Industry Analysis & Industry Trends
Over the past five years, the Self-Storage Services industry has been supported by steady demand from Australian consumers, especially those relocating for short-term purposes such as employment or study. The industry has also grown steadily thanks to the lack of feasible substitutes for self-storage services, with consumers turning to industry operators to store larger items such as furniture or automobiles for later use. As a result, over the five years through 2013-14, the Self-Storage Services industry is expected to grow at an annualised 1.8%. Profitability for the industry has also grown over the past five years as operators have aimed to reduce costs... purchase to read more
Industry Report - Industry Locations Chapter
The industry draws a disproportionate share of revenue from states where the workforce is transient. For this reason, the amount of revenue earned in Western Australia is higher than Western Australia's share of population would suggest. The same is true of the Australian Capital Territory. In these states and territories, the utilisation of industry services tends to be more consistent. In addition to higher demand, this contributes to higher revenue for operators. In addition, both states have higher income levels, contributing to the ability of residents to pay for such services.
Revenue generated in Victoria is noticeably lower than New South Wales. Greater access to flat, industrially zoned land is a factor that promotes more competition in this state, keeping prices lower... purchase to read more