There are plenty of voices over their who have a point of view on it too
Far from the worry some are mentioning is the fact that any such large spend will expect a payback….and everyone is bandying around 2014’s new catchword “disruptive” as a way of describing something that could be a game changer. Admittedly we here in NZ are more like Australia and the UK in our buyer / seller relationships, and this is quite different than the MLS centric situation the US finds itself in.
The Telegraph in England has published an engaging topic, via data from Rightmove, arguably the UKs biggest Property portal.
In the article, they contend that by not having fast/ultra fast broadband, then homeowners could potentially suffer up to a 20% reduction in their assets value.
They, Rightmove UK, base this on…
“research it (they) conducted among among 3,000 people found that broadband details were ranked as a more important feature when searching for property than information on transport links and nearby schools.”
Makes for interesting reading, and even more so amongst the amount of #gigatown vibe out there in NZ at present.
The “fuel guage” they use above is quite compelling too. What data should always be….easy to read and understand.
REINZ released the sales figures for homes sold in July 2013 in NZ today, and at the same time, obviously that included Nelson City.
They say the local median is NZD$345,500 and by my calc’s I reckon $345,000, but hey….what’s $500 between friends?
The chart tells you whats happening…and I can tell you from an “on the ground perspective” ….. all of a sudden, it seems to have got “real busy.” But that won’t matter if you aren’t in the market anyway. So if you are …just call.