On average, Aussies spent just over $240 a week on retail goods in 2016/17. That’s up almost $4 a week according to the latest Retail Spending report from the Australian Bureau of Statistics (ABS).
Over the same period the average wage was estimated to have lifted $28 a week. So, how does your spending compare to the average Aussie?
What the average Aussie spends each week
|Electrical/ Electronic goods||$16.06|
|Hardware/ Garden supplies||$14.74|
|Butchers/ Bakeries/ Fishmongers||$6.85|
How is our spending changing?
We're spending more on:
We're spending less on:
- Specialised food shops - butchers, bakery, fishmongers
- Department stores
- Newspapers/ Books.
Eating out and ordering food in are increasingly popular due to convenience and affordability. As a nation, we're spending nearly 7% more on takeaway food than a year ago - that's the biggest increase in seven years. The cost of takeaway food only rose by 1.6% in the last year, less than was recorded by supermarkets where costs increased by 3%.
Home renovations are driving an increase in furniture, carpet and curtain purchases which were up 4.4%. According to the report we're spending less at 'specialist' stores (butchers, bakeries and fishmongers) and our appetite for technology is having an impact on the amount we spend on newspapers and books.