Neil Fairhead

CEO, It’s On Sale

inConnect

Thursday morning. Day 4 of the fuel excise passthrough and Sydney and Melbourne metropolitan pumps have now fully rebased through the standard midweek cycle. The gap between cheapest E10 and dearest Premium 98 has hit a record 26 point 5 cents per litre, up from 17 point 4 cents in 2012, per NRMA analysis cited by the Sydney Morning Herald. At 11:30am AEST today the Australian Bureau of Statistics releases the June international trade balance, the last major domestic data print before the RBA cash rate decision at 2:30pm AEST on Tuesday 11 August, now just 5 days away. Priced In News shows the no change consensus at 97 per cent. Today is also the opening day of ASX full year profit season, with retailer FY26 results starting to land. Today’s Top 5 opens with House at up to 80 per cent off homewares.

Fuel Day Four: Metro Rebase Fully Bites

Day 4 of the excise passthrough and metropolitan pumps in Sydney and Melbourne have now fully absorbed the Wednesday cycle rebase compounded with the excise reset. National average unleaded pump prices reached 1 dollar 97 cents per litre at the day one Monday reading and diesel 2 dollars 39 point 2 cents per litre, per Nine Newspapers on 3 August 2026 citing NRMA analysis. NRMA data also showed wholesale unleaded rebased to 2 dollars 1 point 5 cents per litre and diesel to 2 dollars 43 cents per litre on Monday, meaning by Day 4 practically every metropolitan retail site is now working through fully rebased stock carrying the full 53 point 7 cents per litre excise, per the ATO fuel excise Table 1.

The record spread between the cheapest E10 and dearest Premium 98 unleaded is the strongest fuel grade signal in a decade. NRMA reports the E10 to Premium 98 gap has hit 26 point 5 cents per litre, up from 17 point 4 cents in 2012, per Nine Newspapers. On a 55 litre tank that spread is worth roughly 14 dollars 30 cents. Peak forecast pump prices remain at 2 dollars 20 unleaded and 2 dollars 60 diesel by mid August, per RACQ principal economist Ian Jeffreys via ABC News on 2 August 2026. ACCC monitoring of the 5 largest capital cities showed the daily average retail petrol price at 193 point 6 cents per litre on 29 July, up 42 point 1 cents from 30 June, and diesel at 232 point 8 cents per litre, up 59 point 3 cents, per ACCC weekly fuel price monitoring on 24 July 2026. Regional averages across 190 monitored locations sat at 198 point 5 cents per litre. That is the baseline from which Day 4 compounds.

Fuel Actions For Thursday

Three practical actions this Thursday morning. First, if the vehicle handbook allows, drop from Premium to 91 or E10 unleaded for the next fill. The 26 point 5 cent per litre spread between the cheapest and dearest grades is a household budget lever worth roughly 14 dollars 30 cents on a 55 litre tank. Never run E10 in a vehicle that does not accept it. Check the fuel filler cap or the vehicle handbook first. Second, use the state fuel apps in parallel. Fuel Check NSW for New South Wales and ACT, FuelWatch WA for Western Australia where prices are locked 24 hours in advance, MyFuel NT for Northern Territory, FuelCheck TAS for Tasmania. Queenslanders use MotorMouth or PetrolSpy. Third, lock a second tank price with 7 Eleven Fuel Lock at any nominated 7 Eleven site for a 7 day price hedge.

Trade Balance June Lands 11:30am AEST

At 11:30am AEST today the Australian Bureau of Statistics releases the June international trade balance. The prior May print showed a 3 billion 18 million dollar trade deficit, the worst in a year. Trading Economics consensus is a narrower 1 billion 800 million dollar deficit. May exports were 43 billion 610 million dollars against imports of 46 billion 630 million dollars. This is the last major domestic economic print before the RBA cash rate decision at 2:30pm AEST on Tuesday 11 August, so bond and rate strategists will read it closely for iron ore, coal and LNG signals against a softening China backdrop. A wider than expected deficit would soften the Australian dollar and marginally reinforce the near unanimous RBA hold consensus. A narrower print signals resilient external demand and, at the margin, gives the RBA more cover for its “hike if required” language to remain in play.

Trade balance is a second tier print in the RBA hierarchy behind CPI, employment and WPI, but with 5 days to the meeting every data point now matters. Markets are priced for a 97 per cent no change probability, per Priced In News on 29 July 2026. Interbank overnight indexed swaps show a 4 per cent hike probability per Commerzbank economist Volkmar Baur via TMGM on 29 July 2026. All Big Four are now unanimous on hold at 4 point 35 per cent. CBA head of Australian economics Belinda Allen wrote on 30 July 2026 that “there is little need to tighten further given the combination of data prints since June”. Westpac, the last major hawk, dropped its two more hike call to 4 dollars 85 within a day of the June CPI release.

Retailer Profit Season Opens Today

Today Thursday 6 August is officially day one of the ASX full year profit season, per the Australian Financial Review profit season calendar published 4 August 2026. For Australian retail shoppers, the consumer angle is straightforward: retailer FY26 numbers now start landing over the next four weeks, and every retailer running with a soft top line has a strong reason to run aggressive winter clearance for the last three or four weeks of the sale window. That is exactly the discount pressure underlying today’s Top 5, where House is at up to 80 per cent off, Mossman is at up to 70 per cent off winter women’s fashion, and category leaders across menswear, health and beauty, outdoor and footwear are all sitting at 50 per cent off headline discounts. When a retailer’s FY26 sales miss the analyst consensus, the September and October relaunch cycle is compressed. Deep winter clearance now is the pressure valve.

Key retailer results the shopper should watch: JB Hi Fi, Nick Scali, Adairs, Super Retail Group and Wesfarmers all report over the coming three weeks. On the banking side, CBA reports its FY26 full year result on Wednesday 12 August, the day after the RBA decision, which typically sets the tone for the household lending market. For the average shopper, the practical read across is that ANY retailer heavily promoted through late July and early August is likely trying to buffer a soft FY26 outcome, which means the deep discount cycle underway right now is not just seasonal, it is FY reporting driven. This is the sharpest single week of the year to run down remaining winter apparel, footwear and homewares.

Consumer Angle: Grocery, Clothing And Household Spend

Beyond fuel, the two biggest shopper wallets to watch this Thursday morning are groceries and winter clothing. Cuugo Grocery Price Index this week: Aldi 74 dollars 53 cents (winner), Coles 72 dollars 25 cents, Woolworths 79 dollars 25 cents, IGA 101 dollars 2 cents. All three majors are down week on week: Woolworths 3 dollars 12 cents cheaper, Coles 4 dollars 40 cents cheaper, Aldi 2 dollars 63 cents cheaper. A multi store weekly shop that buys each item at the cheapest store this week comes to 61 dollars 67 cents, saving 12 dollars 86 cents versus even the cheapest single store total. On non promotional pricing Coles is 4 to 6 per cent cheaper than Woolworths for fresh produce, verified in Melbourne postcode 3000 per ShopBack on 30 July 2026.

On the household spending side, the ABS Monthly Household Spending Indicator released Monday showed spending rose 0 point 8 per cent in June to 81 point 3 billion dollars, with the annual pace lifting to 6 per cent, a three month high, per Reuters on 4 August 2026. New vehicle sales were the standout, up 3 per cent, with electric vehicle sales driving the momentum per ABS head of business statistics Tom Lay. Spending resilience against weakening Roy Morgan consumer confidence, which sat at a six week low last week, is the exact backdrop retailers are pitching this final winter clearance window into. Australian shoppers are still spending, but Roy Morgan tracking shows 39 per cent now actively delay purchases until major sale events. Discounts as deep as today’s House 80 per cent off are the trigger that converts intent to purchase.

Thursday Top 5 Deals

1Today’s Top
DiscountHouseHomewaresUp to 80 per cent off House: kitchenware, cookware, small appliances, glassware, bakeware, bathroomware and dining essentials from Australia’s homewares specialist trading since 1994 with more than 175 stores nationwide, plus Afterpay, Zip and free click and collect.80%OFF2MossmanWomen's WearUp to 70 per cent off Mossman: dresses, knitwear, tops, coats, denim and accessories from the Melbourne founded contemporary women’s fashion label, with Afterpay, Zip and free Australia wide shipping over 100 dollars.70%OFF3HallensteinsMen's WearUp to 50 per cent off Hallensteins Brothers: shirts, jumpers, chinos, jeans, jackets and outerwear from the Trans Tasman men’s fashion label with Afterpay, Zip and free Australia wide shipping over 100 dollars.50%OFF4Healthy LifeHealth & BeautyUp to 50 per cent off Healthy Life: vitamins, supplements, protein, sports nutrition, natural beauty and organic groceries from the Australian owned online health specialist with Afterpay, Zip and free shipping over 99 dollars.50%OFF5MacpacOutdoor & CampingUp to 50 per cent off Macpac: outdoor jackets, fleece, hiking boots, tents, sleeping bags, hiking packs and travel gear from the New Zealand founded outdoor label with Afterpay, Zip and free Australia wide shipping over 100 dollars.50%OFF

Every store in Thursday’s Top 5 is Australian owned or locally fulfilled. Every discount was verified against the store’s own live sale page this morning. None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Every product ships from an Australian warehouse and is backed by the Australian Consumer Law. House at up to 80 per cent off is the outright winner this Thursday, with Australia’s homewares specialist since 1994 running deep clearance across kitchenware, cookware, small appliances, glassware, bakeware, bathroomware and dining essentials from more than 175 nationwide stores. Mossman at up to 70 per cent off runs dresses, knitwear, tops, coats and denim from the Melbourne founded contemporary women’s fashion label. Hallensteins Brothers at up to 50 per cent off holds shirts, jumpers, chinos, jeans and outerwear from the Trans Tasman men’s fashion label. Healthy Life at up to 50 per cent off runs vitamins, supplements, protein, sports nutrition, natural beauty and organic groceries from the Australian owned online health specialist. Macpac at up to 50 per cent off delivers outdoor jackets, fleece, hiking boots, tents, sleeping bags, hiking packs and travel gear.

Other Deals Worth A Look

Beyond the Top 5, a handful of other Australian owned or locally fulfilled retailers are worth a Thursday scroll as the fuel passthrough grinds toward peak. Merchant 1948 (today’s Top 6 ticker pick) holds up to 50 per cent off Trans Tasman heritage footwear. MyHouse is at up to 50 per cent off homewares. Portmans is at up to 50 per cent off tailoring, dresses, tops and denim from the Australian owned women’s fashion label. Lee Mathews is at 40 per cent off tops, dresses and knitwear from the Sydney designer label. Veronika Maine is at 30 per cent off tailoring, dresses and coats. All Australian owned or locally fulfilled, all backed by the Australian Consumer Law.

Week Ahead

Four dates matter for Australian shopper wallets over the next five days. Thursday 6 August today: Day 4 of the fuel excise passthrough with the metropolitan Wednesday cycle rebase now fully compounded, plus Trade Balance June at 11:30am AEST from the ABS, plus opening day of ASX full year profit season. Friday 7 August: RBA finalises its August Statement on Monetary Policy for release with the decision. Monday 10 August: RBA meeting day one, plus Westpac Consumer Confidence for August 8:30pm AEST and NAB Business Confidence for July 9:30pm AEST. Tuesday 11 August at 2:30pm AEST: the RBA cash rate decision. Overwhelmingly priced by markets and all Big Four as a hold at 4 point 35 per cent, with Governor Michele Bullock’s post decision statement the key signal for the November gate. Wednesday 12 August: CBA FY26 full year result and dividend announcement, day after the RBA decision. Mid August between 15 and 20 August: retailers pivot from deep winter clearance to fresh spring stock.

Our Take

Thursday 6 August is Day 4 of a compounding wallet pressure story. On the wallet drag side, Sydney and Melbourne metropolitan pumps have now fully absorbed the Wednesday cycle rebase compounded with the 53 point 7 cent per litre excise reset. The record 26 point 5 cent E10 to Premium 98 gap is the strongest single signal to drop fuel grade this week where the vehicle handbook allows. On the wallet ease side, retailers are running some of the deepest single day discounts of the year at exactly the moment their FY26 profit season begins, which means the discount cycle is not just seasonal, it is profit reporting driven. Aldi is still winning the weekly grocery basket at 74 dollars 53 cents. Household spending was up 0 point 8 per cent in June, meaning discretionary appetite is holding up. The RBA hold on Tuesday 11 August is now 97 per cent priced. Trade Balance June at 11:30am AEST today is the last major domestic data gate before the meeting.

That is exactly why It’s On Sale exists. We track 35,000 Australian stores and 45,000 live sale products, every retailer Australian owned or locally fulfilled, every promotion audited daily against the store’s own price history. No trial traps, no hidden fees, no offshore marketplaces dressed up as a local brand. Today’s Sales shows every store currently running a discount in one place. The AI search reads the way real shoppers ask (try “homewares clearance” or “outdoor camping sale”). None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Browse Today’s Sales this Thursday morning to make your money go further with Australian retailers who stand behind the ticket and the Australian Consumer Law.

It’s On Sale Australia’s home for genuine retail deals. Browse today’s featured stores at itsonsale.com.au.

Neil Fairhead

CEO, It’s On Sale

inConnect

Wednesday morning. Day 3 of the fuel excise passthrough and the retail rebase bites at metropolitan pumps. National average unleaded was 1 dollar 97 cents per litre at day one Monday, per NRMA data cited by the Sydney Morning Herald, and Sydney and Melbourne sites step higher through today as the standard Wednesday cycle rebase compounds the excise passthrough. The gap between the cheapest E10 and dearest Premium 98 has hit a record 26 point 5 cents per litre, up from 17 point 4 cents in 2012 per NRMA analysis. Tomorrow Thursday 6 August at 11:30am AEST brings the Q2 Wage Price Index from the Australian Bureau of Statistics, the last major macro print before the RBA cash rate decision at 2:30pm AEST on Tuesday 11 August. Priced In News shows the no change consensus at 97 per cent. Today’s Top 5 opens with Decjuba at up to 70 per cent off women’s fashion.

Fuel Day Three: Wednesday Retail Rebase Bites

Day 3 of the excise passthrough and the Wednesday retail cycle rebase catches Sydney and Melbourne metropolitan pumps at exactly the wrong moment for household budgets. National average unleaded pump prices were 1 dollar 97 cents per litre at the day one Monday reading and diesel was 2 dollars 39 point 2 cents per litre, per Nine Newspapers on 3 August 2026 citing NRMA analysis. NRMA also flagged that wholesale prices on Monday jumped to 2 dollars 1 point 5 cents per litre for unleaded and 2 dollars 43 cents per litre for diesel, meaning metropolitan retail sites still selling through pre-excise inventory on Monday and Tuesday are now working through wholesale stock that carries the full 53 point 7 cents per litre excise. Peak forecast pump prices remain at 2 dollars 20 per litre unleaded and 2 dollars 60 per litre diesel by mid August, per RACQ principal economist Ian Jeffreys via ABC News on 2 August 2026.

The record gap between cheapest and dearest unleaded is telling. NRMA reports the price spread from E10 at the cheap end to Premium 98 at the dear end has reached 26 point 5 cents per litre, up from 17 point 4 cents per litre in 2012. That is a record high. For household budgets it means the choice of fuel grade and site can now save more than 26 cents per litre, or roughly 14 dollars 30 cents on a 55 litre fill. In a metropolitan Wednesday cycle rebase, that price spread magnifies. The Australian Automobile Association’s website is silent this morning but the state fuel apps remain the strongest tool for finding a genuine cycle bottom. Use Fuel Check NSW or FuelWatch WA which locks tomorrow’s prices today, plus MotorMouth and PetrolSpy in every state.

Best Wednesday Fuel Actions Right Now

Three practical actions this Wednesday morning while the passthrough compounds. First, if the primary vehicle can be filled this morning, use a fuel finder app for a 5 kilometre scan and take the cheapest independent site with E10 or 91 unleaded available. The 26 point 5 cent record spread between fuel grades means E10 or 91 unleaded is now the household budget play, provided the vehicle handbook supports it. Do not run E10 in a vehicle that does not accept it. Second, use 7 Eleven Fuel Lock to snap the current price for a second tank later in the week. The tool locks the current price for seven days at any nominated 7 Eleven site.

Third, run the state fuel apps in parallel. Fuel Check NSW for New South Wales and ACT, FuelWatch WA for Western Australia, MyFuel NT for the Northern Territory, FuelCheck TAS for Tasmania. Queenslanders use MotorMouth or PetrolSpy directly. Compare all tools before committing. WA is uniquely powerful because FuelWatch locks tomorrow’s prices at 2:30pm the day before, giving Western Australian drivers a full 24 hour price window to plan around.

