Home Brand Myths Busted - How to cut your grocery bill practically in half
Homebrands are slightly cheaper than the big brands, but not as good, right?
While that might have been the case in the past, it’s no longer true according to these experts.
A Nine News Investigation recently busted the homebrand myth and uncovered how shoppers can save hundreds of dollars on their next grocery bill without sacrificing on quality.
Budgeting expert Michelle House compared the prices of homebrand sugar, flour, butter, barbecue biscuits, shredded cheese and baked beans products at Coles, Aldi and Woolworths.
The investigation revealed Aldi’s basket was the cheapest at $11.23, followed by Woolworths ($11.95) and Coles ($12.20) while the big brand products were nearly twice as much at $21.95.
But what is really changing is the quality of homebrands and the view that most consumers hold about them.
Canstar Blue reports 77 per cent of consumers believe homebrands are good quality.
“The gap between big name brands and homebrand is shrinking all the time,” said spokesperson Simon Downes.
The most commonly purchased homebrand items according to Canstar are items we purchase several times per week, such as bread and eggs, while the items we are more likely to buy from brands include tea, coffee, soft drink, chocolate and chips.
However, Simon Downes believes often the only real difference is the price tag.
“Sometimes the supermarkets use the same suppliers as the big name brands for their homebrands so not only is the quality good, actually there’s minimal difference,” he said.
QUT Business School’s Dr Gary Mortimer said the rise of Aldi brands is prompting supermarkets to release ‘phantom brands’, such as the Woolworth’s owned Hillview label.
“Supermarket homebrand products have come a long way from the cheap generic products that we often used to see at the very bottom shelves of supermarkets,” he said.
“Brands that are essentially homebrand products, but they look like brands, and consumers see those as being great value and great quality.”