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High demand for apartments in NBN-ready suburbs

Is it a coincidence that Australia’s most in-demand suburbs for new apartments are almost all connected to the nbn network?

Perhaps, but those in the know say nbn network connectivity is now a major factor when it comes to people choosing where they want to live.

REA Group data shows that the most searched-for suburbs for new apartments in every state on realestate.com.au are almost universally connected to the nbn network.

Apartment buyers now expect to have high-speed internet.

Apartment buyers now expect to have high-speed internet.

 

Julian Nachmias, nbn General Manager of Build Partnerships, says for buyers of new apartments, access to the nbn network has become a non-negotiable.

“For the first time we’re starting to see people actually walk into a sales display office and ask the question: has this got high-speed broadband or the nbn network available here? Because they know once they move into their home, if everyone’s going to be happy they need to have high-speed broadband,” Nachmias says.

“We’ve done a lot of surveys and one of those surveys found that 80% of buyers say that a reliable broadband connection is a key consideration when searching for a property. A few years ago you wouldn’t have seen that all that much.

“We’re seeing that about 65% of home buyers would consider negotiating a lower price if they can’t get the broadband that they need. They’re seeing it as almost like a detractor – if I’m going to buy this new property and it’s not going to have high-speed broadband, then why on earth am I paying this price?”

So where can you expect to find the nbn network when you’re scouting out your dream apartment?

New South Wales

If you’re apartment hunting in New South Wales’ most in-demand areas, you’re in luck. All of the top searched-for suburbs in the new apartment market are ready for the nbn network.

Top searched suburbs Sydney [CBD], The RocksNorth SydneyGosfordPyrmontDee WhyPenrithTerrigalLane Cove and Manly are all able to access the nbn network.

Victoria

Melbourne’s inner-city hotspots enjoy the largest volume of new apartment searches in Victoria, and they’re all able to access the nbn network.

MelbournePort MelbourneBrunswickAbbotsfordGeelongSouth YarraRichmondPrestonMoonee Ponds and Southbank are all on board.

Western Australia

WA has well and truly kept pace with the eastern seaboard on access to the nbn network, with 93% of its most in-demand apartment locales also connected.

The new Ancora apartments being built in Fremantle will have nbn ready for residents. Picture: realestate.com.au/buy

The new Ancora apartments being built in Fremantle will have nbn ready for residents. Picture: realestate.com.au/buy

ScarboroughFremantle, Palmyra, FloreatSubiacoInnalooDoubleviewWest Leederville and Churchlands all have access to the nbn network.

Queensland

If you’re hunting around Palm BeachBurleigh HeadsBrisbane CityNewstead, South Bank, BroadbeachWest EndCoorparoo, Kirra, or Noosa Heads all have excellent access to the nbn.

Sandbar Burleigh, a new apartment block in Burleigh Heads will have nbn. Picture: realestate.com.au/buy

Sandbar Burleigh, a new apartment block in Burleigh Heads will have nbn. Picture: realestate.com.au/buy

South Australia

Seven of South Australia’s top 10 searched suburbs for new apartments currently able to access the nbn network.

Those with the service available are AdelaideBowdenWest LakesProspectNorwoodKent Town and Woodville.

 

Data source: realestate.com.au – Real Demand Index, October-December 2017; nbn – nbn-ready postcodes, FY18.


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