Welcome to the February edition of the Self Storage Market Rate Flash.
Self Storage Advisory Australia and our data partner, StorTrack, are pleased to present another month of market trends and insights. We are noticing moderation of recent growth trends. This isn’t occurring in just one market, but more broadly across the nation, which correlates with the macro-economic conditions experienced in the first quarter of calendar 2026.
Greater Sydney remains, on balance, in a much-improved position compared to this time twelve months ago. Despite a month of asking rate decreases, average monthly growth over the last twelve months (LTM) remains mostly positive for all unit sizes except for 6.00m².
Greater Melbourne continues a steady decline both month-over-month (MoM) and over the LTM. Only the smallest units, 2.25m², have higher asking rental rates (by 2.41%) than this time last year.
Greater Brisbane, much like Greater Sydney, remains in a strong position relative to this time last year. Despite MoM decreases to asking rental rates of 0.9% -4.0%, the weighted average unit price is 9.6% higher than this time last year.
Greater Perth is posting asking rents equal to or below the LTM. Simple growth over the LTM is positive in the 6.00m² and 18.00m² sizes, while the remaining sizes are either stagnant or below. Perth’s wider economy and residential housing market remain in a strong position for 2026, so we expect to see asking rents recalibrate toward the positive in the near term.
Even the star performer of 2025, Greater Adelaide, was not immune to the asking rate decreases posted this month. Simple growth over the LTM remains predominantly positive with only 6.00m² and 12.00m² product asking lower rates than this time last year.
Read on to see the results for yourself.