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Analyst predicts Australian game prices to drop by 2012 photo

Despite the Australian dollar steadily maintaining parity with the US dollar for quite some time now, most videogame prices still remain painfully high. In what comes as welcome news, Macquarie Bank consumer analyst Rob Blythe predicts people in Australia will not have to fork over mountains of cash for their videogames for much longer. On the back of a consumer report into online spending in Australia, Blythe believes that the disconnection between the dollar's parity and high game prices will soon be something of the past:

Australia has been slow to adapt to international pricing for games, yes, but I think in the second half of this year or at the very least by early 2012 we will start to see game prices in Australia coming down. From my estimates, I predict they'll drop from around A$120 to somewhere around A$70.

If this eventuates, it counts as another success of Australia being brought into line with other countries in terms of interactive entertainment. There's still a long way to go, however. Game delays and other factors remain valid reasons for the importing market to flourish while brick-and-mortar establishments become less enticing. With this price drop, perhaps that will also become nothing but a memory.

Aussie Game Prices To Drop By End Of Year: Analyst [Gamespot Australia]








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26 comments | showing # 1 to 26
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Scared's Avatar - Comment posted on 08/17/2011 06:06
Scared
I can only dream of a day when the prices are that low for console games (with PC games being $10 less hopefully).
Arday's Avatar - Comment posted on 08/17/2011 06:23
Arday
I have been importing games for years because of the prices, and ill continue to do so. This doesn't really affect me but its good news, wish this was across the board. $15 for a cherry coke is total BS.
Paroxysm's Avatar - Comment posted on 08/17/2011 06:34
Paroxysm
I haven't bought a game from an Australia store in... god I can't remember. Maybe a few games from the bargain bin. Everything else digital distribution (often with us accounts if needed) and importing.
MrLefty's Avatar - Comment posted on 08/17/2011 06:37
MrLefty
Well, I have no intention of buying games locally until they do, so if they've any sense they'll do it sooner rather than later.
Jaysun  Lee's Avatar - Comment posted on 08/17/2011 06:39
Jaysun Lee
Yeah... No. Even at $70RRP, getting games from OzGameShop/Zavvi/dvd.co.uk is still cheaper.
SxSW's Avatar - Comment posted on 08/17/2011 06:41
SxSW
so damn spendy, if I can I'll get it digitally, typically cheaper
Darkmessiah24's Avatar - Comment posted on 08/17/2011 06:42
Darkmessiah24
I'd pay a brand new game for $70.
Scuffles's Avatar - Comment posted on 08/17/2011 06:55
Scuffles
Good Australian game pricing can at present only be described as regional price gouging.
Spite's Avatar - Comment posted on 08/17/2011 06:58
Spite
About damn time. You're lucky if you can buy a three year old used game for $70 here.
josmeister's Avatar - Comment posted on 08/17/2011 07:03
josmeister
I am happy for them.
Manthai's Avatar - Comment posted on 08/17/2011 07:04
Manthai
I really hope this is true and that it ripples through to console and NZ prices. I have my doubts though.
Korolev's Avatar - Comment posted on 08/17/2011 07:10
Korolev
This bank analyst doesn't know what he's talking about. I've never seen a normal game sell for more than 109 dollars, even at EB games. Usually they cost around 90~99 AUD. As for whether or not they'll drop to 70, don't count on it.
salamagogo's Avatar - Comment posted on 08/17/2011 07:14
salamagogo
I feel for you austrailian gamers. Why would anybody there purchase locally as opposed to online? Is the final price plus shipping so close to the 120 mark that people say "screw it" and just buy from a store? There is no reason for games to be priced so high and those responsible should be hogtied, battered and teabagged.
Mr mew's Avatar - Comment posted on 08/17/2011 07:28
Mr mew
Honestly I've been seeing this happen, but not in the sense it's a permanent price drop. For a while EB and GAME have had sales going where a number of titles are under $70; they finish one sale just to start another. At first I thought prices were slashed because most of the games I'd seen would be considered modestly average in review score (E.g. Duke Nukem: Forever), but it's quite a number of games which come in cheaper than the typical $100 mark.

Whether this 'prediction' the analyst made has actually come into effect, only retailers are turning it into a faux sale to get consumers to purchase more games is unknown. I can't honestly imagine seeing new console releases going under $90. Although apparently once upon a time Virtua Fighter cost $170, and I vaguely recall new release PS1 games stretching to $80 at the most. So who knows.
Mr mew's Avatar - Comment posted on 08/17/2011 08:06
Mr mew
Oh yeah, and if you fold an Australian $5 note over the Queen's head just past her chin (leave a little of her hair in) it looks like a whale sucking dick.

For all you conspiracy theorists out there.
GriffinFelix's Avatar - Comment posted on 08/17/2011 08:16
GriffinFelix
I just paid $22,87 for an iPad2-64GB and my girlfriend loves her Panasonic Lumix GF 1 Camera that we got for $38,76 there arriving tomorrow by UPS. I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $675 which only cost me $71,32 to buy. Here is the website we use to get it all from, http://bit.ly/qNNVG2
Mitchell Osborne's Avatar - Comment posted on 08/17/2011 08:26
Mitchell Osborne
It freaking better.
It's about damn time.
pokota's Avatar - Comment posted on 08/17/2011 08:33
pokota
What's the cat doing on the top coin? Playing tennis?
Sexualchocolate's Avatar - Comment posted on 08/17/2011 08:50
Sexualchocolate
About a decade ago my folks wanted to move to Australia as we have a lot of family over there.

No M/18 rating and $120 games are two major things that put me off.


Dear Australia, sort your shit out and I'll think about coming to live there again.

Thanks.
pokota's Avatar - Comment posted on 08/17/2011 09:05
pokota
I've thought about visiting Australia, except spiders.
coakroach's Avatar - Comment posted on 08/17/2011 09:29
coakroach
Paying $100 for a game is total bullshit.
jjjenigma's Avatar - Comment posted on 08/17/2011 12:33
jjjenigma
I would absolutely love to see this happen but consider me sceptical
RaptorShadow's Avatar - Comment posted on 08/17/2011 15:57
RaptorShadow
There's no way in hell EB will give up the money it makes. People are still wary about buying online and the appeal of the hard copy keeps people buying.

EB do good sales. The problem is when you see things like new versions of games being CHEAPER than used copies. And the fact that Call of Duty 4, which is now nearly five years old, is still being sold for $70. Shit like that makes me puke.
JFF's Avatar - Comment posted on 08/17/2011 16:09
JFF
Is there any tax incentives from the government? Because here in Brazil I'm hearing the same thing from 20 years.
lotuseater20's Avatar - Comment posted on 08/17/2011 18:38
lotuseater20
Wow! But also... HOLY SHIT @ Jaysun Lee... I didn't know that stuff existed... Oh lord. I AM GOING TO HAVE SO MANY GAMES NOW.
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