PRESS RELEASE: Safety in numbers for safe deposit box industry

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The global safe deposit industry is experiencing a surge in growth, with projections indicating substantial growth to AUD 18.5 billion by 2030, expanding at a Compound Annual Growth Rate (CAGR) of 2.3% during the forecast period.

This surge in the industry has been spurred by a paradigm shift – an increasing number of banks have ceased offering safe deposit boxes in recent decades. And individuals are increasingly turning to independent, non-bank, and non-government vaulting facilities to safeguard their rare, precious, and important items.

Recognising this trend, Redcliffe based Private Vaults Australia (https://privatevaults.com.au/) has grown to become an industry leading independent provider of safe deposit boxes in Brisbane.

“An increasing amount of uncertainty, firstly beginning with COVID-19 and more recently continuing with Ukraine and the Middle East, does prompt people to consider their options for storing their valuables,” explained Private Vaults Director Peter Hobson.

“People want to be assured that they can have access to their valuables when they want, regardless as to what is happening in that moment. Customers therefore appreciate independence from the traditional banking system.

“This independence guarantees that all items stored within our facilities are shielded from the Australian government’s Bank bail-in law or a Fiat Currency collapse, providing our clients with peace of mind in uncertain times.”

Mr Hobson said companies that specialise in safe deposit boxes also tend to offer more personalised service, greater flexibility and a specialisation on security and technology to keep their belongings safe.

For media inquiries, please contact:

David Walsh
From SEO Web Logistics (https://seoweblogistics.com/) and GC Website Designs (https://goldcoastwebsitedesigns.com.au/)
07 5641 0224

Media Contacts:

Name: David WalshCompany: Private Vaults AustraliaEmail: [email protected]Phone: 07 5641 0224

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November 2, 2023/by Reland Pigte

About Private Vaults Australia

Tailored to the strong market demand for high-end safe deposit boxes, Private Vaults Australia is committed to providing a distinguished safe deposit box service with a high degree of privacy and security. They guarantee first-class protection of valuable assets, all while providing an intimate, considerate and premium customer service.

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