Ridiculous: SpinTel’s NBN 500 plan gets a last-minute price cut to just AU$64p/m

Well, we certainly didn’t see this one coming! Just days out from the official launch of major NBN speed upgrades, SpinTel has thrown down the gauntlet and set a new benchmark for its competitors by slashing the price of its NBN 500 plan by a further AU$10p/m for the first six months.

The telco’s 500Mbps NBN plan was already very affordable at AU$74p/m, but now it’s dropped to an insanely low AU$64p/m for the first half-year, it’s unrivalled value. When you consider this introductory cost is lower than many of the best NBN 25 plans that are 20x slower, upgrading to SpinTel’s offering is a no-brainer.

SpinTel Home Turbo | 500Mbps TES | AU$64p/m (first 6 months, then AU$86.95p/m)

Claiming to reach the maximum 500Mbps speeds during the busier evening hours, SpinTel’s NBN 500 plan should now be at the top of your wishlist following this huge price cut. Admittedly, the ongoing cost has increased a couple of dollars since this plan was introduced back in July, but this is still sensational value for a super speedy internet plan.

• AU$64 minimum cost
• AU$905.70 first year cost
• AU$1,043.40 ongoing yearly cost

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SpinTel’s NBN 500 plan was one of the first to go live; it’s been available since July alongside an early 750Mbps option. The telco is one of only three providers to have jumped the gun ahead of NBN Co’s planned 14 September official launch date for its plan upgrades – the other two being Exetel and Tangerine.

All three options are priced competitively, and all are more affordable than the 100Mbps plans they’re effectively replacing. If it’s the cheapest first-year cost that’s most important to you though – perhaps you want to try the service for an extended period of time to see if it’s for you – then SpinTel is the clear choice, coming in at just AU$905.70 for the first 12 months. For greater context, that’s nearly AU$100 less than the full-year average for an NBN 50 plan.

If you want to sign up for SpinTel’s 500Mbps plan, you’ll need to make sure you’re connected to the fixed-line NBN network via either fibre to the premises (FTTP) or hybrid fibre coax (HFC). If you’re on either of these technologies, getting connected should be a seamless process. Don’t have FTTP or HFC? Not to worry – you’ll likely live in a suburb that’s eligible for the free fibre upgrade. You can make your order via SpinTel’s site, and the telco will sort the upgrade process for you, which usually involves a technician attending your premises to install the new fibre cabling.

Of course, it’s still early days for NBN 500 plans, so if you’re prepared to wait until this coming weekend – or early next week – we should have pricing from a wider selection of providers for comparison. We can’t imagine many, if any, will be able to undercut SpinTel’s new introductory rate…

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