Sydneysiders are now the biggest online spenders in Australia, overtaking Melbourne by 5.7 per cent and spending more than double the amount per transaction, according to the latest quarterly Online Retail Report from eCommerce company, eWAY.
Through the report, eWAY found online retail sales for 2015 to quarter end was $14.3 billion with yearly totals set to surpass the 2014 record of $16.6 billion.
The report also discovered that Australians spent $4.98 billion online in the third quarter of 2015, a 15.2 per cent increase on the previous comparable period.
Another highlight of the third quarter of 2015 included Queensland residents in Morningside and Toowoomba found as the top online shoppers by total spend, while spending of residents in Wentworthville ($2.34 million) and Blacktown ($1.99 million) in New South Wales boosted considerably to make it in the top 20 regional centres for total online spend.
“Online retail still has significant growth potential in Australia. All signs are indicating 2015 is going to be a record year for Australian eCommerce, and hopefully good news for Aussie small businesses,” said EWAY founder and chief executive, Matt Bullock.
“With a low Australian dollar during this quarter, physical purchases sent to international postcodes were up 26.4 per cent, showing a clear opportunity for local businesses to start accepting other currencies such as US dollars on their websites.”