How Important Is Internet Access When Buying A Property?

Poor Internet Can Cost You As Much As 20% Of Your Value

How important is internet access when buying a property? I’d say VERY VERY important! Almost as important as water, power and transport.

Think about it.

I work from home a minimum of two or three days a week as a lot of you probably do.

I don’t have a traditional landline phone I use an internet phone so I don’t get phone bills.

All my children need internet access every night for their homework. They don’t even submit hard copy assignments anymore it is all done electronically.

Does better broadband mean higher property prices?

A comprehensive report carried out by the London School of Economics used 15 years of data to examine the impact broadband had on house prices. This showed that on average house prices increased by 3% when broadband speeds doubled. And a study from 2014 suggested that slow broadband could knock as much as 20% off the value of a home. Does better broadband mean higher property prices?

How Important Is Internet Access When Buying A Property ?

Too important for you to entrust your biggest asset to NBNCo

You see what you need to know are two things’

  1. How far am I from the node?
  2. How many people are using the same bit of wire and the same node?

The issue with question one is that if you’re anymore than about 200 metres of copper wire from the node you can forget about high speeds.

Oh, and remember, that is how far the wire runs the node could be across the street but you could be on the end of the line.

The second one is because the more people on the line the slower it will be.

how important is internet access when buying a property

Research shows you can lose as much as 20% of your property’s value due to poor internet

Advantage of FTTP Increased Property Value l Optical Terminations

Gone are the days when Internet is used for research or just plain emails. Now, it is a source of entertainment, news, communication, and a medium for work for those who prefer to work at home. Research also suggests that the average home will have over 50 internet-connected devices by 2020.  These will include phones, tablets and computers, but also smart meters and TV’s as well. Advantage of FTTP Increased Property Value l Optical Terminations

At MAcH10  we are responsible for renting your investment property for ten years or more so we do our research beforehand.

In  most cases we insist on Our Community Broadband having a wireless solution in an area we lease property.

 

https://www.whathouse.com/advice/does-better-broadband-mean-higher-house-prices/#1GMYBEyf7oDJ456W.99

http://eprints.lse.ac.uk/43651/1/__libfile_REPOSITORY_Content_Dini,%20P_Costs-and-Benefits-of-Superfast-Broadband.pdf

http://www.cesifo-group.de/DocDL/cesifo1_wp5186.pdf

 

Summary
How important is internet access when buying property?
Article Name
How important is internet access when buying property?
Description
Internet access can make or break your property purchase. Some studies say slow internet can reduce your resale value as much as 20%
Author
Publisher Name
MaxiLife Properties Australia Ltd
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