Wage Price Index Tomorrow: Last Macro Gate

Tomorrow Thursday 6 August at 11:30am AEST the Australian Bureau of Statistics releases the June quarter Wage Price Index. It is the final major macro print before the RBA cash rate decision at 2:30pm AEST on Tuesday 11 August. The March quarter WPI printed 0 point 8 per cent quarterly, 3 point 3 per cent year on year, per the ABS price indexes and inflation hub. Bond and rate strategists watch the WPI as the cleanest read on how sticky domestic wage pressures remain, which flows directly into service inflation and the RBA’s tolerance for holding rates through November.

A soft print, below 0 point 8 per cent quarterly, reinforces the emerging Big Four consensus that the tightening cycle is finished. A hot print above 1 per cent quarterly keeps the November hike scenario alive. RBA chief economist Sarah Hunter told ABC’s The Business on 30 July 2026 that domestic inflation pressures remain and it is “critical that inflation expectations remain contained”, the exact reason the market is watching WPI so closely. Priced In News now shows the market pricing an 11 August hold at 97 per cent per Priced In News on 29 July 2026, with a hike at 2 per cent and cuts at 0 per cent. Interbank overnight indexed swap markets are at 4 per cent hike probability per Commerzbank economist Volkmar Baur via TMGM on 29 July 2026. Governor Michele Bullock’s post decision statement next Tuesday will be the key signal for the November gate.

Household Spending Resilient +0.8 Per Cent June

Contrary to the six week low in consumer confidence reported by Roy Morgan last week, households actually spent more in June. The ABS Monthly Household Spending Indicator released Monday shows spending rose 0 point 8 per cent in June to 81 point 3 billion dollars per Reuters on 4 August 2026. The annual pace lifted to 6 per cent, a three month high. June quarter spending rose 0 point 7 per cent in real terms to 227 point 8 billion dollars. Tom Lay, ABS head of business statistics, singled out new vehicle sales rising 3 per cent as the standout within transport, with electric vehicle sales driving the momentum.

The spending resilience against weakening sentiment is the exact backdrop retailers are pitching winter clearance into. Australian shoppers are still spending discretionary dollars, but Roy Morgan’s tracking shows 39 per cent now actively delay purchases until major sale events, up sharply from a year ago. That means when a genuinely deep discount lands, like today’s Decjuba 70 per cent off winter women’s fashion, the intent to convert is unusually strong. Retailers know it and are matching the intent with the deepest single day clearance discounts of the year.

Grocery Watch: Aldi Wins Basket At 74 Dollars

A cross retailer grocery basket comparison this week from Cuugo Grocery Price Index shows Aldi at 74 dollars 53 cents for a standard weekly basket, Coles at 72 dollars 25 cents, Woolworths at 79 dollars 25 cents, and IGA at 101 dollars 2 cents. All three majors are down week on week: Woolworths 3 dollars 12 cents cheaper, Coles 4 dollars 40 cents cheaper, Aldi 2 dollars 63 cents cheaper. The multi store savings arbitrage is stark: buying every item at whichever store sells it cheapest this week costs 61 dollars 67 cents, saving 12 dollars 86 cents against even the cheapest single store total.

The live basket comparison at ShopHop shows Aldi wins 15 of 20 common basket items. Chicken breast is 3 dollars 99 cents at Aldi versus 9 dollars 43 cents at Woolworths. Beef mince 500 grams is 6 dollars 29 cents at Aldi versus 12 dollars at Coles. Tasty cheese 500 grams is 7 dollars 49 cents at Aldi versus 11 dollars 20 cents at Woolworths. On non promotional pricing, Coles is 4 to 6 per cent cheaper than Woolworths for fresh produce this week, verified in cart in Melbourne postcode 3000, per ShopBack on 30 July 2026. For households running a genuine budget target, the multi store shop, or the Aldi backbone plus Coles fresh top up, remains the strongest weekly play.

Wednesday Top 5 Deals

1Today’s Top
DiscountDecjubaWomen's WearUp to 70 per cent off Decjuba: dresses, tops, knitwear, coats, denim, tailoring and accessories from the Melbourne founded women’s fashion label established in 2008, with Afterpay, Zip, PayPal, and free Australia wide shipping over 100 dollars.70%OFF2Colette HaymanFashionUp to 69 per cent off Colette Hayman: handbags, wallets, jewellery, sunglasses, hats and hair accessories from the Sydney founded fashion accessories retailer trading since 1994, with Afterpay, Zip and free click and collect at over 60 Australian stores.69%OFF3Academy BrandMen's WearUp to 60 per cent off Academy Brand: chinos, jeans, shirts, jumpers, jackets, tees and accessories from the Australian owned men’s fashion label established in 2009, with Afterpay, Zip and free Australia wide shipping over 100 dollars.60%OFF4MyerDepartment StoresUp to 60 per cent off Myer: women’s fashion, men’s clothing, beauty, homewares, kitchenware, small appliances, toys and accessories from Australia’s iconic department store trading since 1900, with Afterpay, Zip, MyerOne, click and collect.60%OFF5Robert GordonHomewaresUp to 60 per cent off Robert Gordon: hand thrown Australian pottery, dinnerware, mugs, jugs, planters and homewares from the Melbourne pottery studio and family run business trading since 1946, with Afterpay and free Australia wide shipping over 150 dollars.60%OFF

Every store in Wednesday’s Top 5 is Australian owned or locally fulfilled. Every discount was verified against the store’s own live sale page this morning. None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Every product ships from an Australian warehouse and is backed by the Australian Consumer Law. Decjuba at up to 70 per cent off is the outright winner this Wednesday morning, with the Melbourne founded women’s fashion label running deep clearance across dresses, tops, knitwear, coats, denim, tailoring and accessories. Colette Hayman at up to 69 per cent off runs handbags, wallets, jewellery, sunglasses, hats and hair accessories from the Sydney founded fashion accessories retailer trading since 1994. Academy Brand at up to 60 per cent off holds chinos, jeans, shirts, jumpers and jackets from the Australian owned men’s fashion label established in 2009. Myer at up to 60 per cent off delivers women’s fashion, men’s clothing, beauty, homewares and small appliances from Australia’s iconic department store trading since 1900. Robert Gordon at up to 60 per cent off runs hand thrown Australian pottery, dinnerware, mugs, jugs and planters from the Melbourne pottery studio family business trading since 1946.

Other Deals Worth A Look

Beyond the Top 5, a handful of other Australian owned or locally fulfilled retailers are worth a Wednesday scroll as the fuel passthrough grinds toward peak. Australian Leather (today’s Top 6 ticker pick) holds up to 50 per cent off Australian made Ugg boots. Portmans is at up to 50 per cent off tailoring, dresses, tops and denim from the Australian owned women’s fashion label. Lee Mathews is at 40 per cent off tops, dresses and knitwear from the Sydney designer label. General Pants is at 30 per cent off youth fashion from the Australian owned denim specialist. Veronika Maine is at 30 per cent off tailoring, dresses and coats. All Australian owned or locally fulfilled, all backed by the Australian Consumer Law.

Week Ahead

Four dates matter for Australian shopper wallets this week. Wednesday 5 August today: Day 3 of the fuel excise passthrough with Sydney and Melbourne metro cycle rebase compounding today. Thursday 6 August at 11:30am AEST: the June quarter Wage Price Index lands from the ABS, the last major macro print before the RBA meeting. Friday 8 August: the RBA finalises its August Statement on Monetary Policy for release with the decision. Monday 10 and Tuesday 11 August: the RBA cash rate decision. Announcement at 2:30pm AEST on Tuesday 11 August, overwhelmingly priced by markets and all Big Four as a hold at 4 point 35 per cent. Mid August between 15 and 20 August: retailers pivot from deep winter clearance to fresh spring stock, so hold discretionary fashion purchases where timing allows for the transition sale window.

Our Take

Wednesday 5 August is Day 3 of a two speed shopping week. On the wallet drag side, the Sydney and Melbourne metro Wednesday retail cycle rebase compounds today with the excise passthrough. The record 26 point 5 cent gap between the cheapest E10 and dearest Premium 98 unleaded is the strongest signal yet that fuel grade choice and site choice now materially matter for a household budget. Where the vehicle handbook allows, drop from Premium to 91 or E10 for this week’s fills. Use 7 Eleven Fuel Lock to snap the current price on a second tank later in the week. On the wallet ease side, the RBA hold on Tuesday 11 August is now 97 per cent priced. Household spending is holding up despite Roy Morgan showing consumer confidence at a six week low. Aldi is winning the weekly grocery basket at 74 dollars 53 cents against Woolworths 79 dollars 25 cents and IGA 101 dollars 2 cents. Retailers are simultaneously running the deepest winter apparel clearance of the year, exactly the window Roy Morgan flagged with 39 per cent of Australian shoppers now delaying purchases until major sale events.

That is exactly why It’s On Sale exists. We track 35,000 Australian stores and 45,000 live sale products, every retailer Australian owned or locally fulfilled, every promotion audited daily against the store’s own price history. No trial traps, no hidden fees, no offshore marketplaces dressed up as a local brand. Today’s Sales shows every store currently running a discount in one place. The AI search reads the way real shoppers ask (try “women’s winter clearance” or “australian pottery homewares”). None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Browse Today’s Sales this Wednesday morning to make your money go further with Australian retailers who stand behind the ticket and the Australian Consumer Law.

It’s On Sale Australia’s home for genuine retail deals. Browse today’s featured stores at itsonsale.com.au.

Neil Fairhead

CEO, It’s On Sale

inConnect

Tuesday morning. Day 2 of the fuel excise passthrough. Metro Brisbane sites are still mostly holding at 1 dollar 99 cents per litre for unleaded, but the first sites have already lifted to 2 dollars 23 to 2 dollars 24, per NRMA chief executive Andrew Baker on ABC News last night. The full transition to peak pump prices of 2 dollars 20 per litre unleaded and 2 dollars 60 per litre diesel will take another 7 to 10 days as the discount inventory in the retail network sells down and higher wholesale cost restocks arrive. That means the metro Monday to Tuesday cycle low still offers the cheapest fill of the week in Sydney, Melbourne and Brisbane. Beyond the bowser, the RBA meeting is now just 7 days out, with market pricing on a hold this morning at 97 per cent per Priced In News and interbank futures pricing a hike at just 4 per cent. Today’s Top 5 opens with Princess Polly at up to 80 per cent off women’s fashion.

Fuel Cliff Day Two: The Slow Grind Begins

Twenty four hours into the excise passthrough and the retail picture is playing out exactly as the ACCC and NRMA flagged: a slow, steady grind rather than an overnight 16 cents per litre jump. NRMA chief executive Andrew Baker told ABC News on Monday 3 August 2026 that most Brisbane and Sydney service stations were still holding Monday morning cycle-low prices around 1 dollar 99 cents per litre for unleaded, with only a small number of sites having already jumped to 2 dollars 23 to 2 dollars 24 as their discount inventory ran out first. Baker described the retail transition as “slow but steady” over the next 7 to 10 days as service stations restock at the higher wholesale rate.

The wholesale cost has already fully repriced. From Monday morning every wholesale unleaded and diesel litre sold in Australia now carries the full 53 point 7 cents per litre excise, up 16 point 4 cents from the 37 point 3 cents temporary rate that expired at midnight Sunday, per the Australian Taxation Office fuel excise duty rates table updated 29 July 2026. Peak forecasts from NRMA and RACQ remain at 2 dollars 20 per litre unleaded and 2 dollars 60 per litre diesel by mid August. Australian shoppers with a car parked at home this Tuesday morning still have a genuine window to lock in a cycle-low fill: run MotorMouth or PetrolSpy for a 5 kilometre scan right now and target the cheapest independent site within range. Sydney and Melbourne cycle bottoms typically hold through Tuesday, with retail rebases arriving Wednesday and Thursday, which is exactly when the excise passthrough will bite hardest.

Best Tuesday Fuel Actions Right Now

Four practical actions this Tuesday morning to buffer the household transport budget as the passthrough compounds through the week. First, fill the primary vehicle at a Tuesday cycle-low independent site before 9am. Independents typically undercut the majors by 8 to 12 cents per litre at the cycle bottom, and Monday to Tuesday remain the low points in the Sydney, Melbourne and Brisbane cycles. Second, use 7 Eleven Fuel Lock to lock the current price on a second tank for later in the week. Register once, lock the current unleaded or diesel price for up to seven days, redeem mid week when average shelf prices have already ground higher.

Third, top up secondary vessels while cycle-low pricing holds. Camper trailer tank, caravan onboard tank, boat outboard, ride on mower jerry cans, workshop supply. Every 20 litre jerry can filled this morning at cycle low saves roughly 3 dollars 40 cents against likely peak week pricing. Fourth, use the state fuel apps for maximum coverage. In NSW and ACT use Fuel Check NSW. In Western Australia use FuelWatch WA which locks tomorrow’s prices today. Northern Territory has MyFuel NT. Tasmania has FuelCheck TAS. Queensland shoppers can use MotorMouth or PetrolSpy directly. Compare all three tools before you commit to a bowser today.

RBA Hold: 7 Days Out, Markets Now 97 Per Cent Priced

The RBA Monetary Policy Board meets on Monday 10 and Tuesday 11 August, with the cash rate decision published at 2:30pm AEST on Tuesday 11 August, exactly 7 days from this morning. Market pricing has tightened further overnight. Priced In News now shows the no change consensus at 97 per cent, up 13 point 3 percentage points in a single day, per Priced In News on 3 August 2026. Central Bank Watch’s poll of Australian economists shows 88 point 9 per cent probability of a hold at the 4 August poll, per Central Bank Watch on 4 August 2026. Interbank overnight indexed swap markets are now pricing an August rate hike at just 4 per cent, down from 20 to 22 per cent before the 30 July June quarter CPI print landed at 3 point 8 per cent.

The Big Four are unanimous. Westpac was the last of the four to capitulate on Wednesday 29 July after the CPI print, scrapping its double hike scenario within hours of the release, per The Broker Times on 31 July 2026. Commonwealth Bank economist Trent Saunders wrote that the June quarter print gives “further evidence that underlying inflation pressures are gradually easing”, with CBA now expecting no more hikes across 2026 and the first rate cut in mid to late 2027, per Commonwealth Bank Economic Insights on 30 July 2026. ANZ concurred that markets “should see the RBA keep rates on hold at its August meeting”, per Mortgage Professional Australia on 29 July 2026. Trimmed mean underlying inflation still sits at 3 point 6 per cent, above the 2 to 3 per cent target band, so Governor Michele Bullock’s post decision statement next Tuesday will be watched closely for guidance on the November decision gate.

Grocery Watch: Milk Up 12 Per Cent, Clothing Down 4 Per Cent

Beyond fuel and mortgages, the silent household bill drag continues in the grocery aisle. ABC News on 1 August 2026 reports that Coles and Woolworths lifted their private label milk prices by up to 12 per cent at the same time in April 2026. Australian Bureau of Statistics data shows overall milk prices are up 6 point 17 per cent since February 2026. Bread is up 1 per cent, cheese up 2 point 2 per cent, while eggs and breakfast cereals have actually posted small declines. Personal care is down 0 point 7 per cent since February. Clothing is down 4 point 2 per cent since February, which reinforces just how deep the current winter apparel clearance discounting is running as retailers push seasonal stock ahead of the mid August spring transition.

Consumer confidence continues to reflect the compounding pressure. The ANZ Roy Morgan weekly consumer confidence index printed 71 point 2 in late July, a six week low and 15 point 5 points below the same time last year, per Capital Brief on 27 July 2026. Inflation expectations lifted 0 point 1 percentage points to 5 point 9 per cent. ANZ senior economist Sophia Angala pointed to the compounding effects of the Middle East conflict fuel spike earlier this year and a gradually easing labour market as the primary weights on sentiment. The Roy Morgan tracking also shows 39 per cent of Australian shoppers now actively delay purchases until major sale events, up sharply on the same time last year. That delay dynamic is exactly what is driving today’s deep winter clearance in the Top 5.

Retail Spending Holds Up Despite Sentiment Weakness

The contrast between sentiment and actual spending is the story analysts are watching closely into next week’s RBA decision. The Australian Retailers Association reported on 29 July 2026 that retail spending rose 5 point 8 per cent year on year to May 2026, hitting 39 point 67 billion dollars for the month. Growth was recorded across every category. Executive director Chris Rodwell noted that shoppers are spending “with greater intent”, trading down where possible but maintaining overall discretionary volumes. That is the exact backdrop the winter clearance is being pitched into: consumers are spending, but they are demanding deep discounts and are quicker to switch stores when a better deal is available.

Wednesday 6 August at 11:30am AEST brings the June quarter Wage Price Index release from the Australian Bureau of Statistics. It is the last major macro print before the RBA meeting the following week and gives the Board a fresh read on how strong wages growth still is against the 3 point 8 per cent June quarter CPI. A soft print reinforces the emerging consensus that the tightening cycle is finished. A hot print keeps the November decision gate genuinely in play.

