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Vision For Australia
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>>The fact is many Australians have a desire to have a high speed train network.<<
Trouble is, they won't want to pay for it.
>>My point is this; that we don't want to build the slowest high speed rail network in the world by using dated technology of wheel on rail.<<
But that's not really the point, is it. It isn't a matter of technology, it is a matter of utility and value.
Maglev could well be a perfectly satisfactory way to go in comparison to wheel-on-rail, sometime in the future (unless of course it too is superseded).
But the cost to build is fundamentally similar, even allowing that the figures are presented for a largely unproven process. The longest operational maglev system is presently... how long? And the distance between Sydney and Melbourne is...?
So, once in place, will it be competitive with other modes of transport, which will also have progressed in the meantime? Quite possibly. But that still leaves the question whether either mode is actually viable at all, in a country with a mere 23 million inhabitants.
In the past year, my own inter-city travel has halved, thanks to one simple piece of technology, the video conference. My guess is that the financial equation "can I really justify the need to travel" will be the measuring point of the success of any such project, rather than the somewhat wishy-washy "many Australians have a desire".