Update: The protracted PlayStation 5 drought appears to have finally ended. Not only is the console back in stock, but some Australian retailers are selling it below the recommended retail price.
We have also started to see a downward shift in eBay reseller listings. Previously fetching prices north of $1,000, the Blu-ray version of the console can now be snapped up for under $700, brand new.
Handily, eBay automatically shows the lowest price on its PS5 product page, so you don't have to sift through a bunch of listings.
Where to buy the PlayStation 5 online
Here's where you can buy PlayStation 5 products online
After a rocky launch in 2020, the Sony PlayStation 5 has cemented itself as this generation's best games machine. Featuring vastly improved graphics to the PlayStation 4 and brand new controller and a more exclusive games than any other console, it is currently running rings around the competition.
Crucially, it's backwards-compatible with most PlayStation 4 software, which means the majority of your old games will work on the new system.
Here are some online stores where you can buy the console in Australia.
How much does the PlayStation 5 cost? (Updated)
There are 2 versions of the PlayStation 5: the standard edition and an all-digital version that lacks an optical disc drive (otherwise, the specifications are identical.) Here is the recommended retail price of each model, following a price bump in late 2022:
The PlayStaton 5 Standard Edition costs $799.95 (was $749.95)
PlayStaton 5 Digital Edition costs $649.95 (was $599.95)
Fortunately, it's possible to get the console below the RRP if you know where to shop. You can also purchase a range of bundles that include games and/or additional accessories (see below).
PlayStation 5 games are generally more expensive than the PS4 version. Expect to pay around $10 more.
PS5 bundles
Sony now offers consoles bundled with a specific game with unique packaging. At the time of writing, there are 2 main options: FIFA 23 and Horizon: Forbidden West. As you'd expect, these versions of the console cost more due to the inclusion of a full-price game. If you're interested in either title, here are some links to each bundle:
To date, Sony has released 2 different versions of the PlayStation 5: the standard model and an all-digital option that lacks an optical disc drive. The digital version is $150 cheaper but you won't be able to play physical games or Blu-ray/DVD movies. Instead, all media needs to be streamed or downloaded through an Internet connection.
With the exception of the disc slot, the 2 versions are identical beneath the hood. If you rarely use physical media, then the all-digital version might be worth considering to save some money. However, if you like watching Blu-ray movies and don't want to clutter your home entertainment unit with a DVD player, go for the standard edition.
In the second half of 2021, Sony released a revised version of both consoles. The chassis and components are identical with the exception of a smaller heatsink. This results in a physically lighter console at the expense of temperature. It reportedly runs hotter than the original version, although this shouldn't affect the overall reliability. If you're buying a new PS5 now, it will likely be the version with a smaller heatsink.
What about the PlayStation Pro?
There are persistent rumours of a new PlayStation console in the works, dubbed the PS5 Pro. This would be similar to the PlayStation 4 Pro, offering more processing power and enhanced graphics for existing PS5 games. You can expect it to sell for a premium of around $150-$200. (The PS5 will probably receive a price drop around the same time that the new console launches.)
So when can we expect to see it? Reports indicate the PS5 Pro will launch sometime in 2024, possibly as late as November. To fill the gap, a downsized PS5 Slim model with similar internal specs seems likely.
With the rumoured launch being more than a year away, our advice is to buy the existing console and consider upgrading in a few years when the Pro comes down in price.
In addition to the PlayStation Pro, Sony is allegedly working on a modular PS5 with a detachable disc drive. According to a credible report on Insider Gaming, the new-look console is expected to launch in late 2023.
While the hardware will be almost identical, the outer design will look very different. The detachable disc drive will connect to the console via an extra USB-C port located in the back. This will essentially merge the current Digital and Standard models into a single offering, with the disc drive sold as an optional extra. (You'll reportedly be able to buy them bundled together.)
New model announced
In 2922, Sony announced a refreshed version of the PlayStation 5 console. In terms of features and specifications, it is identical to the current model and is also physically indistinguishable. Under the hood however, Sony has made some minor tweaks.
According to a comprehensive hardware teardown, the new model (code named CFI-1200) has a redesigned motherboard with an improved SSD enclosure and a more efficient heatsink.
This translates to better power consumption with a reduced chance of overheating. If you're determined to get your hands on the newer model, purchase a bundle with distinct packaging, such as the Horizon: Forbidden West version. This will ensure you're not receiving old stock from the back of a factory warehouse.
PlayStation Plus
The other cost to consider is a PlayStation Plus membership. This is a subscription service that grants access to multiplayer online gaming and 2 free games per month which are yours to keep for the duration of your membership. It costs $79.95 for an annual subscription, or $11.95 if you elect to pay month by month. PlayStation Plus recently underwent a name change and is now called PlayStation Plus Essential. This is to differentiate it from two new versions of the PlayStation Plus service in Australia.
PlayStation Plus Extra is a premium version of PlayStation Plus. This includes all the same perks as the base service, plus an additional 400 PS4 and PS5 games that you can download and play at no extra charge. A subscription to PlayStation Plus Extra will set you back $134.95 per year or $18.95 on a per-month basis.
Finally, there's PlayStation Plus Deluxe. This is identical to PlayStation Plus Extra but with the addition of a classic library of PlayStation games from the PS3, PS2 and PS1 era. It also includes game trials. It costs $154.95 per year and $21.95 per month, respectively.
Unless you're a serious gamer with an interest in retro titles, PlayStation Plus Deluxe probably isn't worth the extra $3 per month.
