[U/C] 124 Waymouth Street | ~50m | 15 Levels | Student Accom

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wilkiebarkid
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[U/C] Re: 124 Waymouth Street | ~50m | 15 Levels | Student Accom

#106 Post by wilkiebarkid » Fri May 15, 2020 6:46 pm

GrowAdelaide wrote:
Fri May 15, 2020 2:54 pm
Ben wrote:
Thu May 14, 2020 6:49 pm
This topped out today.
What? Assuming Wilkiebard's pic was taken on the 6th, they did four levels in 8 days?

Sorry, should have mentioned that it EBGs blown up from an earlier post on this page on March 15.

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[U/C] Re: 124 Waymouth Street | ~50m | 15 Levels | Student Accom

#107 Post by EBG » Sat May 16, 2020 11:44 pm

I make it 16 stories if you allow 2 stories behind street level scaffolding. note this picture is from 3 weeks ago.
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[U/C] Re: 124 Waymouth Street | ~50m | 15 Levels | Student Accom

#108 Post by floplo » Sun May 17, 2020 11:34 am

EBG wrote:
Sat May 16, 2020 11:44 pm
I make it 16 stories if you allow 2 stories behind street level scaffolding. note this picture is from 3 weeks ago.
I guess they could have a 'mezzanine' floor, are those counted as a separate level?

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[U/C] Re: 124 Waymouth Street | ~50m | 15 Levels | Student Accom

#109 Post by Algernon » Sun May 17, 2020 3:44 pm

floplo wrote:
Sun May 17, 2020 11:34 am
EBG wrote:
Sat May 16, 2020 11:44 pm
I make it 16 stories if you allow 2 stories behind street level scaffolding. note this picture is from 3 weeks ago.
I guess they could have a 'mezzanine' floor, are those counted as a separate level?
Depends who is counting but CTBUH I believe no (but a 15-17 level lego brick bunnings window dump like this isn't CTBUH's concern)

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[U/C] Re: 124 Waymouth Street | ~50m | 15 Levels | Student Accom

#110 Post by Ben » Sun May 17, 2020 4:48 pm

“Upmarket” 😂
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[U/C] Re: 124 Waymouth Street | ~50m | 15 Levels | Student Accom

#111 Post by NTRabbit » Sun May 17, 2020 6:06 pm

Ben wrote:
Sun May 17, 2020 4:48 pm
“Upmarket” 😂
Upmarket for many students is buying the fancier brand of instant ramen for 80 cents a packet instead of the 40 cent ones, it's all relative

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[U/C] Re: [U/C] Re: 124 Waymouth Street | ~50m | 15 Levels | Student Accom

#112 Post by floplo » Sun May 17, 2020 9:35 pm

NTRabbit wrote:
Ben wrote:
Sun May 17, 2020 4:48 pm
“Upmarket” Image
Upmarket for many students is buying the fancier brand of instant ramen for 80 cents a packet instead of the 40 cent ones, it's all relative
Actually, I'd guess that for most rooms the sqm rent will be higher than in the new next door building....

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[U/C] Re: [U/C] Re: 124 Waymouth Street | ~50m | 15 Levels | Student Accom

#113 Post by Algernon » Sun May 17, 2020 10:49 pm

floplo wrote:
Sun May 17, 2020 9:35 pm
NTRabbit wrote:
Ben wrote:
Sun May 17, 2020 4:48 pm
“Upmarket” Image
Upmarket for many students is buying the fancier brand of instant ramen for 80 cents a packet instead of the 40 cent ones, it's all relative
Actually, I'd guess that for most rooms the sqm rent will be higher than in the new next door building....

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813 beds will do that

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[U/C] Re: [U/C] Re: 124 Waymouth Street | ~50m | 15 Levels | Student Accom

#114 Post by dbl96 » Sat May 23, 2020 11:19 am

floplo wrote:
Sun May 17, 2020 9:35 pm
NTRabbit wrote:
Ben wrote:
Sun May 17, 2020 4:48 pm
“Upmarket” Image
Upmarket for many students is buying the fancier brand of instant ramen for 80 cents a packet instead of the 40 cent ones, it's all relative
Actually, I'd guess that for most rooms the sqm rent will be higher than in the new next door building....

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Correct.

NTRabbit I think you are misunderstanding the market for these buildings. They are not cheap to rent in. A single room can cost over $300/week.

These buildings are filled almost exclusively with international students from rich families. Many of these students probably have more disposable income than most local working people. It's certainly no cliche of student poverty. These students aren't eating instant noodles - be in 40 or 80 cents a packet. Many of them spend hundreds of dollars a week dining out at fancy Chinese restaurants.

These students choose to live in these buildings because of the convenience. While they might look a bit ugly on the outside, they are quite well fitted out and provide a range of services that are useful to students, particularly those who are unfamiliar with Adelaide. Renting a room in one of these places is simple - you don't have to deal with the vagaries of the rental market or the shenanigans landlords get up to. Securing a house on the private rental market is difficult enough for locals to deal with, let alone for newly arrived international students who often have to contend with language barriers, lack of knowledge of Adelaide, and lack of transport options.

The type of students who survive on instant noodles live in sharehouses in the suburbs, not fancy, marketed "student accomodation". And of course, these days, the vast majority of domestic undergraduate students live at home with their parents. Moving out is simply unaffordable for most.

For many students who do live in these student accommodation buildings, it is a stepping stone to moving into the regular rental market. The convenience of the student accommodation allows newly arrived international students to get settled in Adelaide and get their bearings before seeking out more affordable options.

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