I highly doubt that. As a German who lived in Asia and now Australia, this is the most incompetent country. They can't get anything right. I live in the city of Sydney and can only get 1 Gbps down and 200 mbps up for 109 AUD a month. I lived in 2017 in Singapore and the internet was already better than that for 1/3 of the price.
Australia seems to be pretty backwards in general though.
You can upgrade that to 2Gbps if you pay the network upgrade fee (basically you pay for the NTD and house-side wiring), after that it costs around AUD 150 per month, which is kind of reasonable…
Australia seems to be pretty backwards in general though.