Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Exactly how much should a coffee machine cost?


Whilst some may be feeling inspired by The Block and kitting out their homes with the latest must-have appliances, research from fully impartial price and product comparison site, PriceSpy, uncovers new eye-opening insights that reveal dependent on where consumers shop, the exact same homeware item may cost up to 59 per cent more.

Liisa Matinvesi-Bassett, New Zealand country manager for PriceSpy, says: “Our latest insights looked at the price points for the top ten most popular products on PriceSpy across a range of homeware shopping categories, including fridge freezers, espresso machines and washing machines.

Of the 100 products researched, overall findings were relatively alarming. For example, 35 per cent of the items were found to have a price difference equating up to 40 per cent.

Key PriceSpy research findings:
• 89 per cent of items were found to have a price difference equating up to 20 per cent or more
• 66 per cent of items were found to have a price difference equating up to 30 per cent or more
• 35 per cent of items were found to have a price difference equating up to 40 per cent or more
• 9 per cent of items were found to have a price difference equating up to 50 per cent or more

Liisa continues: “As consumers, we expect to see small price variants between retailers however, when these amounts equate to a massive $1548 for the exact same product, as for the Fisher & Paykel RX611DUX1 (Stainless Steel) fridge freezer, we need to help consumers make more informed purchasing decisions to ensure they aren’t spending hundreds, if not thousands of extra dollars.”

Top ten culprits (percentage difference):

Kitchen & Household appliancesShopping categoryCheapest price found on PriceSpyMost expensive price found on PriceSpyDifference ($)Variance (%)
1DeLonghi Nespresso Essenza Mini EN85Espresso machines$124$299$17559%
2Breville BSB310Blender$52$124.99$7258%
3Kenwood Limited KVC3100Stand Mixers & Kitchen Machines$388$899.99$511.9957%
4Russell Hobbs 18569 1LKettles$39.99$89.99$5056%
5Breville The Soft Top BKE700Kettles$65$139.99$74.9954%
6Breville The Soft Top BKE700Kettles$84$179.99$95.9953%
7Sunbeam Mini Barista EM4300Espresso machines$265$549.99$284.9952%
8Sunbeam Capri Glass KE6100Kettles$67$139.99$72.9952%
9Bosch WAN22120AU (White)Washing machines$844$1699$85550%
10Haier HWT60-AW1 (White)Washing machines$379$749$37049%

Liisa concludes: “Using a price comparison site like PriceSpy provides full pricing transparency to consumers, so they can make informed purchasing decisions 24/7 and the money that they save, can potentially be put towards a new washing machine!”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

National: National Backs Businesses With $10k JobStart

National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced. Our JobStart ... More>>

ALSO:

DIY Law: Government Exempts Some Home Improvements From Costly Consents

Homeowners, builders and DIYers will soon have an easier time making basic home improvements as the Government scraps the need for consents for low-risk building work such as sleep-outs, sheds and carports – allowing the construction sector ... More>>

ALSO:

Media Awards: The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards

The New Zealand Herald has been labelled a “powerhouse news operation” as it claims the two biggest prizes – Newspaper of the Year and Website of the Year – along with many individual awards at the 2020 Voyager Media Awards Website of the ... More>>

ALSO:

ASB Bank: ASB Takes The Lead Again With New Low Home Loan Interest Rate

ASB has moved again to support its customers, cutting a number of home loan rates, including the two-year special rate to a new low of 2.69% p.a. Craig Sims, ASB executive general manager Retail Banking says the reduced rate will be welcome news for many ... More>>

ALSO:

Nathan Hoturoa Gray: The Problems With Testing And Case Statistics For Covid-19

To begin to understand disease transmission in a country requires adequate testing of your population with properly vetted, accurate tests. As the world struggles to find what 'adequate percentage' of the population is necessary, (estimates predict ... More>>

ALSO:

RNZ: Fletcher Building To Lay Off 1000 Staff In New Zealand

The construction company will cut around 10 percent of its workforce as it struggles with the fallout from Covid-19. More>>

ALSO:

Can Pay, Won't Pay: Cashflow Moves Urged

Government Ministers are asking significant private enterprises to adopt prompt payment practices in line with the state sector, as a way to improve cashflow for small businesses. More>>

ALSO:

Gordon Campbell: On Why We Should Legally Protect The Right To Work From Home

For understandable reasons, the media messaging around Level Two has been all about “freedom” and “celebration”, but this is not necessarily going to be a universal experience. When it comes to workplace relations, Level Two is just as likely to ... More>>

ALSO:



Auckland Airport: Thousands Of Kiwis Travelling For Queen’s Birthday Weekend


Confidence in domestic travel is beginning to steadily ramp up, with thousands of Kiwis travelling within New Zealand for Queen’s Birthday.
Nearly 400 flights will be operating to and from Auckland Airport over the long weekend... More>>

ALSO:

Science Media Centre: Understanding 5G Concerns – Expert Q&A


Recent attacks on cell phone towers have brought concerns over the rollout of 5G technology into sharp relief.
While scientific research has consistently shown that the technology does not adversely affect human health, public concerns about its impact have spread around the world, fueled in part by growing misinformation online. The SMC asked experts to comment... More>>

ALSO:


Trade: Record Monthly Surplus As Imports Dive

Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today. “This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest ... More>>

ALSO:


Media Blues: Stuff Chief Executive Buys Company For $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
The chief executive was returning the company to New Zealand ownership, with the sale is expected to be completed by 31 May.
"Our plan is to transition the ownership of Stuff to give staff a direct stake in the business as shareholders," Boucher said in a statement.... More>>

ALSO:

RNZ: Bar Reopening Night 'much, Much Quieter'

Pubs and bars are reporting a sluggish first day back after the lockdown, with the fear of going out, or perhaps the joy of staying home, thought to be a reason for the low numbers. More>>

ALSO:

Stats NZ: New Zealand’s Population Passes 5 Million

New Zealand's resident population provisionally reached 5 million in March 2020, Stats NZ said today. More>>

NIWA: Seven Weeks Of Clearing The Air Provides Huge Benefits: Scientist

Seven weeks of lockdown has provided evidence of how pollution can vanish overnight with benefits for the environment and individuals, says NIWA air quality scientist Dr Ian Longley. Dr Longley has been monitoring air quality in Auckland, Wellington ... More>>

ALSO:

Government: Milestone In Cash Flow Support To SMEs

A significant package of tax reforms will be pushed through all stages in Parliament today to throw a cash flow lifeline to small businesses. More>>

ALSO: