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?
Read more: Find out if your desired suburb is nbn ready
New South Wales
If you’re apartment hunting in New South Wales’ most in-demand areas, you’re in luck. All of the top suburbs in the new apartment market are ready for the nbn network.
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.
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.
Project manager Andrew Wilkinson from ZoneQ Investments, which is building the 19-storey, 102-apartment Pinnacle development in South Perth, says it’s no longer a question of whether or not to have the nbn network installed in new residential developments.
“It (nbn) certainly allows a broad range of options for the residents to access anything that want to watch,” Wilkinson says.
“We’re future-proofing the (Pinnacle) building, in that we’re putting the infrastructure in for it now. I’d expect most people to take up the nbn when they move in.”
Northbridge was the only high-demand suburb not yet connected to the nbn network.
If you’re hunting around Murarrie South Brisbane, West End, Kangaroo Point, Brisbane, Fortitude Valley, Newstead, Surfers Paradise, Woolloongabba, New Farm, Bowen Hills, Hamilton, Bulimba, Broadbeach or Indooroopilly all have excellent access to the nbn.
New Farm was the only suburb among Queensland’s most sought-after apartment locations not yet connected to the nbn network.
Four of South Australia’s top nine searched suburbs for new apartments currently able to access the nbn network.