The cheapest supermarkets revealed and which states have the most exxy groceries
Shoppers in NSW paid less than in other states at Woolworths and IGA; those in the ACT and NSW got the best deal at Aldi; and in Queensland, shoppers paid less than Aussie shoppers at Coles.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Perth Now
2 hours ago
- Perth Now
Major tax change impacting millions
Millions of Aussie small businesses are being warned to pay their tax bills on time or they will be slugged with a fee, compounding daily. In changes to taxation laws coming into effect on July 1, interest charged by the Australian Taxation Office (ATO), which is set at 11.17 per cent compounded daily, will no longer be tax deductible. This means businesses who previously didn't have to worry about the debt due to it being tax deductible in the next financial year, would now have to pay their tax bill plus any interest owed. A change in tax policy could see small businesses needing to pay their tax liabilities sooner. NewsWire / Emma Brasier Credit: News Corp Australia CA ANZ tax expert Susan Franks warns the approximately 2.6m small businesses in Australia this change will substantially increase the real cost of falling behind on tax obligations, particularly for small businesses already operating on tight margins. 'Small businesses currently hold the majority of the ATO's outstanding tax debt, and this change will make that debt even more expensive,' said Ms Franks. 'Previously, small businesses may not have been concerned about accumulating interest on tax debt, as it was deductible at tax time. 'But from 1 July 2025, small businesses could find themselves in a difficult situation and if not managed carefully, interest owed to the ATO could quickly exceed the amount of tax they were originally meant to pay.' The change comes into effect as the tax office tries to recoup the $45bn owed to them by small businesses. It comes as the tax office is looking get back more than $45bn in tax revenue. NewsWire / Nicholas Eagar Credit: NewsWire ATO assistant commissioner Anita Challen reminded taxpayers to pay in full and on time to avoid general interest charges accruing on overdue debts. 'These changes will mean it will cost more to carry a tax debt and, while taxpayers won't feel this change until next tax time, ATO general interest charge is currently charged at 11.17 per cent and compounds daily making it so important to get on top of your tax obligations,' Ms Challen said. 'If you have a tax debt you've been putting off paying – now is the time to pay.' The changes to the tax law comes as separate data sent from CreditorWatch shows more than 30,000 businesses across Australia owe the tax office at least $100,000. Since April 2022, the ATO has disclosed business tax debts to credit reporting bureaus, such as CreditorWatch, if they owe more than $100,000 and the business has not responded to outreach in two months. The number of businesses CreditorWatch says owes the tax office at least $100,000. Supplied Credit: Supplied CreditorWatch says this is not a full list of businesses that owe more than $100,000 but worryingly 15,635 individuals or sole traders currently owe the tax office at least six figures. The ATO urges any businesses that are unable to pay their tax liabilities to get in contact with the taxation office. 'If you cannot pay on time and in full, you should also discuss your financial position with your accountant or finance provider to understand if there are alternative methods of funding payment of tax debts that might have a lower interest rate,' Ms Challen said. ' If you are considering obtaining third party financing to pay your tax debt, you should discuss the tax implications with your registered tax agent or adviser.'
ABC News
2 hours ago
- ABC News
Aldi remains the cheapest place to shop for groceries, according to Choice report
Consumer advocacy group Choice today released the results of its quarterly, government-funded report on supermarket prices across Australia. Aldi was named the cheapest when it came to a sample basket of groceries, followed by Woolworths, Coles and IGA. The group says despite recent cuts to interest rates that have provided some relief to mortgage holders, the cost of living continues to trouble many Australians. Here is how the supermarkets compare and how you can make sure you are getting the best value at the check-out. Without including specials, the average full basket of 14 items cost: Looking at the individual items on the list (without specials), Coles had the best deal on apples, Woolworths had the cheapest chicken breasts and pumpkin, and at IGA you paid less for carrots and garlic than at the other three supermarkets. Aldi had the best price on everything else. The average prices across each state and territory were: ACT: NSW: Northern Territory: Queensland: South Australia: Tasmania: Victoria: Western Australia: Aldi is not available in all states and territories. Choice has slightly tweaked the contents of the basket after feedback from consumers. They asked for more visibility and fresh foods to be included. Winter items such as hot chocolate, ingredients for pumpkin soup and porridge were also included. The products purchased at each supermarket were: Last year's pricing comparison found that Aldi was 25 per cent cheaper than Coles and Woolworths but this one does not appear to suggest similar. According to this year's report, Woolworths appears 6.4 per cent more expensive than Aldi and Coles 6.9 per cent. Choice CEO Ashley de Silva said the methodology had not changed but the selected