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Why is this good value for money to the tenant?

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Whether tenants are on their own or in a couple, the majority will be considering one of two accommodation options. First is the standard share home, which is just a house that you pay to rent a room and share almost everything. This option is the cheapest but also the most uncomfortable. Second is the studio/one bed apartment. This option provides privacy, however, it is the most expensive way to rent any accommodation in Australia.