Embracing Circularity to Ease the Rise of Cost-of-Living
, by Circonomy, 1 min reading time
Circular shopping is growing significantly in Australia as a go-to option for affordable shopping. With the rise of cost-of-living, many Aussies are holding back on spending. But shopping doesn’t have to be expensive – or even brand new!
As a cheaper alternative to brand-new, the second-hand market is now valued at $60 billion, and growing at a rate of 25% per annum (ABC, 2023).
Plus, a recent consumer survey by Capterra (2023) found that 82% of Australians have changed their spending habits due to inflation, with 26% of those surveyed choosing to purchase second-hand.
That’s a lot of pre-loved goods finding new homes!
And it’s not just places you’d expect to find seconds such as Facebook marketplace. Retailers and businesses are offering buyback programs and selling refurbished items so you can get top quality products for less. There’s also circular stores such as Circonomy with circular business models through moving dormant goods – so you can ensure that your purchases are not just affordable, but also sustainable!
So, next time you're shopping, why not consider going circular? It's a great way to manage your budget, do your bit for the environment, and snag some quality goods at a bargain. Remember, every dollar counts, and every little bit helps our planet. Happy shopping!
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