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Old 03-03-2024, 09:54 AM   #2941
kevino
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Default Re: Australia housing bubble

Go onto any IGA and there will be loss leaders esp chicken meat dairy.
One near me had lamb legs around 7 or 8 $ a kilo.
Get em in to buy the basics and pray they buyer higher margin priced stuff at the same time.
Good business tactic.
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Old 04-03-2024, 09:16 AM   #2942
raised by monkeys
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Default Re: Australia housing bubble

I go to IGA to buy $9 per kg rump slabs and $12 scotch and then go to Coles for others. Although i notice that IGA bananas are often < $3 kg where as Coles standard now is $4, at least IGA is local money.
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Last edited by raised by monkeys; 04-03-2024 at 09:24 AM.
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Old 05-03-2024, 03:11 PM   #2943
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Default Re: Australia housing bubble

Quote:
Originally Posted by raised by monkeys View Post
I go to IGA to buy $9 per kg rump slabs and $12 scotch and then go to Coles for others. Although i notice that IGA bananas are often < $3 kg where as Coles standard now is $4, at least IGA is local money.
IGA has some of the best deals on meat, there is an IGA where I go for work once a week and I usually drop in and buy steak and chicken if they have the deals on.

Not only that, the meat is better quality than the other two criminal corporations where I NEVER buy meat.

The only other place I get meat is Aldi, Pork mince under $8 a kilo (great for taco's pasta, lasagna, Asian Mince Recipes etc) and I get the burger mince for home made hamburgers.


Quote:
Originally Posted by T3rminator
False. Worked for a retailer that did deals and stunts to bring customers in, hoping sale of other goods will more than make up for a single product, and then there is the prospect of repeat business.
Yes, but a bit different to just selling stuff at a loss.


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Originally Posted by T3rminator
Who am I to argue with the butcher?
They affectionately call our local butcher 'The Rap!$t', and the title is well deserved for his predatory pricing.

I would not believe a word he utters and I do not give him my money.

He has also been known to steal meat when doing kills for local farmers. Local farmers recently discovered that they consistently get an additional 30-40kg of meat per animal when sent to the abattoir than when he processes them.

But all that is getting very off topic.
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Old 05-03-2024, 04:07 PM   #2944
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Default Re: Australia housing bubble

So where does the RBA shop to get their "basket of goods" prices to calculate inflation?

By the sounds of it, certainly not IGA.
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Old 05-03-2024, 04:28 PM   #2945
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Default Re: Australia housing bubble

Thomas Dux?

More on-topic, a friend took a bath on his tidy and central inner-city studio auction last weekend. Reserve 400, sold after the auction (same day, on site) for barely 360. Part of me thinks maybe the market is down, part of me wonders if the agent hustled him just to close a sale.
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