Yes, Its true all Australians will be experiencing slow speeds until an estimated time of mid-october.
Internet users have been warned to expect a “serious slowdown", as a number of undersea cables connecting Australia’s internet connection from Sydney to Hong Kong was damaged due to two typhoons. The main damage has occured 54 kilometres off the coast of Hong Kong. Internet service providers iiNet and Internode claim they have redirected the current connection via the US.
The redirection is likely to cause slower page loading times and latency and pack loss problems.
Here’s to hoping we be effected too much.