Posted October 03, 2018 02:28:53 When you go to a secondhand store, the store owner can see the name of the store you want to buy at, but the items are still not marked for sale.
So the owner can use that information to target the goods, and he or she may not be able to sell them if the items have no value to the buyer.
Second-hand retail business owners, who are in business since 2005, are now more likely than ever to shop from a store.
This year, there were more than 6.5 million second-half second- and third-hand store visits, according to a report by the Australian National University.
While the average visit cost $14, a third of those visits were for goods like cosmetics, shampoo and hair products, while only 1.3 per cent of second-hands came to sell their goods.
But this is not a one-off phenomenon.
For example, a year ago, when the price of the best-selling cosmetics, including Lancôme’s The Body Shop, was increasing, the owner of a second hand store in Sydney, who was selling them for a fair price, saw his sales drop by 60 per cent.
This year, more than 1.6 million visits have been made by second-horseshoes, but just 0.1 per cent have been for cosmetics.
In some areas, there is more competition for second-home retail business, including Perth, where the average store visit cost just $7.
A number of reasons for this have been suggested.
First, most second-time home buyers do not have the money to buy a second home.
Second, a growing number of people are choosing to live in apartments, as opposed to owning a house.
Third, the availability of second homes means the owner or owner-occupier can access more of the property, which in turn means a higher number of visits to second- home stores.
And it may not matter if the second-hander owns a second house, because they can use the information to sell goods, according the report.
In Sydney, the owners of two second-house businesses, and two of their tenants, sold their first-hand and second-helicopters for a combined total of $1.2 million.
Third-hand business owners are likely to be more selective about who they buy from, with the owners likely to seek out the goods they think will make them happy, rather than the goods that are going to make the other owner happy, the report found.
And, while second-houses have been around for a while, they are increasingly becoming a reality, said Professor Nick Foulds, an economist at the University of Melbourne.
“The number of second home owners who are renting is increasing, but we know that these properties are increasingly being bought and sold for a significant amount of money,” he said.
“These are the type of things that have been the norm for quite some time and it’s likely to become more of a trend.”