Effective 1st July 2024 - Australia Post Price Increases for Prepaid Parcel Post and Express Post Satchels
In 2024 small online businesses still believe Auspost prepaid satchels are a convenient and cost effective way to post their goods. Back in 2019, Australia Post announced the innovative changes to their prepaid satchel system where as long as you can fit your item in the satchel then it will be sent. This created new opportunities to take advantage of the New Auspost Prepaid system and if you would like a detailed read please click here to see how your online business can benefit.
Now in 2024, Australia Post have announced new Price Changes Effective 1st July 2024 for both Prepaid Parcel Post and Express Post Satchels. So along with the rising cost of living and the continuous RBA interest rate hikes, Australia Post is also delivering in its own Price increase.
See below for the New Prepaid Parcel Post Pricing from 1st July 2024:
| Prepaid product | Small | Medium | Large | Extra large |
|---|---|---|---|---|
| Parcel Post satchel and postage |
355 x 225mm
$11.30 |
390 x 270mm
$15.30 |
405 x 315mm
$19.35 |
510 x 440mm
$23.35 |
See below for New Prepaid Express Post Satchels Pricing from 1st July 2024:
| Prepaid product | Small | Medium | Large | Extra large |
|---|---|---|---|---|
| Express Post satchel and postage |
355 x 225mm
$14.80 |
390 x 270mm
$19.30 |
405 x 315mm
$23.85 |
510 x 440mm
$31.85 |
Key Takeaways:
- 2024 Price increase from 3.6% to 5.4% for All Australia Post Prepaid Parcel Post & Express Post Satchels, effective 1st July 2024.
- Australia Post have increased prepaid parcel prices every year since 2019 when the New "If it fit we will send" policy was adopted.
- For businesses who have an MyPost or eParcel/Parcel Send account there were consistent price increases of around 5% in 2019, 2020, 2021, 2022, 2023 and most likely a similar price hike towards the end of 2024. Australia Post's rationale for these increases is that they see MyPost and eParcel accounts as B2B products whereas prepaid satchels are often used by everyday Australian and classified as B2C products.
Overall given the price differentials between Australia Post Prepaid Satchels and their business accounts are narrowing it make sense to take another look at the Prepaid Parcel Post & Express Satchels, to see if it make sense to use it on your eCommerce business.
And of course if you need plain satchels Click Here to see our extensive range of mailing satchels when printing your own labels via MyPost or eParcel.
Always bringing you value to your eCommerce journey,
Bill Li
Director
Awesome Pack