The popularity of online shopping is evident in Australia. 85% of Australians are connected to the internet and 12.1 million are active on social media. The main driving factors for the growth of ecommerce in Australia are convenience for consumers and retailers and steadily decreasing logistics costs. While Australians have traditionally preferred physical stores, many are now turning to the convenience of shopping online. Read on to learn more about the benefits of online shopping. Below is an overview of online shopping in Australia.
Online retail sales rose 24.5% in 2019
Australian households are spending more time online than ever. According to the Australian Bureau of Statistics (ABS), online retail sales rose 24.5% in Australia in 2019. Despite the post-pandemic shift, online shopping participation is still strong. In fact, in the March-December 2020 quarter, 9.7% of all retail sales were online. And the trend is likely to continue, with more households choosing this method of shopping.
New South Wales consumers spend the most on online shopping, with over 31% of the population using the convenience of online shopping. Similarly, Queensland reported the highest growth rate among all states, while Victoria, Tasmania, and the Australian Capital Territory recorded below-average growth compared to 2020. In Victoria, however, online shopping declined over the same period, despite the strong growth recorded in previous years. And in the ACT, sales increased by only 0.7%.
Online shopping is a mainstay for Australian families
Online shopping is a mainstay for Australian households. In 2018, Australians spent $62.3 billion on physical goods. Four in five households bought products online, and the average person spent $228 each week. Men spent the most, spending an average of $308 a week, while baby boomers spent the least, only $54 a week. The highest weekly spend was in New South Wales, with an average of $257. West Australians spent the least, spending an average of $264 per week.
The economy continues to impact Australian households. According to a McKinsey study of consumer attitudes, over 40% of households are adjusting to reduced household income, particularly millennials and Generation Z. Shoppers expect to cut back on discretionary spending, while grocery spending will remain flat. However, the growth of online shopping is due to the fact that many Australian families have stable incomes and prefer to shop online.
Online shopping sites offer interest-free options
If you’re worried about your credit rating, you can find interest-free payment plans at a variety of online shopping websites. These plans let you pay off the entire cost of your purchase in several installments, spread out over several months. Often, these plans are available only to consumers with excellent credit, but you can still find online shopping options that work for you. Here are some of the best ones:
Affirm: If you want to make larger purchases, this service is best for you. You can spread the payment over three months, without worrying about affecting your credit score. Klarna, on the other hand, partners with more merchants and offers interest-free options. Klarna also offers interest-free payment plans and no credit check. These two sites offer a variety of payment plans, and it’s important to consider your individual needs before choosing a site.
Australian consumers have little patience when it comes to shopping online. According to a recent survey, 50 percent of respondents said they hated having to wait for their order to arrive, and 44 percent said they disliked having to wait at home while the package was being sent to the post office. Millennials and baby boomers are the age groups with the highest expectations for online shopping, but even older shoppers have some pet peeves.
In 2020, Australians will spend over 5.2 million hours on eCommerce. And while desktop and laptop usage are still dominating, smartphones accounted for 25.7% of Australian online purchases. This means that eCommerce players must focus on offering a pleasant mobile experience. And convenience is still king, so security isn’t a top concern. Whether online shopping is done with a credit card or a PayPal account, Australian shoppers prefer convenience.
If you’re planning to buy something in Australia, you might want to think about online shopping. There are a number of reasons why you should go online to purchase something. Many of these sites offer great deals on many different types of goods, including groceries and fashion. Online shopping allows you to purchase the exact item that you want for much less than you would pay in a brick-and-mortar store. Here are some of the top benefits of shopping online.
Purchasing products online in Australia doesn’t have to be a hassle. It’s easy to find the right site or app for your shopping needs, and as long as you stay within Australian law, you can easily get your hands on your favourite brands. Unlike traditional shopping, many online stores offer great deals and discounts, which makes them a great choice for bargain hunters. It’s also convenient to compare prices from different websites.