Tuesday Top 5 Deals

1Today’s Top
DiscountPrincess PollyWomen's WearUp to 80 per cent off Princess Polly: dresses, tops, denim, playsuits, jumpsuits, jackets, activewear and accessories from the Gold Coast founded women’s fashion label established in 2010, with Afterpay, Zip, PayPal and free Australia wide shipping over 50 dollars.80%OFF2Baku SwimwearBeachwearUp to 70 per cent off Baku Swimwear: bikinis, one pieces, tankinis, rash tops, kaftans and beach accessories from the Australian owned swimwear label established in Byron Bay in 1990, with Afterpay, Zip and free Australia wide shipping over 100 dollars.70%OFF3Graham'sHomewaresUp to 60 per cent off Graham’s Jewellers: rings, earrings, necklaces, bracelets and watches from the Australian owned family jewellery retailer trading since 1985, with Afterpay, Zip, PayPal, free Australia wide shipping and free returns.60%OFF4Original Mattress FactoryBedding & MattressesUp to 60 per cent off Original Mattress Factory: pillow top mattresses, memory foam mattresses, ensembles, adjustable bases and bedroom furniture from the Australian owned mattress manufacturer making mattresses in Sydney and Melbourne since 1990.60%OFF5GazmanMen's WearUp to 50 per cent off Gazman: business shirts, chinos, jeans, jumpers, jackets, polos, sportcoats and accessories from the Melbourne men’s fashion label established in 1975, with Afterpay, Zip and free click and collect at over 50 Australian stores.50%OFF

Every store in Tuesday’s Top 5 is Australian owned or locally fulfilled. Every discount was verified against the store’s own live sale page this morning. None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as an Australian brand. Every product ships from an Australian warehouse and is backed by the Australian Consumer Law. Princess Polly at up to 80 per cent off is the outright winner this Tuesday morning, with the Gold Coast founded women’s fashion label running deep clearance across dresses, tops, denim, playsuits, jumpsuits, jackets, activewear and accessories. Baku Swimwear at up to 70 per cent off runs bikinis, one pieces, tankinis and beach accessories from the Byron Bay swimwear label. Graham’s Jewellers at up to 60 per cent off holds rings, earrings, necklaces and watches from the Australian family jewellery retailer trading since 1985. Original Mattress Factory at up to 60 per cent off delivers pillow top mattresses, memory foam mattresses and adjustable bases from the Sydney and Melbourne mattress manufacturer. Gazman at up to 50 per cent off runs business shirts, chinos, jeans, jumpers and jackets from the Melbourne men’s fashion label trading since 1975.

Other Deals Worth A Look

Beyond the Top 5, a handful of other Australian owned or locally fulfilled retailers are worth a Tuesday scroll as the fuel passthrough grinds toward peak. Best and Less (today’s Top 6 ticker pick) holds 30 per cent off women’s, men’s and kids basics from the Australian value fashion chain with over 180 stores nationally. Portmans is at up to 50 per cent off tailoring, dresses, tops and denim from the Australian owned women’s fashion label. Lee Mathews is at 40 per cent off tops, dresses and knitwear from the Sydney designer label. General Pants is at 30 per cent off youth fashion from the Australian owned denim specialist. Veronika Maine is at 30 per cent off tailoring, dresses and coats. The Reject Shop and Wittner also feature current promotions worth checking. All Australian owned or locally fulfilled, all backed by the Australian Consumer Law.

Week Ahead

Four dates matter for Australian shopper wallets this week. Tuesday 4 August today: Day 2 of the fuel excise passthrough. Metro Sydney, Melbourne and Brisbane cycle-low pricing still available at independent sites early morning. Wednesday 6 August at 11:30am AEST: the June quarter Wage Price Index lands from the ABS, the last major macro print before the RBA meeting. Friday 8 August: the RBA finalises its August Statement on Monetary Policy for release with the decision. Monday 10 and Tuesday 11 August: the RBA cash rate decision. Announcement at 2:30pm AEST on Tuesday 11 August, overwhelmingly priced by markets and all Big Four as a hold at 4 point 35 per cent. Mid August between 15 and 20 August: retailers pivot from deep winter clearance to fresh spring stock, so hold discretionary fashion purchases where timing allows for the transition sale window.

Our Take

Tuesday 4 August is Day 2 of a two speed shopping week. On the wallet drag side, the fuel excise passthrough is still working through the retail network, with metro Sydney, Melbourne and Brisbane cycle-low pricing available at independents this morning before the higher wholesale rate catches up mid week. Filling right now, before 9am, at a MotorMouth or PetrolSpy verified independent site is the strongest single fuel savings action a household can take this week. Lock a second tank on 7 Eleven Fuel Lock for later in the week, top up jerry cans and camper trailer tanks while cycle-low pricing holds. On the wallet ease side, the RBA hold on Tuesday 11 August is now 97 per cent priced, with market probability of an August hike at just 4 per cent and all Big Four banks unanimous. That is meaningful monthly household budget breathing room locked in for the second half of 2026. Retailers are simultaneously running the deepest winter clearance of the year, exactly the window Roy Morgan flagged with 39 per cent of Australian shoppers now actively delaying purchases until major sale events.

That is exactly why It’s On Sale exists. We track 35,000 Australian stores and 45,000 live sale products, every retailer Australian owned or locally fulfilled, every promotion audited daily against the store’s own price history. No trial traps, no hidden fees, no offshore marketplaces dressed up as a local brand. Today’s Sales shows every store currently running a discount in one place. The AI search reads the way real shoppers ask (try “women’s winter clearance” or “queen mattress under 800”). None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Browse Today’s Sales this Tuesday morning to make your money go further with Australian retailers who stand behind the ticket and the Australian Consumer Law.

It’s On Sale Australia’s home for genuine retail deals. Browse today’s featured stores at itsonsale.com.au.

Neil Fairhead

CEO, It’s On Sale

inConnect

Monday morning. The temporary 16 cent per litre fuel excise cut ended at midnight last night, and from today the full 53 point 7 cents per litre excise applies at every wholesale sale of unleaded and diesel in Australia. Retail pump prices will not lift the full amount instantly. The ACCC notes that new fuel supplies can take up to 10 days to filter through the retail network as service stations work through the last of the discounted inventory. That means today is the strongest single day of the week to fill up on cycle-low prices, before the higher wholesale cost catches up. Beyond the bowser, the RBA meeting is now just 8 days out, with the Big Four banks now unanimously calling a hold at 4 point 35 per cent for the first time in over a year and money markets pricing a hike at just 3 to 4 per cent. Today’s Top 5 opens with Glassons at up to 54 per cent off womens fashion.

Fuel Cliff Day One: The 10 Day Filter Window Starts Today

Australia’s fuel excise reset landed at midnight last night. From today, Monday 3 August 2026, the full 52 point 6 cents per litre excise applies to all wholesale unleaded and diesel sales, and the biannual Australian Taxation Office indexation ratchet takes the total rate to 53 point 7 cents per litre. That is confirmed on the ATO excise duty rates page updated 29 July 2026. Treasurer Jim Chalmers ruled out a further extension last week, with the temporary relief measure introduced in April 2026 during the peak of the Middle East fuel price spike now fully unwound.

The retail read for Australian shoppers this morning is more nuanced than a simple 16 cent per litre overnight jump. The ABC on 2 August 2026 reports that the ACCC has flagged the retail passthrough will take approximately 10 days to fully filter through the network as service stations sell down their last discount-excise inventory before restocking at the higher wholesale rate. RACQ principal economist Ian Jeffreys projects unleaded pump prices could reach 220 cents per litre and diesel could hit 260 cents per litre within that 10 day window, per the same ABC report. Guardian Australia reports the latest MotorMouth data has Canberra unleaded already at 205 point 6 cents per litre, Darwin at 204 point 4 and Hobart at 200 point 5 on Saturday morning, per The Guardian on 1 August 2026.

Monday Fill Strategy: Cycle Low Meets Filter Delay

Two forces are now working in opposite directions this week. Force one, the price cycle, is a shopper’s friend: Monday sits at or near the cycle low across Sydney, Melbourne and Brisbane in most weeks, with the cycle typically rebasing higher through Tuesday and Wednesday. Force two, the excise passthrough, is a headwind: as the week progresses, retailers restock at the higher wholesale rate and shelf prices grind higher. That combination makes this Monday morning the strongest single fill window of the week for city motorists. Use the MotorMouth or PetrolSpy apps to run a 5 kilometre scan from home this morning and target the cheapest independent site within range, which typically undercuts the majors by 8 to 12 cents per litre at the cycle bottom.

Second tool: if you fill this morning and want to lock the current price for another tank later this week, the 7 Eleven Fuel Lock app allows a lock for up to seven days at any participating 7 Eleven site nationally. Register once, lock the current unleaded or diesel price, redeem mid week when average shelf prices have already grinded higher. Third tool: state government fuel apps offer real time pricing. In NSW and ACT use Fuel Check. In Victoria use the Service Victoria app. In Western Australia use FuelWatch. Northern Territory has MyFuel NT. Tasmania has FuelCheck TAS. Queensland shoppers can use MotorMouth or PetrolSpy directly. Fourth: top up secondary vessels this morning as well. Camper trailer tank, caravan onboard tank, boat outboard, ride on mower jerry cans, workshop supply. Every 20 litre jerry can filled this morning at cycle low saves roughly 3 dollars 40 cents against likely late-week pricing.

RBA Hold: 8 Days Out, Big Four Unanimous For The First Time In A Year

For Australian mortgage households, the second half of this week’s macro story is genuinely reassuring. The RBA Monetary Policy Board meets on Monday 10 and Tuesday 11 August, with the cash rate decision published at 2:30pm AEST on Tuesday 11 August. All four Big Four banks are now aligned on a hold at 4 point 35 per cent for the balance of 2026. This is the first time the Big Four have shared a single cash rate forecast in over a year. Westpac was the last to shift on Wednesday 29 July after the June quarter CPI print landed at 3 point 8 per cent, with chief economist Luci Ellis telling clients the downside surprise on inflation removes the case for a rate hike in August, per The Broker Times on 31 July 2026.

Money markets have moved harder. Overnight indexed swap markets now price an August hike at just 3 to 4 per cent, down from 20 to 22 per cent before Wednesday morning’s CPI print. The offshore banks have gone further still: Goldman Sachs Australia chief economist Andrew Boak scrapped his August hike call the same afternoon and now expects the first RBA move to be a cut in February 2027. JPMorgan Australia chief economist Ben Jarman told clients the hiking cycle is over and the next move will be down in 2027. Canstar estimated that the withdrawn August hike scenario represented a 92 dollar per month increase to minimum repayments on a 600,000 dollar variable rate mortgage over 25 years, per Canstar on 29 July 2026. That is 92 dollars per month household budget breathing room that has now essentially been locked in for the second half of 2026. Consensus among all four majors: hold this month, hold through year end, cuts do not begin until the second half of 2027. Trimmed mean underlying inflation still sits at 3 point 6 per cent, above the 2 to 3 per cent target band, so the November quarterly print remains the next major decision gate for the Board.

Retail Backdrop: Myer Warning Still Weighs

The retail context in which today’s fuel cliff and this week’s RBA hold sit remains fragile. On Monday 27 July, Myer released its FY26 sales update. Total sales rose 11 point 3 per cent to 4 point 08 billion dollars on the back of the apparel brands acquisition, but comparable sales rose just 0 point 7 per cent. Myer shares fell 12 per cent on the day to 23 cents, a four year low, per Reuters on 27 July 2026. June sales fell 5 point 5 per cent month on month, July fell a further 4 per cent, despite heavier promotional activity. Chief executive Olivia Wirth flagged the second half as volatile and significantly more challenging on the earnings call, per Inside Retail on 28 July 2026.

Roy Morgan consumer confidence printed 74 point 7 in June, the lowest reading in the survey’s 40 year history, and recovered only marginally to 75 point 6 in July, still well below the neutral benchmark of 100. Retail trade sentiment printed 66 point 5 in June, the third lowest reading on record for that sector. Wirth pointed to three interest rate increases across the first half of 2026, Middle East fuel price spikes and an unseasonably warm winter that hurt cold weather apparel sell through as the compounding pressures on discretionary shopping. AMP senior economist Diana Mousina told AAP that consumer sentiment sits at recessionary levels but actual spending is holding up better than sentiment suggests, per AAP News on 27 July 2026. Roy Morgan tracking also shows 39 per cent of Australian shoppers now actively delay purchases until major sale events, up sharply on the same time last year. That delay dynamic is exactly what is driving the sharp winter clearance discounting in today’s Top 5 as retailers push winter stock ahead of the mid August spring transition.

Monday Top 5 Deals

1Today’s Top
DiscountGlassonsWomen's WearUp to 54 per cent off Glassons: dresses, tops, denim, jackets, knitwear, activewear and accessories from the Australia and New Zealand owned womens fashion label established in Christchurch in 1985, with Afterpay, Zip, PayPal and free click and collect at over 60 Australian stores.54%OFF2Jac + JackFashionUp to 40 per cent off Jac + Jack: cashmere knitwear, silk tops, dresses, denim and elevated basics from the Sydney designer label established by Jac Cameron and Lisa Dempsey in 2004, with Afterpay, Zip and free Australia wide shipping over 150 dollars.40%OFF3Novo ShoesWomen's FootwearUp to 40 per cent off Novo Shoes: ankle boots, knee boots, heels, sneakers and sandals from the Australian owned womens footwear retailer with stores across Sydney, Melbourne, Brisbane, Adelaide and Perth, with Afterpay, Zip and free click and collect.40%OFF4Rebel SportSport & FitnessUp to 40 per cent off Rebel Sport: running shoes, football boots, gym equipment, activewear and team supporter gear from the Australian sport retailer with over 160 stores across the country, with Afterpay, Zip, PayPal and free click and collect.40%OFF5StrandbagsBags & LuggageUp to 40 per cent off Strandbags: cabin cases, checked luggage sets, backpacks, handbags, wallets and travel accessories from the Australian owned bags specialist trading since 1927, with Afterpay, Zip and free click and collect at over 260 Australian stores.40%OFF

Every store in Monday’s Top 5 is Australian owned or locally fulfilled. Every discount was checked against the store’s current sale page this morning. None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Every product ships from an Australian warehouse and is backed by the Australian Consumer Law. Glassons at up to 54 per cent off is the outright winner this morning, with the New Zealand and Australia owned womens fashion label running deep clearance across dresses, tops, denim, jackets, knitwear, activewear and accessories. Jac + Jack at up to 40 per cent off covers cashmere knitwear, silk tops, dresses and elevated basics from the Sydney designer label. Novo Shoes at up to 40 per cent off runs boots, heels, sneakers and sandals from the Australian owned womens footwear retailer. Rebel Sport at up to 40 per cent off holds running shoes, football boots, gym equipment and activewear from the Australian sport retailer. Strandbags at up to 40 per cent off delivers cabin luggage, checked cases, backpacks and handbags from the Australian owned bags specialist trading since 1927.

Other Deals Worth A Look

Beyond the Top 5, a handful of other Australian owned or locally fulfilled retailers are worth a Monday scroll as the excise passthrough works its way through the pump network. Koala (today’s Top 6 ticker pick) is at up to 30 per cent off mattresses, sofas, bedframes, pillows and dining furniture from the Australian owned direct to consumer bedding and furniture brand. Portmans holds up to 50 per cent off tailoring, dresses, tops and denim from the Australian owned womens fashion label. Lee Mathews is at 40 per cent off tops, dresses and knitwear from the Sydney designer label. Rebel Sport already covered above. Best and Less holds 30 per cent off womens, mens and kids basics from the Australian value fashion chain. Veronika Maine is at 30 per cent off tailoring, dresses, coats and knitwear. Williams Shoes is at 30 per cent off boots and heels from the Australian family footwear chain trading since 1930. All Australian owned or locally fulfilled, all backed by the Australian Consumer Law.

Week Ahead

Three dates matter for Australian shopper wallets between this Monday morning and the RBA meeting decision on Tuesday 11 August. Monday 3 August today: the full 53 point 7 cents per litre fuel excise applies to all wholesale unleaded and diesel sales, with retail passthrough working through the network across the next 10 days according to the ACCC. Wednesday 6 August at 11:30am AEST: the June quarter Wage Price Index lands from the ABS. It is the last major data print before the RBA meeting the following week, and gives the Board a fresh read on how strong wages growth still is against a slowing headline CPI at 3 point 8 per cent. Friday 8 August: the RBA publishes its August Statement on Monetary Policy alongside the meeting decision preparation. Monday 10 and Tuesday 11 August: the RBA cash rate decision, with the announcement at 2:30pm AEST on Tuesday, now overwhelmingly priced by all four Big Four banks and money markets as a hold at 4 point 35 per cent. Mid August spring inventory transitions typically start around 15 to 20 August as retailers pivot from winter clearance to fresh spring stock, so hold discretionary fashion purchases if timing allows for the transition sale window.

Our Take

Monday 3 August is a two speed shopping day. On the wallet drag side, today opens the 10 day fuel excise passthrough window, with RACQ projecting unleaded pump prices reaching 220 cents per litre and diesel 260 cents per litre by the end of that window. Filling this morning at the Monday cycle low, before shelf prices have caught up with the higher wholesale rate, is the strongest single fuel savings action a household can take this week. Use MotorMouth or PetrolSpy for a 5 kilometre scan right now, target an independent site, lock a second tank on 7 Eleven Fuel Lock for later in the week, top up jerry cans and camper trailer tanks while cycle-low pricing holds. On the wallet ease side, the RBA hold on Tuesday 11 August is now essentially locked in, with all four Big Four banks and money markets unanimous. Goldman Sachs and JPMorgan expect the next RBA move to be a cut, not a hike. The 92 dollar per month withdrawn hike scenario on a 600,000 dollar mortgage is now permanent breathing room. Retailers are simultaneously running the deepest winter clearance of the year as they push discretionary stock ahead of the mid August spring transition, exactly the window Roy Morgan flagged with 39 per cent of Australian shoppers now actively delaying purchases until major sale events.

That is exactly why It’s On Sale exists. We track 35,000 Australian stores and 45,000 live sale products, every retailer Australian owned or locally fulfilled, every promotion audited daily against the store’s own price history. No trial traps, no hidden fees, no offshore marketplaces dressed up as a local brand. Today’s Sales shows every store currently running a discount in one place. The AI search reads the way real shoppers ask (try “winter jacket clearance” or “cabin luggage under 200”). None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Browse Today’s Sales this Monday morning to make your money go further with Australian retailers who stand behind the ticket and the Australian Consumer Law.

It’s On Sale Australia’s home for genuine retail deals. Browse today’s featured stores at itsonsale.com.au.

Neil Fairhead

CEO, It’s On Sale

inConnect

Sunday morning, and the fuel cliff is now inside the final 16 hours. The temporary 16 cent per litre excise cut ends at 11:59pm tonight, and the full 52 point 6 cents per litre excise resumes from Monday 3 August. Once the annual inflation indexation is layered on, Australian metropolitan pump prices lift by roughly 17 cents per litre on Monday morning, and Bushletter and The Guardian both report unleaded already tracking above 2 dollars per litre and diesel above 2 dollars 40 cents in some capitals this week. Fill the tanks this morning. Meanwhile the RBA meeting is now just 9 days out, with all Big Four banks and AMP aligned on a hold at 4 point 35 per cent and money markets pricing an August hike at just 3 to 4 per cent, so the mortgage rate you have this Sunday is very likely the rate you have through spring. Today’s Top 5 opens with Cotton On at up to 50 per cent off.

Excise Ends Tonight: 16 Hours To Midnight

The fuel excise unwind is now inside the final 16 hour window. Treasurer Jim Chalmers reconfirmed on Saturday that the temporary 16 cent per litre excise cut, introduced in late April in response to the Iran conflict oil price spike, fully unwinds at 11:59pm tonight, Sunday 2 August. The full 52 point 6 cents per litre excise resumes from Monday 3 August, per the ABC on 2 August 2026. The Australian Taxation Office biannual indexation ratchet layered on top lifts the total rate to roughly 53 point 7 cents per litre once inflation is applied. NRMA head of media Peter Khoury told 7NEWS that the total uplift will be around 17 point 5 cents per litre at most Australian pumps once indexation is included, per 7NEWS on 1 August 2026. Prime Minister Anthony Albanese has publicly ruled out any last minute extension, per Bushletter on 30 July 2026.

The immediate cost read for Australian households is now genuinely painful. Guardian Australia reports on Friday that unleaded petrol is on track to top 2 dollars per litre and diesel above 2 dollars 40 cents in metropolitan capitals from Monday, per The Guardian on 1 August 2026. On a 65 litre tank fill, that is an extra 11 to 12 dollars every time a household fills up from Monday morning. For a two car commuting household filling weekly, the running weekly cost lifts by roughly 22 to 24 dollars. Bushletter estimates the average Australian family spending 3 to 4 dollars extra per week on groceries within three weeks as the Heavy Vehicle Road User Charge also unwinds from 16 point 4 cents per litre back to 32 point 4 cents per litre on Monday, which will filter through to freight costs on supermarket, hardware and appliance deliveries.

Sunday Fill Playbook: The Final Window Closes At Midnight

The Sunday game plan is now down to a five hour window in most metropolitan cycles before shelf prices start climbing ahead of the midnight cutoff. First tool: use MotorMouth or PetrolSpy to scan within a five kilometre radius of home right now, this Sunday morning. Sunday morning typically sits at or just above the cycle low in Sydney, Melbourne and Brisbane; by Sunday afternoon, retailers begin quietly repricing at the bowser ahead of the excise resumption. Second tool: the 7 Eleven Fuel Lock app allows a household to lock the current price for up to seven days at any participating 7 Eleven site. If you have not used Fuel Lock before, download it this morning, register with your mobile number, lock the current unleaded or diesel price now, and redeem the locked price mid week on the second tank. Third tool: Costco Fuel members should hit their local Costco pump this morning; Costco’s standard practice of stable weekly pricing means the Sunday morning price will typically hold into Monday, giving one extra buffer day.

Fourth: top up every fuel storage vessel the household controls before midnight. Primary car tank, second vehicle, camper trailer, caravan onboard tank, boat outboard, ride on mower jerry cans, generator supply, workshop fuel. A single 20 litre jerry can filled this morning saves roughly 3 dollars 40 cents against Monday pricing, and a caravan or camper trailer with a 90 litre tank saves roughly 15 dollars per full fill. The math on a two car commuting household. Filling both tanks Sunday morning at 186 to 188 cents per litre against Monday pricing at 204 to 210 cents saves roughly 22 to 24 dollars across the initial fill. Locking one 65 litre tank on 7 Eleven Fuel Lock and redeeming mid week saves another 11 to 12 dollars. Filling a 65 litre jerry can supply saves another 11 to 12 dollars. Total Sunday morning savings run to 45 to 60 dollars for a two car household against waiting until Monday morning. Do not delay the run past mid afternoon; Sunday evening shelf prices are already progressively climbing across most metropolitan sites, per the Bushletter tracker.

RBA Meeting: 9 Days Out, Hold Consensus Locked

Beyond the fuel window, the second calm Sunday for Australian mortgage households continues. The RBA Monetary Policy Board meets on Monday 10 and Tuesday 11 August, with the cash rate decision published at 2:30pm AEST on Tuesday 11 August. All four Big Four banks and AMP are now aligned on a hold at 4 point 35 per cent. Westpac was the last to capitulate on Wednesday 29 July after the June quarter CPI print, with chief economist Luci Ellis saying the downside surprise on inflation removes the case for a rate hike in August, per The Australian on 30 July 2026. Overnight indexed swap markets now price the probability of an August hike at just 3 to 4 per cent, down from 20 to 22 per cent before Wednesday morning’s CPI print, per The Nightly on 29 July 2026.

The offshore banks have gone further. Goldman Sachs Australia chief economist Andrew Boak scrapped his August hike call after the CPI print and now expects a gradual RBA easing cycle beginning February 2027. JPMorgan Australia chief economist Ben Jarman put it more bluntly, telling clients the RBA’s hiking cycle is over and the next move will be a cut in 2027. Bendigo Bank chief economist David Robertson summarised the local read to Mortgage Professional Australia on 31 July: we expect the RBA to remain on hold with a tightening bias, per MPA on 31 July 2026. Trimmed mean underlying inflation came in at 3 point 6 per cent year on year for the June quarter, still above the 2 to 3 per cent target band, so Governor Michele Bullock retains the option to hike again if the November quarterly print reaccelerates on services or wages. For a variable rate mortgage on 500,000 dollars at 6 point 24 per cent, the withdrawn August hike scenario represents roughly 82 dollars per month saved. The rate you have this Sunday morning is very likely the rate you have through August, September and October.

Retail Backdrop: Roy Morgan Record Low, Myer Half Challenging

The retail context in which the fuel cliff and the RBA hold sit remains visibly weak. Roy Morgan consumer confidence printed 74 point 7 in June, the lowest reading in the survey’s 40 year history, and recovered only marginally to 75 point 6 in July, still deep in pessimistic territory. On Monday 27 July, Myer released its FY26 sales update. Total sales rose 11 point 3 per cent to 4 point 08 billion dollars on the back of the apparel brands acquisition, but comparable sales rose just 0 point 7 per cent, and Myer shares fell 12 per cent on the day, per Reuters on 27 July 2026. Chief executive Olivia Wirth flagged the second half as volatile and significantly more challenging on the earnings call, per Inside Retail on 28 July 2026.

Beyond Myer, the store network retreat continues. Betts, the Australian family footwear chain trading since 1892, confirmed on 26 July it will close 20 of its 35 remaining Australian stores by December, per ABC News on 26 July 2026. The ABS retail trade data released two weeks ago did show retail spending up 5 point 8 per cent year on year to 39 point 67 billion dollars, per the Australian Retailers Association on 25 July 2026, but that growth is concentrated in supermarkets and cafes rather than discretionary categories. Department stores, clothing and footwear, and household goods retailing all sit in negative territory year on year. For Australian shoppers this Sunday, that discretionary weakness is exactly what is driving the aggressive clearance discounting in today’s Top 5 as retailers move winter stock ahead of the mid August spring transition.

Sunday Top 5 Deals

1Today’s Top
DiscountCotton OnFashion & BasicsUp to 50 per cent off Cotton On: mens, womens and kids fashion including tees, denim, dresses, activewear, sleepwear and accessories from the Australian owned Cotton On Group, established in Geelong in 1991, with Afterpay, Zip, PayPal and free click and collect at over 700 Australian stores.50%OFF2KathmanduOutdoor & CampingUp to 50 per cent off Kathmandu: outdoor jackets, tents, sleeping bags, hiking boots, thermals, packs and travel gear from the Australia and New Zealand owned outdoor retailer, established in Christchurch in 1987, with Afterpay, Zip, PayPal and free click and collect at over 90 Australian stores.50%OFF3Lounge LoversFurnitureUp to 50 per cent off Lounge Lovers: sofas, dining tables, chairs, beds, mattresses, rugs and homewares from the Australian owned furniture retailer with showrooms in Sydney, Melbourne, Brisbane and Perth, with Afterpay, Zip and Australia wide delivery.50%OFF4SportitudeSport & FitnessUp to 50 per cent off Sportitude: running shoes, football boots, cross training shoes, apparel and gym gear from the Australian owned specialist running and sport retailer based in Adelaide, with Afterpay, Zip, PayPal and free Australia wide shipping over 100 dollars.50%OFF5SussanWomen's WearUp to 50 per cent off Sussan: knitwear, dresses, tops, denim, sleepwear and lingerie from the Australian owned womens fashion label established in Melbourne in 1939, with Afterpay, Zip and free click and collect at over 100 Australian stores.50%OFF

Every store in Sunday’s Top 5 is Australian owned or locally fulfilled. Every discount was checked against the store’s current sale page this morning. None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Every product ships from an Australian warehouse and is backed by the Australian Consumer Law. Cotton On at up to 50 per cent off is the outright winner this morning on tees, denim, dresses, activewear and sleepwear from the Geelong headquartered fashion group across mens, womens and kids. Kathmandu at up to 50 per cent off runs winter clearance across outdoor jackets, tents, hiking boots and thermals from the New Zealand founded, Australia and New Zealand owned outdoor retailer. Lounge Lovers at up to 50 per cent off covers sofas, dining tables, beds, mattresses and rugs from the Australian owned furniture retailer with showrooms in the four eastern capitals plus Perth. Sportitude at up to 50 per cent off delivers running shoes, football boots and gym apparel from the Adelaide based specialist. Sussan at 50 per cent off holds winter knitwear, dresses, denim and lingerie from the Australian womens fashion label established in Melbourne in 1939.

Other Deals Worth A Look

Beyond the Top 5, a handful of other Australian owned or locally fulfilled retailers are worth a Sunday scroll before the midnight fuel excise cutoff. Typo (today’s Top 6 ticker pick) is at up to 50 per cent off stationery, gift wrap, notebooks, planners, desk accessories and quirky homewares from the Australian owned Cotton On Group brand. Jac + Jack is at up to 40 per cent off womens tops, dresses and cashmere knitwear from the Sydney designer label established in 2004. Lee Mathews holds 40 per cent off womens tops, dresses and knitwear from the Sydney based designer label. Novo Shoes is at up to 40 per cent off womens footwear including boots and heels. Rebel Sport holds up to 40 per cent off sneakers, apparel and gym equipment from the Australian sport retailer. Strandbags is at up to 40 per cent off luggage, backpacks, handbags and wallets from the Australian owned bags specialist. Best and Less holds 30 per cent off womens, mens and kids basics from the Australian value fashion chain. Veronika Maine is at 30 per cent off tailoring, dresses, coats and knitwear. All Australian owned or locally fulfilled, all backed by the Australian Consumer Law.

Week Ahead

Three dates matter for Australian shopper wallets between this Sunday morning and the RBA meeting decision on Tuesday 11 August. Sunday 2 August at 11:59pm tonight: the temporary 16 cent per litre fuel excise cut fully unwinds and the full 52 point 6 cents per litre excise resumes from Monday 3 August, with roughly 17 cents per litre added at metropolitan pumps once inflation indexation layered on. Wednesday 6 August at 11:30am AEST: the June quarter Wage Price Index lands from the ABS, the last key data print before the RBA meeting the following week and the read on how strong wages growth still is against a slowing headline CPI at 3 point 8 per cent. Tuesday 11 August at 2:30pm AEST: the RBA cash rate decision after the two day meeting on 10 and 11 August, now overwhelmingly priced as a hold at 4 point 35 per cent, with the accompanying Statement on Monetary Policy released Friday 8 August as the next big directional catalyst for household mortgage and savings planning through spring. Spring inventory transitions typically start around 15 to 20 August as retailers pivot from winter clearance to fresh spring stock, so hold discretionary fashion purchases if timing allows.

Our Take

Sunday 2 August is the day the fuel countdown becomes real. Tonight at 11:59pm is the cliff, and by Monday morning Australian households are paying 17 cents per litre more at the pump, with unleaded tracking above 2 dollars per litre and diesel above 2 dollars 40 cents in some capitals. Filling both tanks at cycle low this Sunday morning saves roughly 45 to 60 dollars for a two car household against Monday pricing. Use the 7 Eleven Fuel Lock app right now to lock a second tank for the following week. Top up every fuel vessel the household controls: caravan, boat outboard, jerry cans, ride on mower. Do not wait for Sunday afternoon; shelf prices are already climbing across most metropolitan sites ahead of the cutoff. Alongside that, the RBA hold on 11 August is now essentially a done deal, with all four Big Four banks and AMP aligned. Goldman Sachs and JPMorgan now expect the next RBA move to be a cut, not a hike. The rate you have this Sunday morning is very likely the rate you have through spring. The retail backdrop remains weak: Myer flagged a challenging second half, Roy Morgan consumer confidence sits at record lows, Betts is closing 20 stores. That weakness is what is driving the sharp discounts in today’s Top 5.

That is exactly why It’s On Sale exists. We track 35,000 Australian stores and 45,000 live sale products, every retailer Australian owned or locally fulfilled, every promotion audited daily against the store’s own price history. No trial traps, no hidden fees, no offshore marketplaces dressed up as a local brand. Today’s Sales shows every store currently running a discount in one place. The AI search reads the way real shoppers ask (try “winter jacket clearance” or “family car boot cover”). None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Browse Today’s Sales this Sunday morning to make your money go further with Australian retailers who stand behind the ticket and the Australian Consumer Law.

It’s On Sale Australia’s home for genuine retail deals. Browse today’s featured stores at itsonsale.com.au.

Neil Fairhead

CEO, It’s On Sale

inConnect

Saturday morning, 24 hours out from the fuel cliff. The temporary 16 cent per litre excise cut ends at 11:59pm tomorrow night, Sunday 2 August, and the full 52 point 6 cents per litre excise resumes from Monday 3 August, adding roughly 17 cents per litre at metropolitan pumps once the annual inflation indexation is layered on. Sydney metropolitan unleaded retail is currently averaging 187 cents per litre this Saturday morning, and Monday morning it will sit above 204 cents. Fill the tanks today. Meanwhile the second calm weekend for Australian mortgage households continues: with all Big Four banks now aligned on an RBA hold on 11 August at 4 point 35 per cent and money markets pricing a hike at just 3 to 4 per cent, the rate you have this Saturday is very likely the rate you have through spring. Today’s Top 5 opens with Kick Push Skate at up to 80 per cent off.

