Affordable or a rip-off? The internet is shocked by the size of this $600 a week studio!
In times like these, we've all got to cut our cloth accordingly. But when you glance at the Australian housing market, the situation seems rather alarming.
Just take this as an example: a 'tiny' studio in Surry Hills, Sydney, is being advertised for an eye-watering $600 a week! Described as 'affordable student accommodation', the apartment features two stained single mattresses shoved against the wall, a bar fridge, a small desk and chair near the window, and a shared bathroom. It's far from what you'd call a dream home.
Upon closer examination, the online photos paint a far less glamorous picture than the so-called 'modern en-suite rooms', gaming room, free WiFi and 'study area' boasted in the listing. While tenants have the room to themselves, everything else would have to be shared with their neighbours, including a kitchenette and communal lounge area. Oddly, there's no mention of laundry facilities.
If you're thinking, 'Well, it's inner Sydney, so maybe...', the apartment is actually in Redfern, not fashionable Surry Hills as the listing claims.
Fed-up renters have taken to social media to vent their frustrations at the exorbitant asking price, with one Reddit user posting a screenshot of the apartment listing along with the caption, 'Don't all apply at once. Sydney rental market is a good time.' The sarcastic remarks poured in, with one comment cheekily stating, 'Oooh fridge in the bedroom. Take my money,' while another observed, 'Yellow is an unfortunate name for a real estate considering the colour of that bed stain, lol.'
Adam Flynn (Victorian State Director of Coronis Real Estate Group) advises tenants looking to dodge the housing crisis to reassess their lifestyles and prioritise accordingly. He told FEMAIL that opportunistic landlords are taking advantage of the economic situation, and renters should decide if living in the CBD is worth a substandard living environment at an inflated cost.
Flynn says, 'Many can move 10 or 15 kilometres out of the city and have a better quality of life at a reasonable price—but they will have to make the sacrifice of travel for study and work.'
Incredibly, this isn't the only 'unreasonable' housing available in Australia. Recently a Flinders Street studio in Melbourne CBD, dubbed a 'prison cell,' drew outrage after being advertised for $320 a week. Check out the story here.
Flynn, shedding light on this baffling scenario, says that supply and demand have led to properties like these being priced – and rented – at such high amounts. Unfortunately, it would seem that in the Australian housing market, biting the bullet and putting up with sky-high rent and subpar living conditions is starting to look like a viable option for some.
We don't know about you, but we find it hard to swallow the outrageous situation that Australian renters are facing. With housing costs on the rise, people are being increasingly forced into situations where the choice is between living in a cramped, overpriced apartment or facing considerable commutes to work and study. Can you relate to the frustrating reality of Australian renters today? Share your thoughts on the rising housing costs and the tough choices individuals are being forced to make.
Just take this as an example: a 'tiny' studio in Surry Hills, Sydney, is being advertised for an eye-watering $600 a week! Described as 'affordable student accommodation', the apartment features two stained single mattresses shoved against the wall, a bar fridge, a small desk and chair near the window, and a shared bathroom. It's far from what you'd call a dream home.
Upon closer examination, the online photos paint a far less glamorous picture than the so-called 'modern en-suite rooms', gaming room, free WiFi and 'study area' boasted in the listing. While tenants have the room to themselves, everything else would have to be shared with their neighbours, including a kitchenette and communal lounge area. Oddly, there's no mention of laundry facilities.
If you're thinking, 'Well, it's inner Sydney, so maybe...', the apartment is actually in Redfern, not fashionable Surry Hills as the listing claims.
Fed-up renters have taken to social media to vent their frustrations at the exorbitant asking price, with one Reddit user posting a screenshot of the apartment listing along with the caption, 'Don't all apply at once. Sydney rental market is a good time.' The sarcastic remarks poured in, with one comment cheekily stating, 'Oooh fridge in the bedroom. Take my money,' while another observed, 'Yellow is an unfortunate name for a real estate considering the colour of that bed stain, lol.'
Adam Flynn (Victorian State Director of Coronis Real Estate Group) advises tenants looking to dodge the housing crisis to reassess their lifestyles and prioritise accordingly. He told FEMAIL that opportunistic landlords are taking advantage of the economic situation, and renters should decide if living in the CBD is worth a substandard living environment at an inflated cost.
Flynn says, 'Many can move 10 or 15 kilometres out of the city and have a better quality of life at a reasonable price—but they will have to make the sacrifice of travel for study and work.'
Incredibly, this isn't the only 'unreasonable' housing available in Australia. Recently a Flinders Street studio in Melbourne CBD, dubbed a 'prison cell,' drew outrage after being advertised for $320 a week. Check out the story here.
Flynn, shedding light on this baffling scenario, says that supply and demand have led to properties like these being priced – and rented – at such high amounts. Unfortunately, it would seem that in the Australian housing market, biting the bullet and putting up with sky-high rent and subpar living conditions is starting to look like a viable option for some.
Key Takeaways
- A studio apartment in Sydney, with no kitchen and a shared bathroom, is being listed as 'affordable student accommodation' for $600 per week.
- The apartment features two single-stained mattresses, a bar fridge, a small desk and chair, and a communal kitchen and lounge area.
- Renters have expressed shock and frustration at the high asking price for the small living space.
- The listing comes as Australia's housing crisis continues, with renters facing high costs for substandard accommodations.
We don't know about you, but we find it hard to swallow the outrageous situation that Australian renters are facing. With housing costs on the rise, people are being increasingly forced into situations where the choice is between living in a cramped, overpriced apartment or facing considerable commutes to work and study. Can you relate to the frustrating reality of Australian renters today? Share your thoughts on the rising housing costs and the tough choices individuals are being forced to make.