We can hardly believe it, but June is just weeks away. Well, a few weeks, but we all know time flies and that means one of the biggest events on the shopping calendar is drawing near – the end of financial year (EOFY) sales.
The EOFY sales will be one of your best opportunities all year to bag incredible bargains on tech that's usually a hefty investment, like laptops, TVs, cameras, game consoles and so much more. Better yet, if you use any of these items as part of your job, they become tax deductible, adding to your total savings eventually.
There's still time for the EOFY sales to kick off, but we'd suggest using this time to figure out what exactly you need so, when the discounts come pouring in at the start of June, you'll be prepared with not just your shopping list, but also knowing exactly how much you're willing to spend on something.
Before EOFY sales and deals start, though, there'll be another opportunity to save on some tech. The Click Frenzy Mayhem sale is scheduled for May 14-17 this year, and we usually see some pretty impressive offers on tech and electronics during this sale too.
If your eye is firmly set on EOFY 2024, though, then keep reading to find out everything you need to know to maximise your savings in June.
EOFY sales 2024: quick retailer links
- Amazon: massive deals on tech, toys, appliances and more
- Appliance Central: deals on TVs and home appliances
- Appliances Online: small and large appliances on sale
- Bitdefender: savings on annual subscriptions for antivirus solutions
- Booktopia: discounts on ereaders and ebooks
- Bose: deals on Bose headphones and speakers
- Dyson: save on cordless vacuums, air purifiers and hair tools
- eBay: discounts on gaming, tech, TVs and more
- Ecoflow: savings on portable power stations, air-cons and solar panels
- HP: save up to 50% on selected HP products
- Lenovo: big discounts on selected laptops, desktops and more
- Microsoft: deals on Surface devices and bundles
- Mwave: score discounted PCs, monitors, mice, gaming headsets and more
- Samsung: save on phones, headphones, TVs, monitors and more
- The Good Guys: save on TVs, laptops and home appliances
EOFY sales 2024: key information
When are EOFY sales 2024?
Australia’s end of financial year is June 30, and the EOFY sales typically start a few weeks before that date, around June 1. In recent years, several major retailers have started offering their EOFY sales even earlier, with a few tempting discounts to lure shoppers in towards the end of May. The best EOFY deals will arrive in June though, and don’t expect to see all retailers coming out with month-long sales.
However, some retailer’s EOFY sales will run for an entire month, and that’s what makes EOFY deals different from most other sale periods. They can carry on for a much longer time period (the entirety of June), while other events like Click Frenzy only run over 53 hours.
What are EOFY sales?
With the end of financial year for individuals and businesses falling on June 30, retailers can take advantage of the lead up to shift older stock and make way for new items, all to get their books in the best possible shape.
The EOFY sales can incorporate almost anything, from tech items like laptops and TVs to discounted phone and NBN plans. Not to mention flights, cars, clothing and large home appliances. One of the best bits about EOFY sales is that if you’ll be using the item for work-related purposes, you could claim it back on tax in a matter of weeks.
Are EOFY sales worth it?
The EOFY sales are one of the biggest sale periods in Australia, only rivalled by the likes of Black Friday and Boxing Day. EOFY sales are typically a good time of year to buy a new laptop or TV, as these are some of the big-ticket items to go on sale throughout June.
As mentioned above, one of the biggest benefits of the EOFY sales is that many discounted items will be tax deductible for some shoppers. Think monitors, mice, webcams and computers – if you need these products for work, hold onto your receipt and be sure to claim at tax time.
EOFY sales 2024: shopping tips
There's always a lot to shop during Australia's EOFY sales, making it hard to figure out if something is a genuine bargain or not. Follow our simple advice below and you might just hit the jackpot this June.
1. Keep an eye on price history
One of the main reasons to prep ahead of time before a big sale is so you can not only make your shopping list, but also keep an eye on the price history of what you're after in the lead up to the EOFY sales. This will help you figure out how much you should spend on a particular item.
2. Figure out what features you're after
It sometimes helps to know what features on a particular tech item is important to you as it will also determine how much it will cost you. New products keep showing up with fancy features you may not need or use, so opting for an older model might save you a chunk of change. For example, do you need a 4K OLED screen on your laptop or will QHD do? The latter will be cheaper and still get you a great display.
3. Consider a different brand
You might have your heart set on an LG TV, but you might get better value out of a similar-specced Samsung instead. So be flexible, as that can save you money during EOFY. Similarly, if you've had your heart set on the latest Dell XPS machine, you might find an HP or Lenovo alternative that's cheaper and provides you with all the power you need to get your work done but at a lower price.
4. Do some research
Finding out more about an expensive tech product before you buy could save you some heartbreak down the line. Before the sale starts, do some research on the item – read reviews published on trusted publications, like TechRadar, and also see what other users have to say.
5. Don't spend on extended warranties with little value
Manufacturer warranties in Australia are typically only a year or two, so some retailers offer you an extended warranty – for a price. It's best to make sure you will get some value out of this by reading the fine print as an extended warranty can just be an easy way for the retailer to make a fast buck. Remember, you are protected under the Australian Consumer Law, so it's always good to know what rights you already have before dropping cash on extended warranties you may never use.
