It's time to stock up on bling.
You probably already know that Boxing Day is one of the biggest shopping days in Australia and this year it's expected to be even bigger. This means more sales, more competition and better discounts. Boxing Day is definitely the time to buy.
So why is Boxing Day such a massive shopping event? Well, since most retailers buy a whole load of extra stock for Christmas, sometimes there is quite a bit left over that they have to get rid of before the new year.
This means that most retailers have a sale on Boxing Day, and when everyone has a sale there is a lot of competition driving prices down. So Boxing Day is the shopping day that dreams are made of for consumers.
To give you an idea of exactly how many great sales and discounts there are, Aussies spent over $2 billion on Boxing Day in 2014. For the Boxing Day sales period, which runs from 26 December to 15 January, everyone over the age of 14 spent $850 on average – an absolutely enormous figure given the median full-time weekly salary is roughly $883 after tax*.