Fuel Cliff: 24 Hours To Sunday Midnight

The fuel excise unwind is now inside the final 24 hour window. Treasurer Jim Chalmers confirmed on Tuesday 29 July that the temporary 16 cent per litre excise cut, introduced in late April in response to the Iran conflict oil price spike, will fully unwind at 11:59pm on Sunday 2 August. The fuel excise relief will end at midnight on Sunday, Chalmers said, per SBS News on 29 July 2026. The full 52 point 6 cents per litre excise resumes from Monday 3 August. Combined with the annual inflation indexation that resets on 1 August, the pump price uplift on Monday morning is approximately 17 cents per litre at most metropolitan retail sites, per CarExpert on 29 July 2026. Peter Khoury from the NRMA said the increase will likely be 17 cents rather than 16 cents once indexation is layered on: we think it is going to be another cent because of the inflation adjustment, Khoury told SBS on 29 July 2026.

The immediate cost read for Australian households. Sydney metropolitan unleaded is currently retailing at around 187 cents per litre this Saturday morning; Monday morning it will sit above 204 cents per litre. Melbourne, Brisbane and Perth all track within a few cents of that Sydney reference. On a 65 litre tank fill, that is an extra 10 to 11 dollars every time a household fills up from Monday. For a two car commuting household filling weekly, the running weekly cost lifts by roughly 22 dollars, per Bushletter on 29 July 2026. The Heavy Vehicle Road User Charge also unwinds on Monday from 16 point 4 cents per litre back to 32 point 4 cents per litre, which will filter through to freight costs on grocery, hardware and appliance deliveries over the following two to three weeks, per ABC News on 29 July 2026.

Weekend Fill Window: Where To Look, What To Lock

The Saturday game plan for Australian households comes down to three tools and one timing call. First, check the local price cycle this morning. Use MotorMouth or PetrolSpy to compare prices within a five kilometre radius of home right now. In most metropolitan cycles, Saturday morning sits at or near the cycle low, with Sunday afternoon typically the first uptick as retailers reset ahead of the excise resumption. Second, use the 7 Eleven Fuel Lock app to lock the current price for up to seven days at any participating 7 Eleven site. A household can lock this Saturday morning cycle low, drive on the current tank through the weekend, and redeem the locked price mid week on the second tank. Costco members can layer a similar hold via Costco Fuel’s standard practice of stable weekly pricing at the pump. Third, top up every fuel storage vessel the household controls before Sunday night: primary car tanks, second vehicle, camper trailer, caravan, boat outboard, ride on mower jerry cans, and any generator or workshop fuel supply.

The math on a two car commuting household. Filling both tanks Saturday morning at 186 to 188 cents per litre saves roughly 10 to 11 dollars per tank versus Monday pricing at 204 cents, so 20 to 22 dollars across the initial fill. Locking one 65 litre tank on 7 Eleven Fuel Lock and redeeming mid week saves another 10 to 11 dollars. Filling a 65 litre jerry can supply for a caravan or ride on mower saves another 10 to 11 dollars. Total weekend savings run to roughly 45 to 60 dollars per two car household against waiting until Monday, per Carsales on 29 July 2026. Regional and outer metropolitan households will feel the excise unwind sharpest because the local cycle has less spread, so Saturday and early Sunday morning fills are the safest play outside the major capitals. Do not wait for Sunday afternoon; retailers are already progressively lifting shelf prices ahead of the midnight cutoff.

RBA Hold: All Big Four Now Aligned On 11 August

Beyond the fuel window, the second calm weekend for Australian mortgage households continues. On Wednesday 29 July, Westpac became the last Big Four bank to abandon its rate hike call, following the softer than expected June quarter CPI print earlier that morning. Westpac chief economist Luci Ellis told The Broker Times on 30 July 2026 that inflation has been more benign than we feared and the RBA forecast. On Thursday 30 July, the Commonwealth Bank reaffirmed its own hold view. Belinda Allen, CommBank head of Australian economics, wrote that CBA expects the RBA to remain on hold in August and for the remainder of 2026, and now expects RBA rate cuts to commence from early 2027, per CommBank Newsroom on 30 July 2026. NAB and ANZ have held the same view since before the CPI print. AMP’s Shane Oliver joined the consensus on 29 July. That leaves NAB, Commonwealth Bank, ANZ, Westpac and AMP all aligned on a hold on 11 August at 4 point 35 per cent.

Overnight indexed swap markets now price the probability of an August hike at just 3 to 4 per cent, down from around 22 per cent before Wednesday morning’s CPI print, per Switzer Daily on 30 July 2026. The trimmed mean measure of underlying inflation the RBA watches most closely came in at 3 point 6 per cent year on year for the June quarter, below the 3 point 7 per cent consensus and below the RBA’s own 3 point 8 per cent May forecast, per the Australian Bureau of Statistics. That is still above the top of the 2 to 3 per cent target band, so Governor Michele Bullock retains the option to hike again if wages growth or services inflation reaccelerates over the next two prints. For a variable rate mortgage on 500,000 dollars at 6 point 24 per cent, the withdrawn August hike scenario represents roughly 82 dollars per month saved. The rate you have this Saturday morning is very likely the rate you have through August, September and October.

Retail Weakness: Roy Morgan Record Low, Myer Flags Challenging Half

The retail backdrop against which the fuel cliff and the RBA hold sit is visibly weak. Roy Morgan consumer confidence printed 74 point 7 in June, the lowest reading in the survey’s history, and only recovered to 75 point 6 in July, still deep into pessimistic territory. On Monday 27 July, Myer released its FY26 sales update: total sales up 11 point 3 per cent to 4 point 08 billion dollars on the back of the apparel brands acquisition, but comparable sales up just 0 point 7 per cent, and the shares fell 12 per cent on the day, per Reuters on 27 July 2026. Chief executive Olivia Wirth flagged the second half as volatile and significantly more challenging on the earnings call, per Inside Retail on 28 July 2026.

Beyond Myer, the retail autopsy continues. Betts, the Australian family footwear chain trading since 1892, confirmed on 26 July it will close 20 of its 35 remaining Australian stores by December, per ABC News on 26 July 2026. Linc, Gl Store and Barbeques Galore are all in various stages of store network downsizing. The May ABS retail trade data released last week did show retail spending up 5 point 8 per cent year on year to 39 point 67 billion dollars, per the Australian Retailers Association on 25 July 2026, but that growth is concentrated in food retailing and cafes rather than discretionary categories. Department stores, clothing and footwear, and household goods retailing all sit in negative territory year on year. For Australian shoppers this weekend, that weakness is what is driving the sharp discounting in the Top 5: retailers with excess winter stock are moving it aggressively ahead of the mid August spring transition.

Saturday Top 5 Deals

1Today’s Top
DiscountKick Push SkateSkate & ScootersUp to 80 per cent off Kick Push Skate: complete skateboards, decks, trucks, wheels, bearings, protective gear and skate shoes from the Australian owned family run skate specialist based in Melbourne, with Afterpay, Zip and free Australia wide shipping over 100 dollars.80%OFF2SportsgirlWomen's WearUp to 70 per cent off Sportsgirl: dresses, tops, denim, knitwear, coats, activewear and accessories from the Australian owned womens fashion label established in Melbourne in 1948, with Afterpay, Zip, PayPal and free click and collect at over 100 Australian stores.70%OFF3BettsFootwearUp to 50 per cent off Betts: womens and mens shoes, boots, sneakers, sandals and accessories from the Australian owned family footwear chain trading since 1892, with Afterpay, Zip and free click and collect at over 100 stores nationwide.50%OFF4OPSMOpticalUp to 50 per cent off OPSM: prescription frames, sunglasses, contact lenses and eye care from the Australian owned optical chain with over 300 stores, with private health rebates, Afterpay and free eye tests at participating stores.50%OFF5Scooter HutScooters & SkateUp to 50 per cent off Scooter Hut: complete scooters, decks, wheels, bearings, bars and protective gear from the Australian owned scooter and skate specialist with stores across Queensland, NSW, Victoria and online, with Afterpay, Zip and Australia wide shipping.50%OFF

Every store in Saturday’s Top 5 is Australian owned or locally fulfilled. Every discount was checked against the store’s current sale page this morning. None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Every product ships from an Australian warehouse and is backed by the Australian Consumer Law. Kick Push Skate at up to 80 per cent off is the outright winner this morning on complete skateboards, decks, trucks and skate shoes from the Melbourne based skate specialist. Sportsgirl at up to 70 per cent off runs winter clearance across dresses, tops, denim and knitwear from the Australian owned womens fashion label established in 1948. Betts at 50 per cent off catches the family footwear chain in the middle of its store rationalisation, so stock is moving hard. OPSM at 50 per cent off covers prescription frames and sunglasses with private health rebates layered on top. Scooter Hut at 50 per cent off delivers complete scooters and protective gear from the Australian owned scooter specialist.

Other Deals Worth A Look

Beyond the Top 5, a handful of other Australian owned or locally fulfilled retailers are worth a Saturday scroll ahead of the Sunday midnight fuel excise unwind. Sunnylife (today’s Top 6 ticker pick) is at up to 50 per cent off pool floats, outdoor games, esky coolers and beach accessories from the Australian owned lifestyle brand established in Sydney in 2003. Typo is at up to 50 per cent off stationery, gift wrap, notebooks, planners and desk accessories from the Australian owned Cotton On Group brand. Sussan holds 50 per cent off knits, dresses and lingerie from the Australian womens fashion brand established in 1939. Lee Mathews is at 40 per cent off womens tops, dresses and knitwear from the Sydney based designer label. Novo Shoes is at up to 40 per cent off womens footwear including boots and heels. Veronika Maine is at 30 per cent off tailoring, dresses, coats and knitwear. All Australian owned or locally fulfilled, all backed by the Australian Consumer Law.

Week Ahead

Three dates matter for Australian shopper wallets between this morning and the RBA meeting on 11 August. Sunday 2 August at 11:59pm: the temporary 16 cent per litre fuel excise cut fully unwinds and the full 52 point 6 cents per litre excise resumes from Monday 3 August, with roughly 17 cents per litre added at metropolitan pumps. Wednesday 6 August at 11:30am AEST: the June quarter Wage Price Index lands from the ABS, the last key data print before the RBA meeting five days later and the read on how strong wages growth still is against a slowing headline CPI. Monday 11 August at 2:30pm AEST: the RBA cash rate decision, now overwhelmingly priced as a hold at 4 point 35 per cent, with the accompanying Statement on Monetary Policy the next big directional catalyst for household mortgage and savings planning through spring. Spring inventory transitions typically start around 15 to 20 August as retailers pivot from winter clearance to fresh spring stock, so hold discretionary fashion purchases if timing allows.

Our Take

Saturday 1 August is the day the fuel countdown becomes physical. Sunday at 11:59pm is the cliff, and by Monday morning Australian households are paying 17 cents per litre more at the pump. Filling both tanks at cycle low this Saturday morning saves roughly 45 to 60 dollars for a two car household against Monday pricing at 204 cents per litre. Use the 7 Eleven Fuel Lock app to lock a second tank for the following week. Top up every fuel vessel the household controls: caravan, boat outboard, jerry cans, ride on mower. Do not wait for Sunday afternoon. Alongside that, the RBA hold on 11 August is now essentially a done deal, with all four Big Four banks and AMP aligned. The rate you have this Saturday morning is very likely the rate you have through spring. The retail backdrop remains weak: Myer flagged a challenging second half, Roy Morgan consumer confidence sits at record lows, and Betts is closing 20 stores. That weakness is what is driving the sharp discounts in today’s Top 5.

That is exactly why It’s On Sale exists. We track 35,000 Australian stores and 45,000 live sale products, every retailer Australian owned or locally fulfilled, every promotion audited daily against the store’s own price history. No trial traps, no hidden fees, no offshore marketplaces dressed up as a local brand. Today’s Sales shows every store currently running a discount in one place. The AI search reads the way real shoppers ask (try “winter clearance jacket” or “outdoor games”). None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Browse Today’s Sales this Saturday morning to make your money go further with Australian retailers who stand behind the ticket and the Australian Consumer Law.

It’s On Sale Australia’s home for genuine retail deals. Browse today’s featured stores at itsonsale.com.au.

Neil Fairhead

CEO, It’s On Sale

inConnect

Friday morning, 48 hours after the print. The June quarter trimmed mean CPI undershoot at 3 point 6 per cent has now been ratified by every Big Four bank plus AMP: no RBA hike on 11 August, hold priced with better than 96 per cent conviction. Overnight the Commonwealth Bank added its formal reaffirmation, with head of Australian economics Belinda Allen writing that CBA expects the RBA to remain on hold in August and for the remainder of 2026. But Friday is also the day the fuel countdown becomes real. The 16 cent per litre temporary excise cut fully unwinds at 11:59pm this Sunday 2 August, two days from this morning, and Treasurer Jim Chalmers confirmed on Tuesday afternoon that the relief will end at midnight on Sunday. Sydney unleaded is retailing at 186 point 8 cents per litre this morning; Monday morning it will be closer to 204 cents. Fill the tanks this weekend. Today’s Top 5 opens with Showpo at up to 80 per cent off.

Second Calm Morning: The August Hold Is Now Consensus

Two mornings after the softer than expected June quarter CPI print, the picture is calm and stable. The trimmed mean measure of underlying inflation the Reserve Bank of Australia watches most closely came in at 3 point 6 per cent year on year for the June quarter, below the 3 point 7 per cent consensus and below the RBA’s own 3 point 8 per cent May forecast. Yesterday, the last remaining Big Four holdout, Westpac, formally abandoned its rate hike call, and overnight the Commonwealth Bank added its own reaffirmation. Belinda Allen, CommBank head of Australian economics, wrote that CBA continues to expect the RBA to remain on hold in August and for the remainder of 2026, and now expects RBA rate cuts to commence from early 2027, per CommBank Newsroom on 30 July 2026. That leaves NAB, Commonwealth Bank, ANZ, Westpac and AMP all aligned on a hold on 11 August. Overnight indexed swap markets now price the probability of an August hike at 3 to 4 per cent, per FXStreet on 29 July 2026.

The RBA itself has not endorsed a rate cut path yet. Governor Michele Bullock has continued to signal that the board remains prepared to raise rates again if needed and that returning inflation to the 2 to 3 per cent target band remains the primary mandate, per Reuters on 30 July 2026. The trimmed mean at 3 point 6 per cent is still comfortably above the top of that target band. What has changed is the direction: the underlying inflation measure has moved sideways for three consecutive prints, which is enough for the RBA to sit through August and September rather than force a fourth hike into an already visibly weak consumer. For a variable rate mortgage on 500,000 dollars at 6 point 24 per cent that had been priced last week for a 21 per cent chance of an August hike, that risk is now essentially removed. The monthly repayment scenario that would have added roughly 82 dollars per month has been withdrawn, per Finder RBA cash rate tracker. Households can now plan the August budget against a rate that is very likely to hold through spring.

Fuel Countdown: 48 Hours To Sunday Midnight

The fuel excise unwind is now inside the 48 hour window. Treasurer Jim Chalmers confirmed on Tuesday afternoon that the temporary 16 cent per litre excise cut, introduced in late April in response to the Iran conflict oil price spike, will not be extended and will fully unwind at 11:59pm on Sunday 2 August. The fuel excise relief will end at midnight on Sunday, Chalmers said, per SBS News on 29 July 2026. The full 52 point 6 cents per litre excise resumes from Monday 3 August, and combined with the 1 point 5 per cent inflation indexation that resets on 1 August, the pump price uplift on Monday morning is approximately 17 cents per litre at most metropolitan retail sites, per CarExpert on 29 July 2026. Peter Khoury from the NRMA has indicated the increase is likely to be 17 cents rather than 16 cents once indexation is layered on, per Nine on 30 July 2026.

The immediate cost read for households. Sydney metropolitan unleaded retail is currently around 186 point 8 cents per litre; Monday morning it will be closer to 204 cents per litre. Melbourne, Brisbane and Perth sit within a few cents of that Sydney reference. On a 65 litre tank fill, that is an extra 10 to 11 dollars every time a household fills up from Monday, and for a two car commuting household filling weekly, the running weekly cost lifts by roughly 22 dollars, per Bushletter on 29 July 2026. The Heavy Vehicle Road User Charge also unwinds on Monday from 16 point 4 cents per litre back to 32 point 4 cents per litre, which will filter through to freight costs on grocery, hardware and appliance deliveries over the following weeks, per ABC News on 29 July 2026.

