Don't underestimate how ultra-fast telco can help you sell out your next development!
Fiber telecom and Wi-Fi have become essential infrastructure for housing in the modern age. The demand for high-speed internet and reliable connectivity has grown significantly in recent years, and it has become a significant factor in home buying decisions. In this blog, we will explore the importance of fiber telecom and Wi-Fi in housing in Australia, and how buyer demand is driving the need for these technologies.
Demographics and Housing Types
Firstly, let us break down the importance of fibre telecom and Wi-Fi in housing by demographics and housing types. The demand for high-speed internet and reliable connectivity is highest among younger generations, particularly millennials and Gen Z. According to a 2019 report by the Australian Communications and Media Authority (ACMA), 97% of Australians aged 18-34 use the internet every day, with 73% using it for at least five hours per day.
When it comes to housing types, the demand for fibre telecom and Wi-Fi is higher in apartments and multi-dwelling units (MDUs) than standalone houses. This is because apartments and MDUs often have shared spaces and infrastructure, and a reliable internet connection is essential for residents to work, study, and socialize.
Importance of Fiber Telecom and Wi-Fi in Housing
Now, let us dive deeper into why fibre telecom and Wi-Fi are essential in housing.
The COVID-19 pandemic has led to an increase in remote work, and reliable internet connectivity is crucial for people to work from home. A 2020 survey by the Australian Bureau of Statistics (ABS) found that 46% of employed Australians worked from home at some point during the pandemic. This trend is likely to continue, and a reliable internet connection has become a non-negotiable requirement for many people when choosing a home.
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With more students studying online, a reliable internet connection has become an essential requirement for education. According to a report by the National Broadband Network (NBN) in 2020, 64% of Australian households with school-aged children reported that their internet connection was essential for remote learning.
With the rise of video streaming services like Netflix and Disney+, a reliable internet connection is essential for entertainment. According to a 2020 report by the ACMA, 84% of Australians use the internet for streaming video content, and this number is likely to grow in the coming years.
Smart home technology has become increasingly popular, and a reliable internet connection is essential for these devices to function. According to a 2021 report by the NBN, 26% of Australians own a smart speaker, and this number is likely to grow in the coming years.
Finally, fibre telecom and Wi-Fi have become a significant factor in property value. According to a 2020 report by the NBN, 75% of Australians would pay more for a property with a reliable internet connection, and 58% would avoid a property without one.
Conclusion
In conclusion, the importance of fibre telecom and Wi-Fi in housing has become increasingly apparent in recent years. As the demand for high-speed internet and reliable connectivity grows, so too does the need for these technologies in homes. While younger generations and those in apartments and MDUs have the highest demand, the benefits of fibre telecom and Wi-Fi are universal, from working and education to entertainment and property value. As such, fibre telecom and Wi-Fi have become essential infrastructure for modern homes in Australia.