In the latest NBN Progress Report, the revelation of over 30,000 users opting out signifies a notable downturn, casting a spotlight on the economic challenges consumers face in securing access to this crucial internet service. The fourth quarter of 2023 witnessed over half of users terminating their subscriptions to the National Broadband Network, a trend triggered by the Australian Consumer and Competition Commission’s (ACCC) approval of the government’s NBN price hike. As a consequence, customers brace themselves for yet another potential increase slated for July 2024.
Aussie Broadband, a key retail provider, led the charge by announcing a tariff hike, thrusting the lowest-tier package into a monthly fee increase of 6 Australian dollars—surpassing the 10% threshold. This translates to households, particularly those facing financial hardship, needing to allocate an additional 72 Australian dollars annually for their internet services. Other major providers, such as Telstra, also implemented a $5/month increase for their lower-speed tier NBN plans, while Exetel adopted a more moderate increase of $4.00/month, falling below the surge rate of the NBN wholesale price.
Despite a significant exodus from existing residential customers, the overall number of NBN users saw a net increase of over 40,000 households. This surge was fueled by the addition of new residential constructions and projects, numbering more than 90,000.
Weighing Options Amid Price Surge
The Current Deal of NBN50