Why paying $975 a week for a Southbank apartment could actually save you thousands

Lena Herrmann and Benjamin Boehm at Indi Southbank, where paying a $225-a-week premium on a two-bedroom apartment can actually save heavy gym and co-working users thousands of dollars a year. Picture: Matt Hull A $975-a-week build-to-rent apartment can look steep, but heavy users could offset its $11,700 annual gap through gym and workspace costs avoided elsewhere. A two-bedroom, two-bathroom apartment at Indi Southbank is advertised for $975 a week, compared with Southbank’s $750 median for two-bedroom units. That puts $225 a week, or $11,700 a year, between the two.RELATED: Fire-damaged Melb squatter den tops $1m ‘Weak as p***’: Block teams commit ultimate crime First-home buyers given ‘worst’ deal in 56yrs The suburb median is not a like-for-like comparison, however, with individual apartments differing in size, age, bathrooms, aspect and the facilities included with their rent. Nearby build-to-rent developments show Indi is not alone in charging well above the broader Southbank median. A two-bedroom, two-bathroom apartment at Home Southbank is advertised for $950 a week, while a Madison Grand example is asking $1050. The premium $975-a-week rent includes access to a 15m heated ...