items had. "Our base basket of items in Year 2 is different to our base basket of items in Year 1," she said. "Our new emphasis on fresh foods — something we've been asked to focus on by our audience — is a big reason why we've seen the percentage differences between our basket totals change, as fresh and seasonal items tend to be more competitively priced." Choice is in it second year of comparing supermarket baskets and it says this quarter, it has changed how it does it. The peak body says it considered factors such as ingredient lists, country or origin and packaging similarities to ensure fair comparisons were made. "When items were unavailable, we looked for the closest alternative just as you would when shopping for your family," the report wrote. "We've also reduced the size of our base basket this year to allow us to add more spotlight items each quarter, so that we can compare a wider variety of products across the year. "We'll be able to track changes to the base basket as prices fluctuate across the year, and also include a wider variety of new items each quarter." Choice said it surveyed 104 supermarkets – 27 Woolworths, 27 Coles, 23 Aldi and 27 IGA stores – in 27 locations across Australia in March 2025. Supermarket locations were chosen to give good coverage of socio-economic status based on ABS Indexes and geographic spread across the country. Supermarkets were surveyed in clusters so that each store had local competition, and it calculated the average price of the basket of goods, both with and without specials. "A price was deemed to be a special when we had evidence of a temporary price reduction. "There were 14 grocery items in each basket (10 fresh and 4 packaged items)." In a statement provided to the ABC, a spokesperson for Coles said the Choice basket "doesn't capture our full winter offer for customers". "This month, we lowered the price of more than 300 products for 12 weeks to help provide relief to households this winter, which, combined with other current deals means more than a thousand items at Coles are currently reduced in price. "We appreciate the increased transparency in Chioce's recent quarterly report on grocery prices across supermarkets, which for the first time discloses the list of items from each basket." A spokesperson for Woolworths told the ABC it had also launched a lower winter price program, "which has reduced prices on hundreds of winter essentials by an average of 18 per cent for the next three months". "Products on Lower Winter Price include pantry staples, frozen foods, personal care, and baby care, and are designed to give customers certainty on the key products they'll be buying this season to help their budgets go further. "Year-on-year prices in our Australian Food business have now declined for five consecutive quarters and we remain committed to delivering value for our customers every time they shop with us." It can be hard to compare prices of different-sized products from different brands, but unit pricing lets you compare prices based on the price per unit e.g. 100 grams or 1 litre. All supermarkets are required by law to include this information in labelling, both online and instore. The Australian Competition and Consumer Commission (ACCC) gives some good examples of this: Switching between stores and shopping at different supermarkets to take advantage of specials can deliver significant savings. Starting at Aldi is the best way to save at the check-out, according to Choice. Swap expensive cuts of meat for cheaper alternatives, look at frozen fruit and veg, particularly if shopping for produce out of season, and give the ugly fruit and vegetables a go. Nutrition academics say frozen produce can be just as healthy as fresh fruit and veggies — sometimes even healthier. Also, don't be afraid to try house brand products. The next supermarket price comparison will be released in September.
Sydney Morning Herald
3 hours ago
- Sydney Morning Herald
Aldi drops its own price bomb in supermarkets' targeted price attacks
Aldi has joined the Australian supermarket tit-for-tat price contest begun by major players Coles and Woolworths to ensure its discount gap stays in place. The German multinational chain has lowered prices by about 1 per cent to ensure its discount bona fides in response to the premium supermarket chains' recent price bombs. The price drop is Aldi's largest in 18 months, according to JP Morgan's price tracking analysis. What we are seeing is a precision strike on prices of select and mainly home brands from Coles and Woolworths rather than store-wide discounts. Sure, supermarkets want to help customers ease cost of living stress, but a series of selective price cuts has more to do with luring those large-trolley shoppers into their stores with, let's say, cheaper nappies, and having them throw in items that are not discounted. Woolworths fired the first salvo last month in a $100 million land-grab. Coles' response of matching Woolworths was almost immediate, which brings into question the effectiveness of Woolworths' move. Supermarket shoppers are a promiscuous bunch and are even less loyal because times are tough. 'There is no material-sustained price advantage for Woolworths after investing $100 million into private-label pricing in May, given the quick responses from Aldi and Coles,' JP Morgan analyst Bryan Raymond said. 'It is more about getting value perception back with shoppers, and encouraging branded suppliers of products to invest along with Woolworths to help drive better value for consumers in both home brand and popular branded products.'
