End of Financial Year (EOFY) Sales 2024: Start date, early deals

Stephanie Yip

Chris Jager

Posted: 27 May 2024 9:30 am

News

Start planning your shopping list now because the next big sales event is right around the corner.

The End of Financial Year Sale (fondly abbreviated to EOFY Sale) has come around again.

We know what you're thinking: where has the year gone?

Whether you've been delaying buying that big ticket item or need a warm jacket to see you through winter, now is your chance to snap it up for a steal.

Here's everything you need to know this year's event, including the best early-bird deals handpicked by our shopping experts.

Best early End Of Financial Year sales and deals

Who says you must wait until June to start shopping the EOFY sales? Not these stores! Here are some outstanding deals you can shop right now.

Up to 50% off Emma mattresses

You'll sleep easy knowing you scored a massive discount on that new mattress of yours. Emma has slashed up to 50% off mattresses and accessories to ring in the new financial year. Finder Shopping readers get an extra 5% off with the code FINDER5.

Browse deals

Up to 57% off Lenovo IdeaPad laptops

If you're in the market for a new laptop, the Lenovo IdeaPad range is a great choice whether it's for work or school. Thanks to Lenovo's EOFY sale you can currently save up to $1,730 off the RRP.

View laptops

Smart TVs from $199

The Good Guys has dropped the dollars on TVs in its EOFY clearance sale. Make the most of the season as old stock is marked down to make way for the new. Prices start from just $199.

Get deal

30% off winter fashion and footwear

As the winter chill starts to make its way to our shores it's time to refresh your wardrobe with warming wears. Thankfully, Myer has a selection of men's and women's jackets, knitwear, boots and beanies all at 40% off.

Get 40% off

Kathmandu winter wear from $14.99

Kathmandu has brought out their winter essentials for its EOFY sale, including jackets, parkas, pullovers, down vests, thermo socks and more.

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Healthy Choice 25L 1700W French Door Digital Air Fryer Convection Oven for $184 | $299.95 $184 (save $115.95)

Change the way you cook with a Healthy Choice air fryer. It boasts 18 pre-set cooking programs and can toast, roast and bake using minimal oil. Buy it now for under $200.

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26% off the Fisher & Paykel 9kg Heat Pump Dyer | $1,899 $1,407 (save $492)

With a 9 Energy Star Rating, 13 programs and Wi-Fi compatability, this Fisher & Paykel makes it easy to dry everything from delicate items to sportswear while keeping energy costs at bay.

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57% off Lavazza Voicy Black A Modo Mio Coffee Machine | $349 $150 (save $199)

As its name implies, the Voicy allows you to order an Italian espresso using your voice. You can customise the length and temperature to make each coffee exactly how you like it. The machine uses Lavazza capsules which are available in most supermarkets.

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When do End of Financial Year sales start?

End of Financial Year sales can start at any time between now and July. Typically though they crop up at the beginning of June and finish on 30 June to coincide with the end of the tax year.

When do EOFY sales end?

Most sales end by 30 June 2024.

What is the End of Financial Year Sales and why so business have them?

Short for End of Financial Year, EOFY is a time when businesses slash prices to clear their shelves of old stock.

This helps make room for the next season's stock while reducing the workload during stocktake and improving the accuracy of the business' tax reporting.

Often synonymous with whitegoods and cars, the End of Financial Year sales stretches across everything from homewares and furniture to fashion and beauty.

For anyone who has a home office or business, it's a popular time to purchase work-related items such as desks, chairs and electronics, to claim on your tax return.

Which stores are having End of Financial Year Sales in 2024?

A handful of stores have kicked off their End of Financial Sale early.

Here are some EOFY sales running right now.

Tech stores: EOFY 2024

Home and appliance stores: EOFY 2024

Fashion stores: EOFY 2024

Beauty stores: EOFY 2024

Go to EOFY Sales Hub

Are the End of Financial Year sales worth it?

They can be. As many retailers aim to clear their stock you can oftne find discounts of up to 90% off.

That said, sometimes the deals may sound more fantastic than they actually are.

Before you buy, check out the RRP to see the real savings and compare prices across a variety of stores.

It's also worth seeing if any stores are offering coupon codes on top of their sale prices to save even more.

Other top tips to make the most of the End of Financial Year sales

Shop early. The best deals typically get snatched up first. Be the early bird that catches the worm and start your wishlist now. Then, check in throughout June to see if the price has dropped.
Be flexible. Whether you're being flexible with brands or models, not all items will be discounted. Most likely older models will be on the chopping block, so keep an open mind to find the biggest bargains.
Consider tax deducations. Perfectly timed with your tax return, the End of Financial Year sales is a chance to buy new work-related expensies such as printers and phones and claim them on tax. Keep in mind that you won't be able to claim a full, immediate deducation on items over $300. You'll need to claim depreciation over a number of years.
Consider back to school vouchers. Shopping for essentials for your kid? If you're in NSW you may be eligible for Back to School vouchers. Each school-enrolled child is entitled to $150 worth, which can be used toward uniforms, textbooks, computers and stationery at select retailers.
Know the returns policy. Clearance sales are often excluded from returns. If you're unhappy with your purchase this leaves you with an unwanted item and less money in your pocket. If you're unsure about a purchase, check the returns policy first.
Shipping costs. What might look like a bargain may end up being a blow-out once shipping costs are factored in. Ways to get around this include opting for Click&Collect or seeing if there's a free shipping code you can redeem.

Want even more savings? Head over to Sales Finder or check out today's top deals.

Image: @Moyo Studio via Canva.com