EOFY Bargains: Where to bag $400 off a Whirlpool Washing Machine

PLUS…branded vacuums for less than $200 and more than $400 off washing machines!

Retail experts say now is the time to grab a bargain with massive discounts on offer in the end of year financial sales. After weak trading figures many stores are having to slash prices to get rid of excess stock.

They come around every June. But this year — more than ever before — retailers need these End Of Financial Year (EOFY) sales to be a success.

“We’ve certainly seen a couple of years of subdued consumer confidence because of the cost of living so this year we’re really seeing retailers and other businesses pulling out all stops to slash prices and get you spending” Dr Gary Mortimer from QUT Business School said.

There is stock to clear and bargains to be had, and one area that people will be looking to make the most of savings is buying a car. More than 130,000 Australians are expected to buy a new car this month — and Ian Mayer from Toyota Chatswood explained why the bargains are so good in June.

“There’s always manufacturers saying ‘okay, we’re halfway through the year where are we against target?’. And you know if they’re a little bit behind, off they go, they want to sell as many cars as they can,” Ian Mayer from Toyota Chatswood said.

And retailers are hoping discounts of up to 40% off can lure customers through the doors.

“End Of Financial Year, where we’re trying to move stuff out before June 30, seems to be the time people come in and go crazy for it,” Anthony Mills from Good Guys said.

The best deals from those who talked to Nine News included:

Last month’s retail figures saw a slight rise in sales – but the increase was mainly for cafes and restaurants. Other sectors like homewares, fashion retailers and electronics are still struggling. Big retailers such as Harvey Norman are happy to admit that they will reduce prices further if stock doesn’t shift.

‘If we don’t start selling the stock better than we are right now we will cut the price even more I guarantee you, “Gerry Harvey from Harvey Norman said.

Meaning even more bargains could be on the way….

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