Millennials move home and turn to storage lockers

Millennials move home and turn to storage lockers
Millennials move home and turn to storage lockers

COVID-19 has affected everything from our work life, social life and our home life, leading to many of us making changes across one or more of these areas. Specifically, some empty nesters have found themselves back to running a full house with young adult children choosing to move home because of the pandemic.  

TAXIBOX, a mobile self-storage company has revealed the top suburbs across Sydney, Melbourne and Brisbane requiring storage, with locations popular amongst younger demographics such as Surry Hills, Paddington, Glebe, St Kilda and Woolloomooloo entering the list for 2020. With the pandemic leading to rising unemployment and many Australians, especially those in Melbourne who are re-entering lockdown and feeling the pinch – data indicates that the younger demographics (across all three states) are in the greatest need for storage.  

With the average cost of rent for a unit over 863 per cent higher than renting a TAXIBOX, Millennials that decide to pack up and store their possessions to move back in with mum and dad have the opportunity to save on average over $2,000/month (for Sydney dwellers) and over $1,500/month (for Melbourne and Brisbane residents).

 So what suburbs across the three states are in most need of storage solutions and how has this changed from 2019? Below are the top five locations across Sydney, Melbourne and Brisbane according to TAXIBOX data.  

Sydney 

2020

2019

Bondi – 2026

Bondi – 2026

Surry Hills/Darlinghurst – 2010

Newtown – 2042

Paddington – 2021

Maroubra – 2035

Glebe – 2037

Marrickville -2204

Woolloomooloo - 2011

Randwick - 2031

 

Melbourne 

2020

2019

Richmond - 3121

Brunswick - 3056

Clifton Hill - 3068

Prahran - 3181

St Kilda - 3182 

Clifton Hill - 3068

Brunswick - 3056

Northcote - 3070

Prahran - 3181

Richmond - 3121

 

Brisbane 

2020

2019

West End – 4101

West End – 4101

Carina - 4152

Carina – 4152

Alderley - 4051 

New Farm – 4005

Corinda – 4075

MORNINGSIDE – 4170

Nundah – 4012

Kallangur - 4503

Tags: 
Millennials Taxibox

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