How time flies…It has officially been twelve months since we released our inaugural Self Storage Market Rate Flash in May 2024. One year later, the demand for timely and relevant market data grows stronger, so we’re thrilled to announce that Self Storage Advisory Australia has partnered with StorTrack, the leading provider of self storage market data and analytics.
This collaboration marks a significant step forward in providing the sector with comprehensive, up-to-date rental rate data and research to better inform decisions across revenue strategy and investment. As part of this partnership, Self Storage Advisory Australia will act as the exclusive reseller of StorTrack’s suite of products throughout Australia and New Zealand.
Leveraging this partnership, we have integrated our monthly Market Rate Flash with StorTrack’s robust rental rate data set, further enhancing the breadth and coverage of asking rent data across each metropolitan market in Australia—and more.
With a full year of data, Sydney and Melbourne’s last twelve-month (LTM) performance demonstrates softening demand. Sydney has fared worse with prices decreasing across the board by 6.7% or more, while Melbourne’s pricing decline was a maximum of 6.4% (refer Simple Growth LTM data).
Brisbane and Perth posted the strongest gains in the country over the last twelve months. Brisbane’s success has come from smaller product rate appreciation (2.25m², 4.50m² and 6.00m²), whereas Perth posted a mixture over the last twelve-month period.
On a month over month basis the highest gains posted were Adelaide’s 9.00m² with a 2.85% increase, and Brisbane’s 6.00m² with a 2.97% uptick.
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