I have heard that the issue is Foxtel has the rights for a lot of shows that Netflix airs overseas.
So until Foxtels rights to air the Netflix shows in Australia (Orange is the New Black, House of Cards etc) end, the Australian Netflix will have a lack of content due to existing contractual agreements between Foxtel and certain shows/studios and such.
I have neither for now, and am considering Foxtel since the sports package is now a more affordable $50 a month.
Will see how 2015 plays out, as I think Netflix launching may shake up Foxtel prices further and create some competition where the winner will always be I, the consumer.