A Deloitte Access Economics analysis for the government says the average household would get AU$3,800 in benefits each year by 2020 through using the NBN.
It quantifies the savings, in 2013 dollars, for communications, e-commerce, online entertainment services, travel savings, employment by teleworkers and productivity.
"Added together, these estimates suggest very significant household benefits from broadband," the report, posted on the broadband department website, states.
But it notes that the estimates don't take into account the costs of broadband or equipment like modems and computers.
It cautions that the report is not a cost-benefit analysis of high-speed broadband.
"Many of the benefits will emerge gradually, as consumers find price discounts and variety online, as more employees are allowed to telework, and as people get more accustomed to accessing services online," the report states.
"There will be a lot of change from the broadband revolution, and there will be a gradual transition this decade."
Labor intends to highlight the report on Wednesday, saying that it shows the NBN will not only transform the Australian economy and improve national competitiveness, but also directly benefit every family.
Opposition communications spokesperson Malcolm Turnbull yesterday accused the government of running a scare campaign on broadband's possibility to affect property prices.
"I think Anthony Albanese is just getting a bit desperate," he said.
"He's trying to run a property price scare on Tuesday, I would say by Friday, you can mark your cards for this, he'll be saying that the Coalition's NBN if implemented will make your teeth fall out and your hair turn white and other dreadful physical manifestations to appear."