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Internet access 'most important...

Internet access 'most important factor' when choosing new property

When people are choosing a new home in Sydney, the most important factor they think about is internet access. 

This is according to the findings of the Domain Liveable Sydney 2016 calculator, which said a good phone signal and broadband service are more important to Sydneysiders than the beach, harbour views or local cafes. 

Indeed, this particular concern crossed cost boundaries, with nothing being more important than connectivity whether the property is worth $800,000 or $3 million. 

Desire to be in an area with a low crime rate and high tree cover was almost universally shared, although ferry access and topography were found to be of little concern. 

Some different priorities did emerge with regard to how much cash people had to spend. Individuals seeking cheaper homes were also interested in access to train lines, while cafes and restaurants, parks, shops and good views were not high on the list of priorities. 

Georgia Sedgmen, senior town planner for planning and design practice Tract Consultants, said this is because lower-priced buyers would likely be further away from the city. 

"It's also intriguing to see... that the lowest price point [buyers] found it more important to be near a job and a train," she remarked. 

"On the other end of the scale, you start to move away from being directly connected to public transport, perhaps because you have a private vehicle."

However, those attracted to the higher priced bracket preferred to be more removed from the bustle of shops and restaurants. 

For instance, an area like Vaucluse is not within comfortable walking distance of attractions, but boasts some of the most expensive real estate in Sydney and was ranked as the 105th most liveable area.

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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