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RENTS OF EXPENSIVE
FLATS FALL
£15 a Week to £7
Although an average rent of £18
a week was paid for the expensive
type of flat In Melbourne, these, with
other houses .anil flats, had become
cheaper recently, a city rem esiaiu
agent said today.
Flats in South Yarra and St. Kllda
that had been let four years ago for
£15 a week were now occupied by
tenants paying anything from £7 to
£10.
A number of flats wore let for £16
a week, and In some Instances even
more was paid.
Rents had been falling for some
tltno. During the 35 years he had
been In business he hud not known
rents to have had 'such a general
full.
Tlie majority of flat dwellers were
paying rents which ranged from £3
to £3/10/.
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