NBN fail: Aussies pay highest broadband costs

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Research from the Australian Parliamentary Library reveals that Australia has the least affordable entry-level access to broadband among developed OECD economies, and ranks 67 out of a wider list of 83 countries:

NBN researcher and University of Sydney infrastructure lecturer, Tooran Alizadeh, has described the result as “disappointing, devastating, but not surprising” that Australian are “paying more for less”.

It also comes as half of households in Australia’s three biggest cities have been shafted with inferior NBN connections.

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The sad reality is that the situation facing Australian consumers won’t change until the federal government writes-down the value of the NBN, thus enabling NBN Co to lower wholesale access prices, which can then be passed onto end-users.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.