What can fibre do for your building?
Connectivity is the new utility
Fibre-to-the-premises (FTTP) is a relatively new in the Australian market but global trends indicate FTTP adds value to MDU’s, global trends are as follows:
During the FTTH Connect 2016 conference, the Fibre to the Home (FTTH) Council Americas released a study finding fibre broadband increases rental and property values in multiple dwelling units (MDUs) by 8 percent and 2.8 percent respectively. Higher rental and sales values mean better bottom lines for MDU owners and operators. Using base financial data from the National Apartment Association, the study estimates fibre can add 11 percent to net income from MDU owners and operators per average apartment unit.
Additional findings from the survey include:
Fast and reliable broadband is now rated the single most important amenity from MDU residents, more important than a pool, 24-hour security monitoring, covered parking, gym access and even cable TV. Fibre access increases resident satisfaction with the property itself, and appears to reduce churn, helping building owners and operators maintain higher levels of occupancy and provide a quality living environment. There is evidence that residents in MDUs with better broadband also spread the word, reducing customer acquisition costs for these MDU properties.
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Vine Networks' Upgrade Process
High Speed Fibre to your building
Vine will create the draft proposal and meet the Committee Representative to ensure all requirements are met and all inclusions have been covered. Once the Committee Representative is happy with the proposal the finalized version is then submitted to the Body Corporate manager. This is then forwarded onto all Committee Members.