Azure Premium Storage is a solid-state drive (SSD)–based storage solution designed to support I/O-intensive workloads. With Premium Storage, you can add up to 32 TB of persistent storage per virtual machine, with more than 64,000 IOPS per virtual machine and extremely low latencies for read operations.
Offering a service-level agreement (SLA) for 99.9 percent availability, Premium Storage is now available in the Australia East region, in addition to the West US, East US 2, West Europe, Southeast Asia, and Japan West regions that were previously announced
For more information, please visit the Storage
page and the Azure Storage Pricing