Weekend Fill Window: Where To Look, What To Lock

The weekend game plan for Australian households comes down to three tools and one timing call. First, check the local price cycle now. Use MotorMouth or PetrolSpy to compare prices within a five kilometre radius of home this Friday and Saturday morning. In most metropolitan cycles, Friday morning and Saturday morning sit at or near cycle low, with Sunday afternoon typically the first uptick as retailers reset ahead of the excise resumption. Second, use the 7 Eleven Fuel Lock app to lock the current price for up to seven days at any participating 7 Eleven site. That means a household can lock Friday’s cycle low, drive on the current tank through the weekend, and redeem the locked price mid week on the second tank. Costco members can layer a similar hold via Costco Fuel’s standard practice of stable weekly pricing at the pump. Third, top up every fuel storage vessel the household controls before Sunday night: primary car tanks, second vehicle, camper trailer, caravan, boat outboard, ride on mower jerry cans, and any generator or workshop fuel supply.

The math on a two car commuting household. Filling both tanks Friday or Saturday morning at 186 to 188 cents per litre saves roughly 10 to 11 dollars per tank versus Monday pricing at 204 cents, so 20 to 22 dollars across the initial fill. Locking one 65 litre tank on 7 Eleven Fuel Lock and redeeming mid week saves another 10 to 11 dollars. Filling a 65 litre jerry can supply for a caravan or ride on mower saves another 10 to 11 dollars. Total weekend savings run to roughly 45 to 60 dollars per two car household against waiting until Monday, per Carsales on 29 July 2026. Regional and outer metropolitan households will feel the excise unwind sharpest because the local cycle has less spread, so Friday afternoon fills are the safest play outside the major capitals. Do not wait for Sunday; retailers are already progressively lifting shelf prices ahead of the midnight cutoff.

Post EOFY Quiet Window: Spring Inventory Lands Mid August

Friday 31 July closes the June and July retail sale window. The extended EOFY tail that carried Myer, David Jones, JB Hi-Fi and Officeworks through July is now largely done, and the traditional post EOFY discount lull sits between this weekend and the mid August spring inventory drop. ShopBack noted on 24 July that the post EOFY window closes as spring inventory lands from mid August, and shoppers should either close on remaining winter clearance this weekend or wait for the spring transition sales that historically start around 15 to 20 August, per ShopBack on 24 July 2026. The June retail trade data released by the Australian Bureau of Statistics yesterday morning showed department stores down 2 point 1 per cent, clothing and footwear down 1 point 4 per cent, and household goods retailing broadly flat, per AreaSearch retail benchmarks on 30 July 2026. That weakness is the backdrop for what looks like sharper spring transition discounting from mid August through September as retailers work through carryover winter stock.

Practical read for the household spring wardrobe. If a purchase is on the shortlist for this weekend such as a winter coat, ski jacket, boots or a womens knit, this weekend and next week is the window to close it before winter stock is pulled from floor. If the purchase is a spring or summer item such as swimwear, activewear, spring dresses or lightweight jackets, waiting for the 15 to 20 August spring transition drop typically pays off with 30 to 40 per cent introductory offers on fresh stock. Today’s Top 5 leans into that reality: Showpo at up to 80 per cent off is the sharpest cut in the pool on womens fashion and covers both winter clearance and early spring drops. City Chic at 50 per cent off runs the same play in plus size fashion. UGG Express at up to 80 per cent off catches the final winter Ugg boot window before spring. Dusk at 50 per cent off homewares and Eckersleys at 50 per cent off art supplies cover the non fashion side of the household budget where price discipline still applies.

The RBA Pathway: Hold Priced, But Bullock Still Watching

Looking through Friday morning to the RBA cash rate decision on Monday 11 August at 2:30pm AEST, the hold is now overwhelmingly priced. Overnight index swap markets currently attach a 3 to 4 per cent probability to an August hike and a 96 to 97 per cent probability to hold at 4 point 35 per cent, per FXStreet on 29 July 2026. But that is only the near term picture. Governor Michele Bullock delivered a balanced address in Sydney on Tuesday morning that reiterated the board remains prepared to raise rates again if needed, and the accompanying Statement on Monetary Policy released on 11 August will be the next big directional catalyst. TD Securities strategists expect the RBA to remain in pause and observe mode and to wait for the September quarter CPI print due in late October before shifting stance, per FXStreet TD Securities on 29 July 2026.

What that means for the household budget through spring. The rate you have on the mortgage this Friday morning is very likely the rate you have through August, September and October. That does not mean rate cuts are coming; the trimmed mean at 3 point 6 per cent is still comfortably above the top of the 2 to 3 per cent target band. But it does mean the household can plan against a stable variable rate through year end at minimum. If the household home loan sits above 6 point 3 per cent variable, this is the week to refresh three refinance quotes on Canstar, Mozo or Finder. Lenders are pricing aggressively now that hike risk is off the table through spring. On the savings side, top bonus tier savings rates above 5 per cent at UBank, ING and Macquarie will start to slip as banks reprice around a longer hold, per Canstar savings account comparison. Lock any rate that matters this week if emergency savings are not yet parked.

Friday Top 5 Deals

1Today’s Top
DiscountShowpoWomen's WearUp to 80 per cent off Showpo: dresses, tops, denim, knitwear, coats and shoes from the Australian owned online womens fashion label founded in Sydney in 2010, with Afterpay, Zip, PayPal and free Australian shipping over 50 dollars.80%OFF2UGG ExpressUgg BootsUp to 80 per cent off UGG Express: authentic Australian made sheepskin boots, slippers, moccasins and mens boots from the Australian family owned Ugg boot retailer with warehouses in Melbourne and Sydney, with Afterpay, Zip and Australia wide dispatch.80%OFF3City ChicPlus Size FashionUp to 50 per cent off City Chic: plus size dresses, tops, denim, coats, swimwear and lingerie in sizes 12 to 24 from the Australian owned Sydney based plus size fashion specialist, with Afterpay, Zip, PayPal and free returns Australia wide.50%OFF4DuskCandles & HomewaresUp to 50 per cent off Dusk: candles, diffusers, home fragrance, gift sets, throws, cushions and homewares from the Australian owned candle and homewares chain with over 130 stores, with Afterpay, Zip and free click and collect.50%OFF5EckersleysArt & CraftUp to 50 per cent off Eckersleys Art and Craft: canvases, acrylics, oils, watercolours, brushes, sketchbooks and craft supplies from the Australian owned family art supplies chain since 1938, with Afterpay, Zip and free click and collect Australia wide.50%OFF

Every store in Friday’s Top 5 is Australian owned or locally fulfilled. Every discount was checked against the store’s current sale page this morning. None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Every product ships from an Australian warehouse and is backed by the Australian Consumer Law. Showpo at up to 80 per cent off is the outright winner this morning on womens dresses, tops, denim and coats from the Sydney based womens fashion label founded in 2010. UGG Express at up to 80 per cent off catches authentic Australian made sheepskin boots in the final winter window. City Chic at 50 per cent off runs the same play in Australian owned plus size fashion sizing 12 to 24. Dusk at 50 per cent off delivers Australian owned candles, diffusers and home fragrance ahead of Fathers Day gifting on 7 September. Eckersleys at 50 per cent off covers art supplies, canvases and craft essentials from the Australian family owned art supplies chain since 1938.

Other Deals Worth A Look

Beyond the Top 5, a handful of other Australian owned or locally fulfilled retailers are worth a Friday scroll ahead of the Sunday 2 August fuel excise unwind. Nine West (today’s Top 6 ticker pick) is at 50 per cent off womens shoes, boots, heels and handbags from the Australian licensed footwear brand. Sussan is at 50 per cent off knits, dresses and lingerie from the Australian womens fashion brand established in 1939. Lee Mathews holds 40 per cent off womens tops, dresses and knitwear from the Sydney based designer label. Novo Shoes is at up to 40 per cent off womens footwear including boots and heels. Veronika Maine holds 30 per cent off tailoring, dresses, coats and knitwear. UGG Australia is at 30 per cent off classic sheepskin boots, slippers and moccasins alongside sister label UGG Express. All Australian owned or locally fulfilled, all backed by the Australian Consumer Law.

Week Ahead

Three dates matter for Australian shopper wallets between this morning and the RBA meeting. Sunday 2 August at 11:59pm: the temporary 16 cent per litre fuel excise cut fully unwinds and the full 52 point 6 cents per litre excise resumes from Monday 3 August, with roughly 17 cents per litre added at metropolitan pumps. Wednesday 6 August: the June quarter Wage Price Index lands at 11:30am AEST from the ABS, the last key data print before the RBA meeting five days later and the read on how strong wages growth still is against a slowing headline CPI. Monday 11 August at 2:30pm AEST: the RBA cash rate decision, now overwhelmingly priced as a hold at 4 point 35 per cent, with the accompanying Statement on Monetary Policy the next big directional catalyst for household mortgage and savings planning through spring.

Our Take

Friday 31 July is the second calm morning for Australian mortgage households in what has been a bruising winter for cost of living. The trimmed mean did the work, Westpac capitulated on Wednesday, CommBank reaffirmed the hold overnight, and the RBA now sits with four Big Four banks plus AMP aligned on 11 August. The rate you have today is very likely the rate you have through spring. But that stability comes alongside the fuel excise cliff on Sunday night. Filling both tanks at cycle low this Friday or Saturday morning saves roughly 45 to 60 dollars for a two car household against Monday pricing at 204 cents per litre. Use the 7 Eleven Fuel Lock app to lock a second tank for the following week. Top up every fuel vessel the household controls: caravan, boat, jerry cans, ride on mower. Do not wait for Sunday.

That is exactly why It’s On Sale exists. We track 35,000 Australian stores and 45,000 live sale products, every retailer Australian owned or locally fulfilled, every promotion audited daily against the store’s own price history. No trial traps, no hidden fees, no offshore marketplaces dressed up as a local brand. Today’s Sales shows every store currently running a discount in one place. The AI search reads the way real shoppers ask (try “winter clearance jacket” or “candles Fathers Day”). None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Browse Today’s Sales this Friday morning to make your money go further with Australian retailers who stand behind the ticket and the Australian Consumer Law.

It’s On Sale Australia’s home for genuine retail deals. Browse today’s featured stores at itsonsale.com.au.

Neil Fairhead

CEO, It’s On Sale

inConnect

Thursday morning after the print: yesterday’s June quarter CPI undershot on every measure that matters. The trimmed mean printed at 3 point 6 per cent year on year, below the 3 point 7 per cent consensus and firmly below the RBA’s own 3 point 8 per cent May forecast. Headline CPI came in at 3 point 8 per cent versus a 4 point 0 per cent consensus. The ASX 200 rallied 1 per cent to a five month high of 9,038 points, the Australian dollar softened to 69 point 46 US cents, and all four major banks are now aligned on an RBA hold at 4 point 35 per cent on 11 August. August hike pricing collapsed from 21 per cent before the release to 2 point 6 per cent by Wednesday close. Myer Stocktake and David Jones EOFY close tomorrow Friday 31 July, and the 16 cent fuel excise cut fully unwinds at 11:59pm Sunday 2 August, three days from this morning. Today’s Top 5 opens with Mossman at up to 70 per cent off.

The Print That Sealed The August Hold

The Australian Bureau of Statistics released the June quarter Consumer Price Index at 11:30am AEST yesterday, and the numbers were softer than every forecaster on the street had penciled in. Headline CPI slowed to 3 point 8 per cent year on year for the June quarter, down from 4 point 0 per cent in May and below the 4 point 0 per cent consensus. The June monthly headline CPI fell 0 point 1 per cent for a second consecutive month, taking the annual rate to 3 point 8 per cent. Most consequentially for the Reserve Bank of Australia, the trimmed mean measure of underlying inflation the RBA watches most closely printed at 3 point 6 per cent year on year, below the 3 point 7 per cent consensus and below the RBA’s own 3 point 8 per cent May Statement on Monetary Policy forecast, per the ABS Consumer Price Index release for June 2026.

Rachael McCririck, ABS head of price statistics, framed the read plainly. Looking through the bigger price movements, underlying inflation is steady at 3 point 6 per cent in the 12 months to June, the same reading as May, per Reuters on 29 July 2026. TD Securities strategists noted that the trimmed mean undershot the May SoMP forecast and expects the RBA to remain in pause and observe mode at the 11 August meeting, per FXStreet on 29 July 2026. The consensus view before yesterday morning had a 21 per cent chance of a rate hike on 11 August. By Wednesday close that had collapsed to 2 point 6 per cent, per news.com.au on 29 July 2026.

Practical read for households this morning. A variable rate mortgage on 500,000 dollars at 6 point 24 per cent that was priced for a 21 per cent chance of an August hike is now priced for essentially no August hike at all. The monthly repayment scenario that lifted 82 dollars per month if the RBA moved on 11 August is off the table. That is a small but bankable buffer to redirect into the fuel top up window that closes on Sunday night or into a Myer Stocktake purchase before Friday close. It does not mean rate cuts are coming. Marc Jocum at Global X ETFs described the print as the Reserve Bank’s first genuine sigh of relief in months, per AAP News on 29 July 2026, and Josh Gilbert at eToro warned that core inflation at 3 point 6 per cent is still a long way from the 2 point 5 per cent midpoint the RBA is chasing, per Motley Fool Australia on 29 July 2026. The message for households is not celebration; it is stability. The rate you have today is very likely the rate you have on Melbourne Cup Day.

Big Four Aligned On Hold: The Westpac Capitulation

The most consequential shift in the aftermath of yesterday’s print did not come from the market. It came from Westpac. Westpac had been the only remaining member of the Big Four still forecasting a rate hike on 11 August, and yesterday morning chief economist Luci Ellis, who spent three decades at the RBA before joining Westpac, formally abandoned that call. We no longer expect rate hikes by the RBA this year, Ellis wrote. Inflation has been more benign than we feared and the RBA forecast, per news.com.au on 29 July 2026. That leaves NAB, Commonwealth Bank, ANZ and Westpac all aligned on a hold on 11 August for the first time in this tightening cycle. NAB flagged that the print raises the bar to additional tightening further and continues to expect rates on hold this year with a gradual normalisation starting May 2027, per NAB Trade on 29 July 2026.

The market response backed the pivot. The ASX 200 lifted 90 point 80 points or 1 point 01 per cent to close at 9,038 point 6 points, its highest level in almost five months and the third consecutive session up, per Trading Economics on 29 July 2026. All 11 sectors finished higher, led by healthcare up 4 per cent and consumer discretionary up 2 point 4 per cent. Consumer discretionary strength is the tell. Retailers and consumer stocks rallied on the read that softer inflation removes the case for further tightening into an already visibly weak consumer, and that in turn removes downside risk to Christmas trading. The Australian dollar slid to 69 point 46 US cents from 69 point 71 the day before, the weakest level in roughly two weeks, per Trading Economics on the AUD on 29 July 2026. Travellers heading north for the winter school holidays or booking spring international travel should note that lower AUD sits alongside the fuel excise unwind on Sunday; both add to the household cost of movement for August and September.

Myer Stocktake, David Jones EOFY: 48 Hours Left

The two department store post EOFY sales that opened in mid July close by end of trading tomorrow Friday 31 July, exactly 48 hours from this morning. The Myer Stocktake Sale runs up to 61 per cent off select kitchen appliances, up to 50 per cent off personal care and hair tools including Dyson, Shark and GHD, up to 60 per cent off Samsonite and American Tourister travel gear, up to 54 per cent off cookware and up to 20 per cent off select Lego sets. The Myer offers hub lists 68,803 items on sale as of Thursday morning. The David Jones EOFY sale continues alongside on womenswear, menswear, homewares and beauty. Both close by end of Friday 31 July, per ShopBack on 24 July 2026.

Practical read for Thursday and Friday. With the RBA rate call now effectively neutralised until at least September, the pressure to defer a household appliance upgrade, a suitcase before spring travel or a hair tool for a birthday has lifted. If a purchase was already on the shortlist for August, the Myer Stocktake window closes Friday and stock on the sharpest cuts is thinning fast after a full six weeks of trading. Do not expect deeper cuts on Friday; expect stockouts on the sharpest lines. If the item is not on the shortlist, do not manufacture a reason to buy just because the sale ends Friday. Today’s Top 5 features House at up to 50 per cent off across cookware, small appliances and kitchen tools as an alternative Australian owned homewares option that runs beyond Friday, and Macpac at up to 50 per cent off winter down jackets and hiking gear for households heading into the August school holiday snow window in New South Wales and Victoria.

Fuel Excise: Three Days Out And Confirmed

Treasurer Jim Chalmers confirmed on Wednesday afternoon that the 16 cent per litre temporary fuel excise cut will not be extended, and the full 52 point 6 cents per litre excise resumes from 11:59pm Sunday 2 August, three days from this morning. Foreign Minister Penny Wong reinforced the message: the intention is for that to discontinue as of this weekend, per The Nightly on 29 July 2026. Combined with the 1 point 5 per cent inflation indexation that resets on 1 August, the pump price uplift from Monday 3 August is approximately 17 point 5 cents per litre at metropolitan retail sites, per CarExpert on 29 July 2026. On a 65 litre tank fill, that is an extra 11 dollars every time a household fills up from Monday, and roughly 45 to 60 dollars per week for a two car commuting household, per Carsales on 29 July 2026.

