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NBN price boom: ACCC reveals how much extra you’re paying for internet

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The ACCC's latest report shows NBN prices have increased by up to 9% in 2021–2022 compared to the previous year. However, there are still ways to save money.

The Australian Competition and Consumer Commission's (ACCC) communications market report has some key information for NBN users that's worth keeping in mind when you're comparing internet plans:

  • Prices for entry-level NBN plans have increased by 3.6% or $2.50 more per month.
  • Prices for mid-range plans have risen by 4.7% or $4 more per month.
  • Users on very-high-speed plans are paying an extra 9% or $9 more per month.
  • NBN plans have become more expensive, but the service remains the same
  • 62% of Aussies are on the NBN 50 speed tier.
  • Fewer people are signing up to entry-level NBN 12 plans and very-high-speed plans (over 100Mbps).
  • Smaller providers are continuing to gain more customers so you're not limited to telco giants that tend to charge more.

According to Finder's own database, there's about a $15 per month difference between the speed tiers. This is why it's important to choose a plan based on your internet needs.

It's possible you could be paying more than you should.

So, how do you start saving money on NBN plans?

You could start off by comparing and switching plans every 6–12 months as plenty of providers offer sign-up discounts that last 6 months.

Given no lock-in contracts and BYO modems are becoming the norm, it's easier than ever to make a switch.

Here's a round-up of some of the top unlimited data NBN 50 and NBN 100 plans on Finder with fast speeds. These are the most popular speed tiers as they're well-suited to households with 2 or more people.

  • Keep in mind. We've given typical evening speeds for each plan in brackets. This is the speed you can expect during the peak hours of the day (7pm–11pm).

NBN 50

  • Dodo NBN50 (50Mbps). $53.95 per month for the first 6 months, then $75 per month after (offer only available via Finder).
  • flip NBN Family (50Mbps).$54 per month for the first 6 months, then $64.90 per month after.
  • Tangerine NBN XL Boost (50Mbps). $54.90 per month for the first 6 months, then $69.90 after.

NBN 100

  • Exetel NBN Family (100Mbps). $69.95 per month for the first 6 months, then $84.95 per month after.
  • Dodo NBN100 Unlimited (100Mbps). $75 per month for the first 12 months, then $85 per month after.
  • Superloop NBN Home Fast (95Mbps). $74.95 per month for the first 6 months, then $84.95 per month after.

Compare more NBN plans

You might also be paying too much for your mobile plan

The ACCC's report also found that data allowances on mobile plans have increased in 2021–2022 compared to the previous year.

However, it found that a lot of the extra data remains unused. From a median allowance of 35GB per month, users were found to only use an average of 10GB a month.

"Consumers can potentially save money by shopping around for cheaper plans with just the inclusions that they need," ACCC commissioner Anna Brakey said.

If that sounds like you, it might be time to start comparing mobile plans to find a cheaper plan based on how much data you use.

Start off 2023 right by comparing your mobile, internet and energy plans in search of more savings.

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