“speed is only of value to you in so far as you have applications that need it”.Only that's not nearly the whole truth, in fact it shows classic Turnbull "upside-down thinking":
Applications don't require speed, people do. When people are allowed to place a dollar value on their time by selecting higher access rates, the vote with their wallet.The real data is in from a statistically valid (50,000 of 12M) fibre connected households. Take-up rates are running well ahead of forecasts and 31%, not the 18% forecast, have signed up for the current maximum rate.
Part of this must be nearly half ISP connections are "Business or Government" according to the ABS (Dec 2012), up from 28% in Dec 2009.
When people can put a value on their time, they trade more expensive higher speeds against wages.
Even at $2/minute, Fibre's higher access rates provides exceptional returns.
"Who needs Gigabit?" Anyone who values their time at more than nothing!
I've created a spreadsheet showing the break-even points for higher speeds (250, 500, 1000 Mbps) compared to 100/40. In 2040, if you only do uploads, then at current average wages + on-costs ($120/hr) 16G/month is the break-even. 41GB for all downloads. At that time, this will be in the lowest quartile of data consumption.
The Path to 1 Gigabit
Nobody Needs more than 1Mbps!