Thursday and weekend fuel game plan. National average retail unleaded currently sits between 188 and 190 cents per litre, with diesel at roughly 227 cents, per the ACCC weekly report for the week ending 26 July 2026. Between this Thursday morning and Sunday 8pm, check MotorMouth, PetrolSpy or the free 7 Eleven Fuel Lock app for the cycle low near home. For a two car household, filling both tanks at cycle low this weekend and locking a second tank on 7 Eleven Fuel Lock or Costco Fuel for the seven day price hold saves roughly 45 to 60 dollars over waiting until Monday 3 August. Families with a camper trailer, caravan, boat, jerry can supply or ride on mower should top all of them up between Friday afternoon and Sunday morning. Regional and outer metropolitan sites will feel the excise unwind sharpest because the local cycle has less room to absorb the step change.

The Dovish Buffer And What To Do With It

Thursday 30 July delivers households a small but real buffer. The RBA is not moving on 11 August, mortgage repayments are stable through year end at minimum, and the risk of a fourth rate hike this cycle has been priced out of futures. That freed cash flow of roughly 82 dollars per month per 500,000 dollars of variable rate debt does not need to sit idle. Three concrete moves for the household weekend budget. First, redirect the equivalent of one week of what would have been an August hike buffer into the fuel top up window before Sunday night. Filling two tanks at cycle low Friday or Saturday morning and locking a third tank on 7 Eleven Fuel Lock or Costco Fuel saves roughly 45 to 60 dollars against Monday pricing.

Second, if the household has a variable rate home loan above 6 point 3 per cent, use this week to refresh three refinance quotes on Canstar, Mozo or Finder. Lenders will price aggressively now that hike risk is off the table for August and likely September. The savings account side of the ledger runs the other direction: UBank, ING and Macquarie top bonus tier savings rates above 5 per cent will start to slip as banks re price around a longer hold, per Canstar savings account comparison. Lock any rate that matters this week if the household has emergency savings not yet parked. Third, if a genuine appliance upgrade, small kitchen replacement or winter garment is on the shortlist, Friday closes Myer Stocktake and David Jones EOFY. Today’s Top 5 includes House at up to 50 per cent off homewares and small appliances as the Australian owned alternative that runs beyond Friday for anyone who wants time to compare.

Thursday Top 5 Deals

1Today’s Top
DiscountMossmanWomen's WearUp to 70 per cent off Mossman: dresses, tops, knitwear, coats and pants from the Australian designed womens fashion label based in Sydney, with Afterpay, Zip, PayPal and free Australian shipping over 100 dollars.70%OFF2HallensteinsMen's WearUp to 50 per cent off Hallenstein Brothers: mens shirts, jeans, chinos, jackets, knitwear and tees from the New Zealand founded, Australia and NZ owned mens label since 1873, with Afterpay, Zip and free returns.50%OFF3Healthy LifeHealth & BeautyUp to 50 per cent off Healthy Life: vitamins, supplements, protein powders, mens and womens health, weight management and immunity essentials from the Australian owned online health retailer, with Afterpay, Zip and free shipping over 99 dollars.50%OFF4HouseHomewaresUp to 50 per cent off House: cookware, small appliances, kitchen tools, tableware, storage and bakeware from the Australian owned Global Retail Brands kitchen and homewares chain, with Afterpay, Zip and free click and collect.50%OFF5MacpacOutdoor & CampingUp to 50 per cent off Macpac: down jackets, fleece, base layers, tents, packs, sleeping bags and hiking boots from the New Zealand founded outdoor brand with Australian and NZ stores, with Afterpay, Zip and lifetime warranty on all products.50%OFF

Every store in Thursday’s Top 5 is Australian owned or locally fulfilled. Every discount was checked against the store’s current sale page before publication. None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Every product ships from an Australian warehouse and is backed by the Australian Consumer Law. Mossman at up to 70 per cent off is the outright winner this morning on dresses, tops and winter knits from the Sydney based womens fashion label. Hallenstein Brothers at 50 per cent off is the sharpest cut in the pool on mens shirts, jeans and jackets. Healthy Life at 50 per cent off vitamins and supplements covers the pre spring health reset window. House at 50 per cent off cookware, small appliances and kitchen tools is the Australian owned alternative to the Myer Stocktake that closes tomorrow. Macpac at 50 per cent off down jackets, fleece and tents backs the August school holiday snow window in New South Wales and Victoria.

Other Deals Worth A Look

Beyond the Top 5, a handful of other Australian owned or locally fulfilled retailers are worth a Thursday scroll ahead of Friday’s Myer close and the Sunday 2 August fuel excise unwind. Merchant 1948 (today’s Top 6 ticker pick) is at 50 per cent off mens leather boots, shoes and belts from the New Zealand founded, Australia and NZ owned mens footwear brand since 1948. Sussan is at 50 per cent off knits, dresses and lingerie from the Australian womens fashion brand established in 1939. Lee Mathews holds 40 per cent off womens tops, dresses and knitwear from the Sydney based designer label. Novo Shoes is at up to 40 per cent off womens footwear including boots and heels. Veronika Maine holds 30 per cent off tailoring, dresses, coats and knitwear. David Jones EOFY continues alongside Myer Stocktake before Friday 31 July close on womenswear, menswear, homewares and beauty. All Australian owned or locally fulfilled, all backed by the Australian Consumer Law.

Week Ahead

Four dates matter for Australian shopper wallets between this morning and the RBA meeting. Thursday 30 July (today): RBA Assistant Governor Sarah Hunter delivers a fireside chat later this morning; watch for any signal that the RBA reads the softer print as vindication of the current hold. Friday 31 July: last day of the Myer Stocktake Sale and the David Jones EOFY sale, and June retail trade figures land at 11:30am AEST from the ABS, the first look at how households actually spent through the softer CPI window. Sunday 2 August at 11:59pm: the temporary fuel excise cut fully unwinds and the full 52 point 6 cents per litre excise resumes from Monday 3 August. Monday 11 August at 2:30pm AEST: the RBA cash rate decision, now overwhelmingly priced as a hold at 4 point 35 per cent, with the accompanying Statement on Monetary Policy the next big directional catalyst.

Our Take

Thursday 30 July is the first quiet morning for Australian mortgage households in eight weeks. The trimmed mean did the work overnight. All four major banks agree there is no August hike, futures agree, the Reserve Bank governor’s Tuesday speech is now retrospectively confirmed as balanced rather than hawkish, and the ASX 200 sits at a five month high. That does not mean rate cuts are coming, and it does not mean the cost of living pressure lifts overnight. Housing costs still rose 6 point 8 per cent over the year and food and non alcoholic beverages rose 3 point 3 per cent, per the ABS release. But the immediate uncertainty is over. The rate you have today is the rate you have through spring. Redirect the buffer: fill the fuel tanks before Sunday, lock a savings rate before it slips, and refresh a refinance quote if the household home loan sits above 6 point 3 per cent.

That is exactly why It’s On Sale exists. We track 35,000 Australian stores and 45,000 live sale products, every retailer Australian owned or locally fulfilled, every promotion audited daily against the store’s own price history. No trial traps, no hidden fees, no offshore marketplaces dressed up as a local brand. Today’s Sales shows every store currently running a discount in one place. The AI search reads the way real shoppers ask (try “winter jacket clearance” or “small kitchen appliance sale”). None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Browse Today’s Sales on Thursday morning to make your money go further with Australian retailers who stand behind the ticket and the Australian Consumer Law.

It’s On Sale Australia’s home for genuine retail deals. Browse today’s featured stores at itsonsale.com.au.

Neil Fairhead

CEO, It’s On Sale

inConnect

Wednesday morning: CPI day. The ABS releases the June quarter Consumer Price Index at 11:30am AEST, the last data point before the RBA cash rate decision on Monday 11 August. Consensus is 3 point 7 per cent year on year on the trimmed mean. Below 3 point 7 seals the case for a hold. A 3 point 8 print keeps a hike alive. A 3 point 9 or higher print pushes hike odds sharply higher. Governor Bullock yesterday delivered a balanced hawkish message and futures cut the August hike odds from around 30 per cent to near 20 per cent. Myer shares fell 12 per cent on Monday on a soft sales guide, a dovish consumer signal in its own right. Myer Stocktake and David Jones EOFY close by Thursday 31 July, and the 16 cent fuel excise cut fully unwinds at 11:59pm Sunday 2 August. Today’s Top 5 opens with Decjuba at up to 70 per cent off and closes with Robert Gordon at 60 per cent off.

11:30am Today: The Trimmed Mean That Decides 11 August

At 11:30am AEST this morning the Australian Bureau of Statistics releases both the June quarter Consumer Price Index and the June monthly headline CPI. It is the last major inflation reading before the Reserve Bank of Australia meets on Monday 11 August, and the number that will decide whether the cash rate holds at 4 point 35 per cent or lifts to 4 point 60 per cent, per the RBA Coming Up calendar. Consensus reported by Elias Haddad at BBH sits at a headline of 4 point 0 per cent year on year and a trimmed mean of 3 point 7 per cent year on year (0 point 9 per cent quarter on quarter), matching the March quarter reading and running just below the RBA’s May Statement on Monetary Policy trimmed mean track of 3 point 8 per cent, per the BBH markets note on 28 July 2026.

The read across for the RBA is now well anchored on the trimmed mean, the underlying inflation gauge the board watches most closely. A trimmed mean at or below 3 point 6 per cent skews decisively toward a hold on 11 August, likely with dovish forward guidance and a softer Australian dollar. A print at 3 point 7 to 3 point 8 per cent, in line with consensus and the May SoMP forecast, keeps a hike live but likely delivers a hold with a warning that upside inflation risk has not passed. A trimmed mean at 3 point 9 per cent or above, particularly if services inflation is still above 4 per cent, sharply lifts the probability of a 25 basis point hike to 4 point 60 per cent, per the Watcher.news RBA outlook on 27 July. Abhijit Surya at Capital Economics and Diana Mousina at AMP see the trimmed mean broadly on track with the RBA’s May forecasts, per the PIP Theory CPI preview. Belinda Allen at CBA sees a hold as the base case with an August hike risk on the topside. Taylor Nugent at NAB and Luci Ellis at Westpac still see an August hike as the more likely outcome, per the NAB rate call update on 25 July.

Practical read for households. Anyone with a variable rate home loan or an unfixed portion of a fixed rate loan will hear the CPI print at 11:30am, and rate futures pricing will move within minutes. On a 500,000 dollar home loan at a 6 point 24 per cent variable rate, a 25 basis point August hike lifts monthly repayments by roughly 82 dollars. If the trimmed mean prints at 3 point 9 per cent or higher, expect a scramble for refinance quotes by early afternoon, per the Canstar home loan rate comparison.

After Bullock: Rate Futures Reset From 30 To 20 Per Cent

RBA Governor Michele Bullock delivered her Anika Foundation lunch address in Sydney at 1:05pm AEST yesterday, and the tone was balanced with a hawkish bias. Bullock said the board remains prepared to act as required and is watching services inflation and the labour market closely, while stressing the RBA is patient and data dependent, per the RBA Q and A transcript published 28 July. Bullock did not signal an August hike, and Elias Haddad at BBH read the tone as raising the bar for a hike relative to expectations. Australian dollar rate futures cut August hike odds from around 30 per cent before the speech to roughly 20 per cent by Tuesday close, per the FXStreet BBH note on 28 July 2026. The market is now effectively priced for a hold on 11 August unless the CPI print at 11:30am today surprises to the upside.

The consumer signal from Myer’s Monday share price move reinforces the dovish case. Myer shares fell 12 per cent on Monday 27 July after the company flagged preliminary FY26 sales up just 0 point 3 per cent on a pro forma basis, with June sales down 5 point 5 per cent and July sales down 4 per cent, per Reuters on 27 July 2026. The read across is that discretionary spending remains soft even before any further tightening from the RBA. David Bassanese at Betashares, writing in the Australian on 28 July, argues that a soft trimmed mean today plus a soft consumer signal from Myer removes the case for a pre emptive August hike. A hot trimmed mean today would put the RBA in an uncomfortable position of tightening into a visibly weakening consumer, per Cameron England writing at The West Australian on 27 July.

Myer Stocktake, David Jones EOFY: Two Days Left

The two department store post EOFY sales that opened in mid July close by end of trading on Thursday 31 July, exactly two days from this morning. The Myer Stocktake Sale runs up to 61 per cent off select kitchen appliances, up to 50 per cent off personal care and hair tools including Dyson, Shark and GHD, up to 60 per cent off Samsonite and American Tourister travel gear, up to 54 per cent off cookware and up to 20 per cent off select Lego sets, per Getprice on 27 July 2026. The David Jones EOFY sale continues alongside on womenswear, menswear, homewares and beauty. Both close by end of Thursday 31 July, per ShopBack on 24 July 2026.

Practical read for Wednesday. If a household is upgrading a coffee machine, a small appliance, a suitcase before winter school holiday travel, a hair tool or a Lego set for a birthday, the Myer Stocktake window closes Thursday and stock on the sharpest cuts is thinning. Today’s Top 5 features Myer at up to 60 per cent off precisely because the final 48 hours is now. Do not expect deeper cuts on Thursday; expect stockouts on the sharpest lines. If today’s CPI prints soft and the RBA holds on 11 August, some late Thursday and Friday markdowns may nudge deeper as retailers push through winter inventory. If it prints hot, expect Myer and David Jones to hold pricing firm through Thursday close.

Fuel Excise: The Final Countdown

The 16 cent per litre temporary fuel excise cut fully unwinds at 11:59pm Sunday 2 August, and the full 52 point 6 cents per litre excise resumes from Monday 3 August. Prime Minister Anthony Albanese confirmed on Sunday’s ABC Insiders that the relief will not be extended, per SBS News on 27 July 2026. The ACCC July fuel price report shows national retail petrol at 179 point 5 cents per litre across the five capital cities, up 28 cents per litre since 30 June, with diesel at 214 point 9 cents. From Monday 3 August, expect a further 15 to 18 cents per litre step up at metropolitan retail sites, per IndexBox on the ACCC July 2026 report.

Wednesday game plan on fuel. Check MotorMouth, PetrolSpy or the free 7 Eleven Fuel Lock app for a cycle low near home before Sunday night. On a two car household, filling both tanks today or tomorrow at cycle low, and locking a second tank on 7 Eleven Fuel Lock or Costco Fuel for the seven day price hold, saves roughly 45 to 60 dollars over waiting until Monday 3 August. Families still on winter school holidays should top up jerry cans and any camper trailer or boat tank between Wednesday afternoon and Saturday morning while metro pricing is still relatively low.

11:31am Game Plan: What To Do For Each CPI Outcome

Three scenarios play out from 11:31am AEST this morning. Scenario one, trimmed mean at or below 3 point 6 per cent (soft). The Australian dollar softens, rate futures fully price a hold for 11 August, and refinance broker phone lines are quiet in the afternoon. This is the day to book a refinance appointment for late next week if the household home loan rate is above 6 point 3 per cent, and to lock in high yield savings account rates before deposit takers cut. UBank, ING and Macquarie savings accounts currently sit above 5 per cent per annum on the top bonus tier, per Canstar savings account comparison.

Scenario two, trimmed mean at 3 point 7 to 3 point 8 per cent (consensus). Rate futures unchanged, the Australian dollar holds, and the market continues to price roughly a 20 per cent chance of an August hike. This is a status quo afternoon: keep the refinance quotes ready but do not act, and do not buy anything today at Myer or David Jones on the expectation of deeper cuts on Thursday. Scenario three, trimmed mean at 3 point 9 per cent or higher (hot). The Australian dollar strengthens, rate futures reprice sharply to 60 to 70 per cent probability of an August hike, and refinance broker phone lines will be difficult to book by 2pm. This is the day to call the household mortgage broker before lunch, not after. Every day of delay on a hot print costs the household roughly one 24th of a monthly repayment on the higher rate.

