Stereo gear mark-up

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tims

118 posts

Master Geek
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#208397 10-Feb-2017 05:39

Looking at buying a DEQX signal processor - their basic model is around A$3,800 from an Australian hifi store whereas the distributor/retailer here wants NZ$4995.
I know electronics are generally dearer here compared to Aussie but it's got me wondering - what sort of mark-up do the importers put on equipment - 10 to 15%? And then the retailers add another 40 to 50% - does this sound right or does it depend on the equipment being sold?

Thanks

Item

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#1718080 10-Feb-2017 08:21

Not sure if there is a "standard" mark up - it can vary wildly IME but it is often pretty unpalatable.

I am sure it partly depends on where things are imported from and how much of a monopoly a given re-seller has on the market.

I was looking at some Tannoy XT8F speakers the other day and the only place I can see that sells them officially here wants NZ$4000 for them. Best prices in the UK (where they are from) are around 1300 pounds...at current exchange rate that is NZ$2260 and a difference of around $1700 which is frankly obscene.

I guess it is that good old NZ tax again...the price we pay for being agreeably far away from Brexit and Trump and all the rest of the worlds horrors.

Item

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#1718083 10-Feb-2017 08:29

In fact, considering the above, the GST and taxes and the worst case shipping with Shop & Ship (cheaper options available with sea freight) I could still save myself upwards of NZ$1000 by buying them from the UK and importing, which is just ludicrous.

...and tempting.

tims

118 posts

Master Geek
+1 received by user: 2

#1718092 10-Feb-2017 08:59

Yes, I use NZ Post YouShop for shipments from the USA. I've managed to avoid the Custom's GST/DUTY charges so far by juggling what parcels I send as one shipment so it doesn't go over our free"allowance" of paying no GST/duty if the chages are under $60.

Item:
In fact, considering the above, the GST and taxes and the worst case shipping with Shop & Ship (cheaper op1tions available with sea freight) I could still save myself upwards of NZ$1000 by buying them from the UK and importing, which is just ludicrous.

...and tempting.