Another factor making some of these new apartments blocks expensive to buy and rent is high body corporate.
Things you pay for with many of these new blocks are: Gym; Pool; Yoga room; Concierge; Business Centre for Residents; Common BBQ area; Elevators;........
All these things don't come for free, making these apartments expensive ....
By the way: Not surprised about St Kilda Road. No shops, Dead on the weekend,...