PlayStation VR2
Sony launched a virtual-reality headset for the PlayStation 5 in early 2023. The PSVR2 is similar to the original PSVR for the PlayStation 4 with one big difference - it comes with handheld sensor controllers, similar to the Meta Quest 2. (While the PSVR was compatible with Move controllers, these were sold separately and not required for most games.)
The PlayStation VR 2 costs an eye-watering $879.95 in Australia. This is significantly more expensive than the PlayStation VR, although you do get 2 motion controllers included in the package.
You can also get the headset bundles with the game Horizon: Call Of The Mountain Bundle for $959.95. Amazon currently has it for $854.96 - a saving of $104.99.
As an online marketplace selling an almost endless selection of products, Amazon is a go-to for PS5 games and gaming accessories. It also provides access to international sellers, particularly from the US.
Free delivery on eligible items with an Amazon Prime membership
Get up to 80% off NBA 2K23, Dead Space, The Last Of Us, Hogwarts Legacy, Call of Duty: Modern Warfare 2 and more at Amazon. Hurry, while stocks last. T&Cs apply.
Get the PlayStation 5 console bundled with the critically acclaimed video game Horizon: Forbidden West for $1,099.99 at Amazon this Black Friday. Offer available now. (T&Cs apply.)
eBay is a great place to shop for the PS5 as you can easily compare products and prices from various sellers in the 1 place. If the console sells out, you can also buy it from resellers as a last resort.
Free delivery on eligible items with an eBay Plus membership
Target is known for having some of the most competitive prices around for gaming products. It's a good option if you prefer to physically pick up products in-store.
Sony's online store is the official place to buy all things PlayStation 5. It will also stock select first-party games, virtual-reality peripherals and other accessories.
Grab up to 60% discount on select PlayStation 4 controllers, charging docks, headsets, adapters and other accessories at Kogan. Limited time offer. T&Cs apply.
365Games is inviting customers to register their interest in the PlayStation 5. Although based in the UK, the store ships to Australia for a flat shipping fee of £2.99 per item (around AUD$5.)
Like Target, Big W is one of the best options if you want to buy your PS5 console from a physical retail store. It has more than 150 locations around Australia.
Huge range of Nintendo Switch games and accessories are also available
Click and collect available
Shop with Afterpay
Refurbished consoles are available for reduced prices
JB Hi-Fi
Frequent sales, especially around Christmas and other peak periods
Click and collect available
Express delivery and 3-hour rush delivery available
Returns accepted
Harvey Norman
Price match guarantee
1-hour click and collect available
Live chat available 7 days a week
Reserve products online to pick up in-store
OzGameShop
As a leader in entertainment products, OzGameShop provides a huge range of quality tech, gadgets and accessories. Buy the PlayStation 5 accessories and games you need online here.
Free delivery on orders over $50
14-day returns
Sign up to OzGameShop and earn Player Points for shopping
MightyApe
MightyApe is one of Australia's leading ecommerce websites specialising in games, music and movies, with a commitment to providing a wide range of products at low prices.
Flat-rate delivery fee of $4.99
Fast shipping
Over 500,000 products in stock
Dick Smith
Dick Smith stocks all top gaming brands including PlayStation, plus a wide selection of games and accessories. Shop all things PlayStation 5-related online here.
Express delivery available
14-day money-back guarantee
Join the Dick Smith community to receive exclusive offers and deals
Which of these retailers offer free delivery?
Amazon: Free delivery on eligible items with an Amazon Prime membership
eBay: Free delivery on eligible items with an eBay Plus membership
Score huge discount on women's, men's & kids' clothing, homewares, toys, beauty brands, tech and more at Myer. Hurry, limited time only. T&Cs apply.
Buy PS5 frequently asked questions
The PS5 had the misfortune of launching during the COVID-19 pandemic. This caused significant issues with shipping and manufacturing. In addition, a global AMD chip shortage has slowed down production with supply failing to meet demand.
The only difference between the consoles is an Ultra HD Blu-ray disc drive which does not come with the PS5 Digital Edition. This means you can't use the Digital Edition to play physical media including Blu-rays, DVDs or game discs. For our money, the standard version is worth shelling out the extra $150 for.
Apart from the console, the PS5 box includes 1 DualSense wireless controller, a USB Type-C to Type A charging cable, a HDMI cable, a detachable stand/base, a Quick Start guide and a Safety guide.
Following the April 2021 PS5 system software update, it's now possible to and install and play PS5 games from an external SSD. However, you will need a NVMe m.2 Gen 4 PCI-e SSD card to actually play games externally.
In short, ray tracing simulates the way light interacts with objects and surfaces in game worlds. This makes graphical elements such as water, glass, shadows and reflecting light look much more realistic.
In our own testing, the PS5 was noticeably quieter than PS4. Its custom heatsink allows it to run without the fans becoming too noisy.
Chris Jager is the lead shopping editor at Finder, specialising in consumer technology and hunting down the best deals. With over 15 years of experience as a full-time journalist, Chris has provided expertise to many leading technology publications, including PC World, Australian Gamepro, Good Gear Guide, ARN, IT News, PC Authority, CRN, GameSpy, Gizmodo, Business Insider, MSN, Kotaku, Lifehacker Australia, Sydney Morning Herald and The Age.
Before joining Finder, Chris was the editor of Lifehacker Australia for five years. He has a Bachelor of Communications in Journalism from the University of Western Sydney. Outside of Finder, you'll find him playing with retro 80s computers while juggling 3 TikTok-obsessed daughters.
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