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Price Comparison:
Home Lift Prices in Australia 2024

Understanding Home Lift Prices in Australia

How much do home and residential lifts cost?

As the demand for home lifts continues to rise in Australia, it’s essential for homeowners to understand the varying prices and options available in the market. When considering the installation of a home lift, it’s crucial to explore the different types of lifts and their associated costs. In this article, we will delve into home lift prices in Australia, specifically comparing hydraulic lifts, all-electric lifts, and specialised options. We will also touch upon the hidden costs associated with lift purchases.

All-electric Lifts

All-electric lifts have gained popularity due to their eco-friendly nature and energy efficiency. These lifts rely on electric motors and drives to operate, eliminating the need for hydraulic fluids. All-electric lifts are generally quieter and require less maintenance compared to hydraulic lifts. They also don’t require an additional motor room like their hydraulic counterparts.

Marginally more expensive, a typical two-level all-electric lift costs between $47,000 to $55,000 (+GST). The extra cost is easily justified considering the superior technology and associated benefits.

Important note: Next Level Elevators currently provides an industry first, offering an all-electric lift paired with a self-supporting shaft for $47,000 (+GST). This means you can have a superior product for less overall cost than a hydraulic lift. See Eltec Volare product.

Hydraulic Lifts

Hydraulic lifts have been a common choice in the past due to limited options. These lifts operate by utilising an oil-based mechanism that employs pressure to facilitate vertical movement of the lift car. An additional space is required outside the lift which contains the hydraulic oil. The oil reservoir is interconnected with the lift car, enabling the hydraulic system to function. Unfortunately, this type of lift is not efficient to run, requiring a multiphase power supply which can demand up to 40 amps.

Typically, a two-level Hydraulic lift costs around $45,000 to $50,000 (+GST). This cost doesn’t include a lift shaft or any other related building works.

Specialised Options

Specialist lift companies like Compact Home Lifts offer unique solutions for homeowners with limited space who are looking for more affordable options. These lifts are designed to fit in small or awkward spaces, such as narrow staircases or tight corners. Compact Home Lifts are known for their sleek design, versatility, and ease of installation.

The cost of a Compact Home Lift currently ranges from $31,000 to $36,000.

 

Hidden Costs

One significant expense is the cost of building a lift shaft. Most home lifts require a dedicated vertical space to operate, and constructing a lift shaft involves structural modifications to your home. The cost of building a lift shaft can cost tens of thousands depending on factors such as design, size, and materials used. It’s crucial to consult with professionals to assess the feasibility of constructing a lift shaft and obtain an accurate cost estimate.

Another important consideration is the cost of servicing the lift. Regular maintenance and servicing are essential to ensure the safe and smooth operation of home lifts. The cost of servicing can vary based on the type of lift and the service package chosen. Generally, annual maintenance costs for home lifts range from $500 to $1,500. It is advisable to inquire about servicing costs and warranty options when purchasing a home lift to have a clear understanding of the ongoing expenses involved.

Homeowners should also consider the cost of running the elevator. Home lifts consume electricity, and energy consumption can vary depending on factors such as capacity, frequency of use, and energy-efficient features. All-electric lifts are a much more efficient option than hydraulic lifts which can consumer copious amounts on energy in comparison.

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Home lift prices Australia

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