Online buying popular despite weaker $A

Print This Post A A A

Many online shoppers will continue to buy from overseas retailers despite the Australian dollar’s recent fall.

Just over 80 per cent of Australians have bought goods online from overseas, and 48 per cent say they will not alter their buying habits because of the weaker exchange rate, according to a survey of 1,000 Australians commissioned by non-bank lender Aussie.

The Australian dollar has lost more than 14 US cents since April, making imported goods dearer.

The Aussie currently sits between 91 and 92 US cents, after spending much of the last two years above parity with the US dollar, peaking in July 2011 above 110 US cents.

“It is interesting to see that the falling dollar has not perturbed too many shoppers,” Aussie consumer finance products senior manager Liam Janke said.

“We recently ran a Facebook promotion to find Australia’s smartest online shopper, and were surprised at the disparity in pricing between overseas and Australian sites and also between the overseas sites themselves.”

Mr Janke said the price of goods bought online can still be roughly half of that of goods bought instore.

He did warn that one pitfall for online shoppers is credit card charges, but they can be largely avoided by using low rate cards, as well as cards that carry no international transaction fees.