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In New Zealand, real estate agents say an expensive house can have a "Blue Chip Address". What is that?


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In New Zealand, real estate agents say an expensive house can have a "Blue Chip Address". What is that?

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A blue chip stock is the stock of a well-established company having stable earnings and no extensive liabilities. - A Blue Chip address is used in the same way.... it means it is sited in a area which has a perceived high value.
Others
Hi
it means a very good address
means higher class suburb - no drongos!
It's a meaningless term dreamed up by the Estate Agents to con you into thinking that this property is a cut above that one, and therefore they can justify bumping up the price to what they expect you to pay, not necessarily what the place is worth
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