Media Release

Aussies to spend $5 billion during EOFY shopping storm

        • Shoppers to fork out $337 each
        • Clothing tops the list of popular sale items
        • How to shop like a pro

24 June, 2019, Sydney, Australia – Aussies are tipped to spend big bucks during the EOFY sale period shows new research by Finder, Australia's most visited comparison site.

A Finder survey of 1,013 people revealed that 76% of Aussies will ring in the new financial year by splashing out on discounted items.

Those planning to shop will spend $337 each, taking the nation's combined spend to $5 billion in June alone.

Bessie Hassan, money expert at Finder, said consumers should take the time to compare their options if they want to get the most bang for their buck.

"End of financial year sales are starting earlier every year to encourage spending. Shoppers who rush out and buy the first bargain they see may be missing out on a better deal elsewhere,

"Compare prices across different retailers before you hand over your credit card. Discounts vary between different stores and you want to find the one that's offering the cheapest price.

"Don't be scared to ask for a discount in-store either. If you're shopping for whitegoods, electronics or furniture, merchants will often agree to a lower price to clear stock before July rolls around," she said.

Of those planning to fork out, three in five (59%) will be adding to their wardrobe, with clothes the most popular purchase this EOFY.

Shoppers will also be hunting for deals on homeware, kitchen and manchester (9%), electronics (8%) and holiday packages (7%).

"Make sure you familiarise yourself with any return policies if you'll be buying online. Refunds are sometimes voided on sale items, especially for clothing,

"While the end of financial year trading period is the perfect time to nab a bargain, be mindful of buying simply because an item is on sale. At the end of the day, you're still spending money, not saving it," Hassan said.

What do you plan to buy in the EOFY sales?
Clothing & shoes59%
Homewares & manchester9%
Electronics8%
Travel7%
Furniture4%
White goods4%
Car4%
Toys4%

How to shop like a pro

  • Stick to your budget. Review your finances and work out how much you can afford to spend. It's a good idea to cut out smaller luxuries and regularly top up your savings account in the lead up to the sales.
  • Use your gift cards. Sales are the perfect time to get rid of those unused gift cards and vouchers while maximising the value of your spend.
  • Try before you buy. If you know a sale is coming up, head in-store to inspect the items or garments on your wish list first. That way when you buy them online at a discount, you'll know exactly what you're getting.

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For further information

Disclaimer

The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on finder.com.au's review pages for the current correct values.

About us

Every month 2.2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare virtually everything from credit cards, phone plans, health insurance, travel deals and much more.

Our free service is 100% independently-owned by two Australians: Fred Schebesta and Frank Restuccia. Since launching in 2006, Finder has helped Aussies find what they need from 1,800+ brands across 100+ categories.

We continue to expand and launch around the globe, and now operate in the United States and the United Kingdom. For further information visit www.finder.com.au.

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