your belongings to safe and secure self-storage.

In case if you still have any inquiries then please contact us here.

Written by Ethan Smith