Why is this ensuite room in Brisbane so expensive? ❗️

I must say, the rooms at Iglu Apartments are indeed on the higher side in terms of price. 🎉 However, the facilities in this apartment are also quite good, and the interior design is attractive. Let's take this ensuite room as an example: 🏠Room facilities: Keycard entry, extra-large single bed with storage space underneath, built-in reading light, desk, chair, and desk lamp, pinboard and bookshelf, ample storage space, built-in wardrobe, full-length mirror, soundproof blinds, ❗️each room has air conditioning, heating, and inclusive bills. 🏠Apartment facilities: High-definition TV Lounge area with sofa, coffee table, and footstool Dining table and chairs Fully equipped kitchen: Oven, microwave, and stovetop Large fridge and freezer Kettle and toaster Gym, complimentary breakfast, and coffee. 📍Location: 65 Mary St, Brisbane City QLD 4000, Australia 13 minutes walk to Queensland University of Technology 27 minutes by bus to the University of Queensland.