| I just got a place last week, there are places in the Merton going for about $12.5k for a 2 bedroom 630 ft, but not facing the sea. the higher up on the 23rd flr I was shown an apartment that was on the market for $14.5k but the agent thought he could get it for around 13-13.5. You pay more the higher up you are, and most of the sea facing apartments have gone.
He believed at the moment there are about 10-15 2 bedroom rentals available in the merton. I think when over the 20th flr the owners wont go below 13 flor a 2 bed, as it seems to be a rule that they have all brokered, call it market forces!
The rooms are quite small, my living room is 15ft x 9ft, bedroom 10ft x 7ft, second bedroom/storage 7ft x 7ft. as it is a new building, everything is in good order, doors close tight, air cons works well. etc. The kitchen is good enough and the bathroom is clean and the water pressure good. I paid 11.5.
I've been told that the gym in the merton is $20 a pop. Not to bad if you use say 3-4 times a week.
The Merton has gym, sauna, outdoor pool facing the sea, table tennis, snooker room, kareoke room, reading rooms, tv room, 2 piano rooms (odd!) etc. I believe these to be free, apart from the gym.
The most important thing however is to haggle in price, and play one agent off against the other. If they are showing the same flats, they are fighting for the same agents fees.
Remember that they get 50% of your montly rent so for example 13k they get a one off $6.5 fee. If you got it down to 12k, they still get a 6k fee to them. They only lose out on $500 but they still get the $6k they might have missed. You however save $12k a year. BINGO!
The negative correlation happens when you sell a flat, the agent cant be arsed to increase your selling price by 10k, as they only receive an extra 500 in fees.
Do not go to the official buildings agents, they will charge through the nose. Better off going to an agent, of someone who has bought a buy to let apartment.
There are plenty on Belcher and on Davis St.
Hope this helps and good luck |