Overview and Location
Y Suites on Margaret sits in Redfern, a suburb just south of Sydney’s central business district. The address places it within walking distance of several major university campuses, though given the city’s layout, most students will rely on trains or buses for daily commutes. The property itself is a modern purpose-built student accommodation (PBSA) with a focus on security, convenience, and community facilities.
The building provides a mix of studio, ensuite, and non-ensuite rooms. Common amenities include a cinema room, games area, and gym — features that typically appeal to students who want social and recreational spaces without leaving the building. The location in Redfern also means access to the rail network (Redfern Station is a short walk) and proximity to local cafés, shops, and parks.
Price Positioning vs Sydney’s Market
The weekly rent at Y Suites on Margaret ranges from AUD 739 to 1,009 (indicative — confirm with the operator). To put that in context, the city’s lowest listed student property price (across 141 properties tracked) starts at AUD 175 per week (indicative — confirm with the operator). This places Y Suites on Margaret firmly in the upper tier of Sydney student accommodation.
The premium reflects several factors: the building is relatively new, rooms are described by residents as modern and clean, and the rent typically includes utilities (water and electricity) as well as access to facilities like the cinema and gym. Some reviews note that the price is “quite expensive” but “worth it” — suggesting value for those who prioritise convenience and quality.
If you are budget-conscious, the gap between AUD 739 and the market entry-level of AUD 175 is large. However, the lower-priced options in Sydney are often older shared houses or basic studio apartments with fewer amenities and longer commutes. Y Suites on Margaret competes more directly with other high-end PBSAs in inner Sydney.
Room Types and Amenities
Three unit types are available:
- Studio: Self-contained unit with private kitchen and bathroom. Highest privacy, typically the most expensive within the price range.
- Ensuite: Private bathroom, shared kitchen and living area with other residents. Balances privacy with lower cost compared to studios.
- Non-ensuite: Shared bathroom and kitchen. The most affordable option in the property, though still above the city’s minimum.
The property’s tags list “Cinema, Games Area, Gym” — these are shared facilities. The games area is a common social hub, and the gym reduces the need for an external membership. The cinema room is a distinctive feature not found in many lower-priced accommodations.
All rooms come with electronic locks, which residents highlight as a security plus. The lease minimum is 19 weeks, which aligns with a standard academic semester. This makes it suitable for both semester-length stays and full-year bookings (though longer leases may be negotiable).
What Residents Actually Say
Three Google reviews (overall rating: 5 out of 5 from 33 reviews) offer direct feedback. Below are verbatim quotes:
“This apartment is very convenient and secure — it has an electronic lock that makes entry easy and safe. It’s also a great deal since the rent includes both water and electricity bills, making it very affordable.” — hhx
“It is quite expensive, but worth it. It is so clean and safe. All the staff are so kind, particularly Barry. It was my first time moving out of home, and this was the best fit for me. Worth the money!” — Zoe Dalgleish
“From booking to check in, the process was very smooth. The rooms are very modern and clean, and provide everything a student will need. Very close to local universities.” — ARIANA ABDULLAH
Common themes: security (electronic locks, cleanliness), convenience (inclusive bills, near universities), and positive staff interactions. The “expensive but worth it” sentiment recurs. No negative reviews were provided in the data, though the small sample (33 total) may not represent all experiences.
Booking Timing and Lease Terms
The minimum lease period is 19 weeks. Properties in Sydney’s inner suburbs tend to fill quickly for Semester 1 (February–June) and Semester 2 (July–November). Given the high price point, Y Suites on Margaret may have longer availability than budget options, but early booking (3–6 months ahead) is advisable for preferred room types.
If you need a shorter stay (less than 19 weeks), this residence may not suit. Conversely, if you want a fixed-term contract without ongoing commitment, the 19-week minimum offers that flexibility.
Who This Residence Suits — and Who Might Look Elsewhere
Suits:
- Students who value security, cleanliness, and modern facilities over the lowest possible rent.
- First-time movers who want a supported environment (reviewers mention helpful staff).
- Those who prefer all-inclusive bills to simplify budgeting.
- Students attending universities within a 20–30 minute commute from Redfern (e.g., University of Sydney, UTS, University of NSW — though specific institutions are not named here per editorial policy).
- People who will use the cinema, games area, or gym regularly.
Does not suit:
- Students on a tight budget. The cheapest room here is more than four times the city’s minimum.
- Those who want a short-term stay under 19 weeks.
- Anyone who prefers a quiet, independent house-share with fewer social features.
FAQ
Is the rent inclusive of all bills?
Based on resident reviews, the rent includes water and electricity bills. You should confirm internet and other charges directly with the operator, as these are not specified in the data.
How far is it from the nearest university?
The property is “very close to local universities” according to a resident. Redfern is adjacent to the main campuses of the University of Sydney and the University of Technology Sydney. Public transport or walking distances vary by specific faculty.
What is the cancellation or early termination policy?
The data does not include cancellation terms. Because the minimum lease is 19 weeks, ask the operator about notice periods and penalties before signing.
Sources & data date
Price and property data sourced from an independent student-housing platform. Data date: 2026-07. All prices are indicative — confirm with the operator.
For live availability and personalised advice, use the on-site assistant on the property page.
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