The end of financial year (EOFY) sales are fast approaching – so it’s time to start shopping around for some awesome bargains!
While the official end of financial year date is June 30, the EOFY sales season typically begins a few weeks before that, as retailers slash prices in a bid to fast sell last season’s stock and make way for shiny new stuff. The 2020-2021 financial year begins on July 1.
Appliances, phones, TVs, tech gadgets, homewares and apparel are just some of the most popular items generally up for grabs at bargain prices around this time of year. Car dealerships also tend to have the best sales on new and used vehicles at this time of year.
Whether you’re looking to buy a new TV, washing machine, or an SUV, the EOFY sales time might be a good time to splash some cash and save a packet. But it’s important not to rush into any impulse buys, according to Canstar Blue’s Editor in Chief, Simon Downes.
“It’s only a good deal if you genuinely need the item,” he said. “It’s easy to get caught up in all the flashy signs and advertisements – but it’s no good if you’re simply spending money on things you didn’t intend to buy in the first place.
“To keep your bank account in check, look at multiple websites, explore what each retailer has to offer, and don’t settle for anything less than an absolute bargain! And importantly, treat all those 50% or more off signs with a pinch of salt. Instinctively, you’ll know if you’re really getting a great deal or not. If you’re not sure, do some online research and see how much that particular item normally sells for.”
Compare the best-rated brands
Getting a good price is one thing, but be sure to do your research before making any big purchase decisions. Our customer ratings are a great starting point to find out which brands are the best-rated:
Who has EOFY sales?
There are plenty of retailers ready to slash their prices this end of financial year. Here’s a list of retailers and brands that typically cut prices at this time of year:
- Amart Furniture
- Bing Lee
- David Jones
- Dick Smith
- JB Hi-Fi
- The Good Guys
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