High-speed broadband to deliver significant benefits for Australian householdsDOWNLOAD
4 September 2013: A Deloitte Access Economics report, Benefits of High-speed broadband for Australian households, commissioned by the Federal Department of Broadband, Communications and the Digital Economy, shows that high-speed broadband will transform the Australian economy and society in coming years, and deliver significant benefits to most households.
On average, Australian households will see benefits worth approximately $3800 (in current dollars) in 2020:
The report is about the benefits of high speed broadband and looks over the horizon to 2020, when Australia will have a fully digital economy. It is not a cost benefit analysis, nor a comparison between different NBN policies or of the alternative ways in which broadband services can be delivered. The analysis does not include the costs of constructing and operating broadband networks.
Deloitte Access Economics Partner Dr Ric Simes said: “The report highlights the benefits of high speed broadband to the economy. As Australia continues to experience rapid changes from new digital technologies, high-speed broadband, provided via fibre, fixed wireless and satellite, will emerge as a major game changer in terms of communication, work and lifestyles.”
The average benefits for households in 2020 are estimated to be
The report recognises that estimating the benefits of broadband in 2020 is an exercise with an unusual level of uncertainty. The analysis focuses on some of the benefits.
Dr Simes said: “The benefits will be varied and significant, and range from improved communications and greater choice through e-commerce, to greater employment opportunities and savings in both time and money. The quality and price of goods and services will improve as the digital economy provides businesses with new productivity-boosting applications.”
The report looks at 10 household scenarios across urban, regional and remote geographies developed by the Department in order to demonstrate the many potential financial and time saving benefits of broadband.
Impacts vary between household scenarios – for some there are significant financial benefits, but only modest time saving benefits, while in other situations, households may spend more money, but this is more than compensated by other benefits.
“The report finds evidence that the scenarios with greater impacts are where households face more challenging circumstances, such as needing to find work, undertake further education or relocate,” said Dr Simes.
“Geographically, broadband will open up opportunities for people in regional areas to better participate in the digital economy.”
The report analyses six areas of potential benefit, including communications, e-commerce, online services, employment, quality/price changes and travel savings.
It also examines other dimensions of high-speed broadband impacts, such as the take-up of broadband services, the transition costs of the digital economy, technology issues, and broader social and environmental impacts.
Summary of report scenarios
Summary of benefits
|Scenario||Financial Saving ($)||Other impacts ($)||Time saved (hrs/year)|
|4. Lilly and Diane||9,673||n/a||146|
|5. Lee Lin and Matthew||7,458||3,367||204|
|7. Marge and John||2,237||n/a||-33|
|8. Tom and Dorothy||23,154||6,392||275|
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