Just when we thought NBN prices were coming down after months of changes, NBN Co has thought otherwise. The company has recently announced its new wholesale price structure for FY25, which will see prices increase on most NBN speed tiers from 1 July 2024.
The new structure lays the foundations for the costs that internet service providers (ISPs) will pay for NBN plans. The changes bring price increases for speed tiers ranging from 25 Mbps (Basic II) to 1,000 Mbps (Ultrafast), with plans increasing by around AU$2 to AU$3. Despite no confirmation from ISPs or NBN Co, we can safely assume that these additional costs will be passed on to customers.
After the last wholesale changes in December 2023, which aimed to reduce the costs of NBN plans above 100Mbps to encourage customers to jump to faster speeds, this new pricing structure comes as no surprise. NBN Co previously reported that the changes were coming, but gave no details of their impact on providers and, inevitably, consumers.
While these price changes are annoying, fortunately, they’re only a few extra dollars in the long run. Currently, no providers have announced any planned changes yet, but come July, we’ll see increases across the board. Based on previous wholesale changes, we anticipate that most plans will increase by an average of AU$5; however, individual providers may adjust prices according to their needs. As always, we’ll keep our NBN guides updated when the time comes.
The biggest influences on popular plans
According to ACCC data, the most popular NBN speed tier in Australia is NBN 50, with 4.45 million active services as of December 2023. Following last year’s changes which saw price increases at the cheaper end of the spectrum – e.g. sh. NBN 25 and NBN 50 plans – and Higher tier plans drop – e.g. 100 NBN and above – some residences around the country are likely to feel a spike.
In our research, we’ve seen some fluctuations in the NBN 50 tier and recorded an increase of AU$3.60 in the past nine months, while NBN 25 plans have increased by 41 cents in that time.
NBN Co chief customer officer Anna Perrin noted these increases could be a concern for customers, particularly given cost of living pressures. “In response, the NBN wholesale price adjustments will help ensure we can continue to invest in the network to improve its speed, capacity and reliability for the benefit of all Australians,” Perrin said in a statement. .
Although the new changes will be relatively small, every dollar counts when choosing a cheap NBN plan. Here at Tom’s Guide, we know how important it is to find the best NBN deal that gives you great value for your hard-earned money. To get ahead of the curve and lock in well before the inevitable price hike, we’ve rounded up some of the cheapest NBN plans, especially for those looking for a lower speed tier.
NBN 25
NBN 50
NBN 100
If you want to try some faster plans from the most popular providers, check out the deals in the widget below:
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