Australians are wildly overpaying for their broadband services, with some customers shelling out $1,000 a year extra for the same connection speed.
This is according to new research from Mozo, who compared 79 broadband providers around the country.
The below price comparison chart found a $1,074 price difference over a twelve month period between the most expensive to the least expensive Standard (NBN25) broadband plan.
The difference between two 5G home broadband plans was $490.
It was the smaller players in the market that offer the most competitive bang for buck; the likes of Flip, Tangerine Telecom, Spintel, MyOwnTel, and Leaptel.
“While you might not have heard of some of these smaller broadband providers, it really does pay to look past the well-known names and seek out those offering potential savings,” said Kylie Moss, Mozo spokesperson.
“It is outrageous that some people could be paying three times as much for the same service.
“We urge Aussies to drop the set and forget mentality and hunt down a better deal that will suit your home internet needs as well as your budget.
Internet pricing will be front-of-mind for many Australians, as NBN announced its indicative wholesale Pricing Roadmap for 2024-2026 will see prices rise by almost eight per cent over two years.
“Australians are getting slugged with rising costs from every angle and our analysis just highlights how it really pays off if you take a bit of time to compare your household services and shop around,” Moss continues.
“Don’t think that the best way to reduce your broadband cost is to reduce the speed of your broadband – we found that customers on slower speed plans have the most to benefit from shopping around.
“Not only is there a massive 65 percent difference between the most expensive and cheapest NBN 25 plan, but some of the newer technology options like 5G Broadband and high speed plans are more competitively priced overall.”