The National Broadband Network, coming to a street near you

Yahoo7 Moneyhound Updated February 20, 2012, 11:21 pm

Australia may lag in broadband standards but with the NBN rollout in full swing, our digital future looks bright. But will it save us money?

After what seems like endless discussion and headlines, the National Broadband Network (NBN) is finally rolling out across the country, and will keep doing so over the next seven years.

Announced as an election promise in 2007 by then-Prime Minister Kevin Rudd, the NBN is a nationwide, high-speed broadband service that’s estimated to reach 93 per cent of Australian homes by 2020 using the latest in fibre optic, satellite and wireless technology (the remaining 7 per cent of homes will be covered by satellite and wireless connections).

According to Communications Minister Stephen Conroy, the NBN will deliver speeds of up to 1 gigabit per second, 10 times faster than initial projections of 100Mbps.

But the big question on everyone’s lips is: How much will access to this new super-duper internet cost?

Australian home internet costs are already some of the most expensive in the world and the largely taxpayer-funded NBN won’t come for free. How much you will pay will depend on who you choose as your internet provider.

More from Moneyhound: Hang up on your landline and save

Chances are, your current telco will offer a variety of NBN plans and bundles, but your best bet will be to use a price comparison website to get the best deal.

Exetel, Internode, iiNet and iPrimus have all released NBN plans that are between 24 and 43 per cent less expensive per gigabyte than current ADSL2+ and phone-line rental plans.

Some entry-level NBN services start from less than $40 per month, but be aware there may be data limits, and connection and equipment fees.

So what is the point of the $43 billion dollar world-class telecommunications network?

In its initial pitch to tax-payers, Mr Conroy stated the NBN would save Australians $2.4 billion per year in time saving activities “if the number of households connected to the internet increased by 10 percentage points.” Those savings are expected to come in many forms including new opportunities in healthcare, education and aged care services.

For business, Senator Conroy predicts a dramatic surge in productivity through new online business opportunities and smarter, faster and less expensive operating procedures.

Opportunities for telecommuting and working from home are also predicted to increase and job seekers too would have greater opportunities to find employment. For consumers, more competitive online shopping will mean more savings.

More from Moneyhound: Slash your broadband bill in 3 simple steps

Aside from the money saving implications, however, the faster connection also has lifestyle benefits. Users will be able download movies in minutes rather than hours and multiple activities can occur in the one home at the same time with no reduced speed.

For example: someone can watch HD internet TV while a large file downloads within seconds on the computer at the same time as movie streams on to a games console.

Forget the money you’ll save, think of the arguments it will stop!

To find out if your area is next in line for the NBN go to

To compare broadband service providers and prices in your area perform a quick broadband search on


More from Moneyhound:
How to raise financially independent kids
Stock take your monthly bills and save thousands
Protecting your cash in a cashless world

Moneyhound Product Picks this Month:



Get the latest deals that could save you money on your monthly bills

Trending topics

Help me find a broadband plan

  • Select broadband type

  • Select cost preferences

  • Select data preferences

Compare 134 home broadband and 82 mobile broadband plans from popular Australian suppliers

Broadband Latest News

Compare more products and services

Disclaimer: Yahoo7 has partnered with RateCity and WhistleOut for the provision of pricing information for financial, telecoms products. Yahoo7 has partnered with Lifebroker to provide information regarding life risk products and with RateCity to provide information on general insurance products. Yahoo7 has no direct affiliation with any finance, telecom or energy institutions listed here to promote this content. The content of this website has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should not acquire any financial products before taking into account whether your selected products are appropriate to your personal circumstances, having regard to your own objectives, financial situation and needs. Whilst reasonable efforts are maintained to provide accurate, true and correct information, it is advised that you confirm the terms of any product or contract and consult the product disclosure statement before making a decision to apply to any product issuer.

Whilst Yahoo7 Moneyhound attempts to provide information regarding as many products in the market as is possible, not all available products are compared on this site.The comparison rates for home loans are based on secured credit of $150,000 and a term of 25 years. The comparison rates for car and personal loans are based on credit of $10,000 and a term of 3 years. WARNING: The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Read more on our disclaimers here.

Yahoo7 Money Hound Pty Ltd | ACN: 151 232 450 | ABN: 20 151 232 450
AFSL: 407341 | ACL: 407723 | COSL: M0011954
Financial Services Guide