Wednesday Top 5 Deals

1Today’s Top
DiscountDecjubaWomen's WearUp to 70 per cent off Decjuba: winter knits, coats, dresses, blazers, denim, boots and accessories from the Australian owned womens fashion label, with Afterpay, Zip, PayPal and free returns on eligible orders.70%OFF2Colette HaymanFashion69 per cent off Colette Hayman: handbags, wallets, jewellery, hair accessories, occasion pieces and travel bags from the Australian owned accessories retailer, with Afterpay, Zip and free shipping over 60 dollars.69%OFF3Academy BrandMen's WearUp to 60 per cent off Academy Brand: mens shirts, chinos, jeans, jackets, tees and knitwear from the Australian owned Bondi menswear label, with Afterpay, Zip and free Australian shipping over 100 dollars.60%OFF4MyerDepartment StoresUp to 60 per cent off Myer: kitchen appliances, hair tools, cookware, travel gear, mens and womens fashion and homewares in the final two days of the Stocktake Sale, with Afterpay, Zip and Myer One rewards on every dollar spent.60%OFF5Robert GordonHomewaresUp to 60 per cent off Robert Gordon: hand thrown Australian made pottery, dinnerware, mugs, plates, bowls, homewares and gift sets from the Pakenham family owned ceramics maker since 1978, with free shipping over 150 dollars.60%OFF

Every store in Wednesday’s Top 5 is Australian owned or locally fulfilled. Every discount was checked against the store’s current sale page before publication. None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Every product ships from an Australian warehouse and is backed by the Australian Consumer Law. Decjuba at up to 70 per cent off is the outright winner this morning on winter knits, coats and boots, and Colette Hayman at 69 per cent off is the second sharpest cut in the pool on handbags and jewellery. Myer at up to 60 per cent off is a two day play only, closing Thursday. If a rate hike lands on 11 August, buying at these sale prices today with Afterpay locks in the ticket without paying interest.

Other Deals Worth A Look

Beyond the Top 5, a handful of other Australian owned or locally fulfilled retailers are worth a Wednesday scroll ahead of Thursday’s Myer close and the Sunday 2 August fuel excise unwind. Australian Leather (today’s Top 6 ticker pick) is at up to 50 per cent off Australian made ugg boots and sheepskin slippers, hand crafted in Sydney since 1988, worth a look before winter closes out. Hallenstein Brothers holds up to 50 per cent off mens shirts, jackets, knitwear and jeans. Sussan is at 50 per cent off knits, dresses and lingerie from the Australian womens fashion brand established in 1939. Veronika Maine holds 30 per cent off tailoring, dresses, coats and knitwear. David Jones EOFY continues alongside Myer Stocktake before Thursday 31 July close on womenswear, menswear, homewares and beauty. All Australian owned or locally fulfilled, all backed by the Australian Consumer Law.

Week Ahead

Four dates matter for Australian shopper wallets between this morning and the RBA meeting. Wednesday 29 July at 11:30am AEST (today): the ABS releases the June quarter Consumer Price Index and the June monthly headline CPI, the release that fixes the inflation reading heading into the RBA 11 August decision. Thursday 31 July: last day of the Myer Stocktake Sale and the David Jones EOFY sale, plus RBA Assistant Governor Sarah Hunter delivers a fireside chat at 10:30am AEST. Sunday 2 August at 11:59pm: the temporary fuel excise cut fully unwinds and the full 52 point 6 cents per litre excise resumes from Monday 3 August. Monday 11 August at 2:30pm AEST: the RBA cash rate decision, currently priced at roughly a 20 per cent chance of a 25 basis point hike to 4 point 60 per cent, with the CPI print at 11:30am this morning likely to move that pricing sharply in either direction.

Our Take

Wednesday 29 July is one of the most consequential mornings for Australian household finances in the RBA cycle. Three tangible jobs before 11:31am AEST. First, if the household has a variable rate home loan of 400,000 dollars or more, save or print three refinance quotes right now from Canstar, Mozo or Finder so any call to a broker after the print takes 10 minutes, not two hours. Second, if the household is upgrading a small appliance, a hair tool or a suitcase, decide today whether Myer Stocktake at up to 60 per cent off is the right buy, because Thursday closes it. Third, plan a Saturday morning fuel run to lock in cycle low pricing on 7 Eleven Fuel Lock before Sunday night. Every household that gets these three jobs done between this morning and Sunday will be materially better positioned regardless of what the trimmed mean prints at 11:30am.

That is exactly why It’s On Sale exists. We track 35,000 Australian stores and 45,000 live sale products, every retailer Australian owned or locally fulfilled, every promotion audited daily against the store’s own price history. No trial traps, no hidden fees, no offshore marketplaces dressed up as a local brand. Today’s Sales shows every store currently running a discount in one place. The AI search reads the way real shoppers ask (try “winter coat under 100” or “kitchen appliance clearance”). None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Browse Today’s Sales on Wednesday morning to make your money go further with Australian retailers who stand behind the ticket and the Australian Consumer Law.

It’s On Sale Australia’s home for genuine retail deals. Browse today’s featured stores at itsonsale.com.au.

Neil Fairhead

CEO, It’s On Sale

inConnect

Tuesday morning update on the two events that will decide whether the Reserve Bank hikes on 11 August. RBA Governor Michele Bullock delivers her Anika Foundation lunch address in Sydney today at 1:05pm AEST. The ABS releases the June quarter Consumer Price Index tomorrow, Wednesday 29 July, at 11:30am AEST. The 16 cent per litre fuel excise cut ends at 11:59pm on Sunday 2 August, so the full 52 point 6 cents per litre excise resumes from Monday 3 August. Myer Stocktake and the David Jones EOFY sale enter their final days ahead of Thursday 31 July close. Today’s Top 5 opens with Princess Polly at up to 80 per cent off, and closes with Gazman at 50 per cent off.

Bullock Today, CPI Tomorrow: The 24 Hours That Decide 11 August

Between now and 11:31am tomorrow, Australian households learn how likely the Reserve Bank is to lift the cash rate to 4 point 6 per cent on Monday 11 August. RBA Governor Michele Bullock speaks at the Anika Foundation lunch in Sydney today at 1:05pm AEST, her only major set piece before the board meets, per Cameron England writing at The West Australian on 27 July 2026. Governors do not typically pre commit at Anika lunches, but the tone Bullock strikes on services inflation, the June quarter labour market and inflation expectations will move futures pricing before Wednesday morning. Tomorrow at 11:30am AEST, the ABS releases both the June quarter CPI and the June monthly headline CPI, per the RBA Coming Up calendar.

Consensus per Elias Haddad at BBH is a headline of 4 point 0 per cent year on year for the second straight month, with the trimmed mean, the RBA’s preferred underlying gauge, rising to a two year high at 3 point 7 per cent year on year from 3 point 6 per cent in May, per the Mitrade rate preview on 27 July 2026. ANZ Research is at 0 point 9 per cent quarter on quarter and 3 point 7 per cent year on year on the trimmed mean, per the ANZ note reported by MarketScreener on 24 July. Perpetual sees market expectations of 0 point 9 per cent quarter on quarter and 3 point 7 per cent year on year on the trimmed mean, per the Perpetual weekly update on 27 July. The RBA’s May Statement on Monetary Policy pencilled the trimmed mean peak near 3 point 9 per cent, per the PIP Theory CPI preview.

The read across for the 11 August cash rate call. A trimmed mean print at or below 3 point 6 per cent quarter on quarter close to 0 point 8 per cent skews strongly toward a hold, likely with dovish forward guidance and softer futures pricing. A trimmed mean at 3 point 7 to 3 point 8 per cent, in line with consensus, keeps a hike live but likely holds the cash rate at 4 point 35 per cent on 11 August. A print at 3 point 9 per cent or higher on the trimmed mean, particularly with services inflation still above 4 per cent, sharply lifts the probability of a 25 basis point hike to 4 point 60 per cent on 11 August. Rate futures on 27 July priced roughly a 33 to 40 per cent chance of an August hike per Perpetual, so the CPI print will move that pricing quickly in either direction.

Tuesday To Sunday: The Household Preparedness List

Regardless of which way tomorrow’s trimmed mean prints, Tuesday 28 July is a good day for three tangible household jobs before Wednesday morning. First, if the household has a variable rate home loan of 400,000 dollars or more, run a rate check today with Canstar, Mozo or Finder and save or print the top three refinance offers. If Wednesday’s trimmed mean prints at or above 3 point 9 per cent, calls to mortgage brokers on Wednesday afternoon will be difficult to book, and every day of delay on a hot print costs the household roughly one 24th of a monthly repayment on the higher rate. Second, open the household direct debit list and cancel any subscription that has not been used in the last 60 days. Every 10 dollar a month saving locked in this week creates 300 dollars of household headroom over the next 30 months, roughly equivalent to a 25 basis point rate cut on a 300,000 dollar loan.

Third, fill both cars today or tomorrow at cycle low, and lock a second tank on 7 Eleven Fuel Lock or Costco Fuel for the seven day price hold, before the 16 cent per litre fuel excise cut fully unwinds at 11:59pm on Sunday 2 August. Prime Minister Anthony Albanese confirmed on Sunday’s ABC Insiders that the relief will not be extended, per SBS News on 27 July 2026. The ACCC weekly fuel price report published 24 July shows national retail petrol averaging 179 point 5 cents per litre across the five capital cities, up 28 cents per litre since 30 June, with diesel at 214 point 9 cents up 41 point 4 cents, per IndexBox on the ACCC July 2026 fuel report. A two car household that fills today at cycle low and locks a second tank saves roughly 45 to 60 dollars over filling both tanks for the first time on Monday 3 August.

Check MotorMouth, PetrolSpy or the free 7 Eleven Fuel Lock app for a cycle low near home. For families still on winter school holidays, top up jerry cans and the camper trailer or boat tank over Wednesday afternoon into Thursday morning while metro pricing is still relatively low.

Myer Stocktake, David Jones EOFY: Three Days Left

The two department store post EOFY sales that opened in mid July close by end of trading on Thursday 31 July. The Myer Stocktake Sale runs up to 61 per cent off select kitchen appliances, up to 50 per cent off personal care and hair tools including Dyson, Shark, GHD and Philips, up to 60 per cent off travel gear including Samsonite and American Tourister, up to 54 per cent off cookware, and up to 20 per cent off select Lego sets, per Getprice on 27 July 2026. The David Jones EOFY sale runs alongside on womenswear, menswear, homewares and beauty. Both close by end of Thursday 31 July.

Practical read for Tuesday. If the household is upgrading a coffee machine, a small appliance, a suitcase before winter school holiday travel, or a hair tool, the Myer window closes Thursday and stock on the sharpest cuts is already thinning. If Wednesday’s CPI is hot, expect Myer and David Jones to hold pricing through the final 48 hours rather than deepen. If it is soft, some 20 to 30 per cent cuts may nudge to 40 per cent on the final day, but expecting deeper cuts on tight stock lines is a low probability bet. The winter apparel window is the second consideration. Late July is the deepest markdown phase on outerwear, knitwear, boots and thermal base layers, with the sharpest reductions in the last two weeks before spring transitional ranges land, per ShopBack on 24 July 2026.

Amazon Prime Video ACCC Case Still Live

The ACCC has continued its Federal Court proceedings against Amazon Australia and Amazon.com in the United States over unfair contract terms tied to the Prime Video advertising rollout, per Page Seager on 24 July 2026. The core allegation is that Amazon relied on unilateral variation clauses in its subscription contracts to introduce advertising to what was sold as an ad free tier, while also increasing the price of the ad free upgrade. The ACCC estimates more than one million Australian annual subscribers were affected. The case is a test of the strengthened unfair contract terms regime in force since November 2023, which now allows civil penalties, not just declarations that the terms are void.

Practical Tuesday step for any household currently subscribed to Amazon Prime. Log in at amazon.com.au, review the Prime Video ad settings, and decide whether the ad free upgrade is worth the extra outlay. If not, the annual Prime membership can be cancelled at any time and any unused period may be eligible for a partial refund under the Australian Consumer Law. On the wider subscription creep question, this is the right week to open the household direct debit list and cancel or pause anything unused in the last 60 days. If a variable rate home loan repayment lifts 100 dollars a month on 11 August, the household will already have saved 20 to 40 dollars of the shortfall by cutting subscriptions this week.

Tuesday Top 5 Deals

1Today’s Top
DiscountPrincess PollyWomen's WearUp to 80 per cent off Princess Polly: dresses, tops, denim, coats, activewear and accessories from the Gold Coast founded Australian owned womens fashion label, with Afterpay, Zip, PayPal and free returns on eligible orders.80%OFF2BakuBeachwearUp to 70 per cent off Baku Swimwear: one pieces, bikinis, resort wear, cover ups, kaftans and rashies from the Australian owned family run swimwear label, with Afterpay, Zip and free shipping over 100 dollars.70%OFF3Grahams JewellersJewelleryUp to 60 per cent off Grahams Jewellers: diamond rings, gold chains, tennis bracelets, earrings and mens jewellery from the fourth generation Australian family owned jeweller, with interest free finance on selected pieces and free Australia wide shipping.60%OFF4Original Mattress FactoryBedding & MattressesUp to 60 per cent off Original Mattress Factory: pocket spring mattresses, memory foam beds, ensembles, bases and pillows manufactured in Sydney by the Australian owned mattress maker, with 30 night comfort trial, free metro delivery and Afterpay.60%OFF5GazmanMen's WearUp to 50 per cent off Gazman: mens business shirts, chinos, jeans, jumpers, tailoring, jackets and polos from the Australian owned menswear label since 1975, with Afterpay, Zip, free returns and free shipping over 100 dollars.50%OFF

Every store in Tuesday’s Top 5 is Australian owned or locally fulfilled. Every discount was checked against the store’s current sale page before publication. None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Every product ships from an Australian warehouse and is backed by the Australian Consumer Law. Princess Polly at up to 80 per cent off is the outright winner this morning, and Baku Swimwear at up to 70 per cent off is the second sharpest cut in the pool. If a rate hike lands on 11 August, buying now with Afterpay locks the sale price without paying interest.

Other Deals Worth A Look

Beyond the Top 5, a handful of other Australian owned or locally fulfilled retailers are worth a Tuesday scroll ahead of Wednesday’s CPI print and the Sunday 2 August fuel excise unwind. General Pants (today’s Top 6 ticker pick) is at 30 per cent off denim, tees, jackets, dresses and streetwear from the Australian owned youth fashion retailer since 1972, with over 60 stores nationally. Sussan holds 50 per cent off knits, dresses and lingerie from the Australian womens fashion brand established in 1939. Veronika Maine stays at 30 per cent off tailoring, dresses, coats and knitwear from the Country Road Group. Myer Stocktake runs up to 61 per cent off kitchen appliances, 50 per cent off personal care tools and up to 60 per cent off travel gear before Thursday 31 July close, and the David Jones EOFY sale continues alongside. For household bedding, Forty Winks is running up to 50 per cent off mattresses and 30 per cent off furniture per news.com.au’s deals of the week roundup, and Pillow Talk Comfort Club members can stack an extra 40 per cent off clearance. All Australian owned or locally fulfilled, all backed by the Australian Consumer Law.

Week Ahead

Five dates matter for Australian shopper wallets between today and mid August. Tuesday 28 July at 1:05pm AEST: RBA Governor Michele Bullock delivers the Anika Foundation lunch address in Sydney, the last scheduled RBA speech before the CPI print and the August meeting. Wednesday 29 July at 11:30am AEST: the ABS releases the June quarter Consumer Price Index and the June monthly headline CPI, the release that fixes the inflation reading heading into the RBA 11 August decision. Thursday 31 July: last day of the Myer Stocktake Sale and the David Jones EOFY sale, plus RBA Assistant Governor Sarah Hunter delivers a fireside chat at 10:30am AEST. Sunday 2 August at 11:59pm: the temporary fuel excise cut fully unwinds and the full 52 point 6 cents per litre excise resumes from Monday 3 August. Monday 11 August at 2:30pm AEST: the RBA cash rate decision, currently priced at roughly a 33 to 40 per cent chance of a 25 basis point hike to 4 point 60 per cent depending on tomorrow’s CPI print.

Our Take

Tuesday 28 July is a preparedness day, not a spending day. Three tangible household jobs before 11:31am Wednesday. First, if the household has a variable rate home loan, run a rate check today with Canstar, Mozo or Finder and save the top three refinance offers so any call to a broker after the CPI print takes 10 minutes, not two hours. Second, cancel or pause any household subscription that has not been used in the last 60 days, freeing up 20 to 40 dollars a month of headroom before the 11 August cash rate call. Third, fill both cars this week at cycle low and lock a second tank on 7 Eleven Fuel Lock before Sunday to protect against the Monday 3 August full excise unwind. Every household that gets these three jobs done today or tomorrow will be materially better positioned regardless of what the trimmed mean prints tomorrow morning.

That is exactly why It’s On Sale exists. We track 35,000 Australian stores and 45,000 live sale products, every retailer Australian owned or locally fulfilled, every promotion audited daily against the store’s own price history. No trial traps, no hidden fees, no offshore marketplaces dressed up as a local brand. Today’s Sales shows every store currently running a discount in one place. The AI search reads the way real shoppers ask (try “winter jacket under 150” or “family activewear on sale”). None of it is Temu, Shein, AliExpress, Wish or any offshore marketplace dressed up as a local brand. Browse Today’s Sales on Tuesday morning to make your money go further with Australian retailers who stand behind the ticket and the Australian Consumer Law.

It’s On Sale Australia’s home for genuine retail deals. Browse today’s featured stores at itsonsale.com.au.