You've got until Thursday to buy a PS5 in Australia before the AU$170 price hike comes into effect - here's where the best prices are at the moment

Sony announced its third major PS5 price hike on Saturday morning, and it's the steepest rise yet: from Thursday, April 2, the base PS5 disc model will rise from AU$829.95 to AU$999.95 in Australia.

The PS5 digital edition, PS5 Pro and PlayStation Portal are also affected, as follows:

• PS5 – AU$999.95 RRP (up from AU$829.95)
• PS5 Digital Edition – AU$919.95 (up from AU$749.95)
• PS5 Pro – AU$1,399.95 (up from AU$1,199.95)
• PlayStation Portal – AU$389.95 (up from AU$329.95)

If you've already got a PS5 at the moment: congratulations, you don't have to worry for now. But for anyone who has been considering a PS5 purchase, there's a whole lot more urgency involved.

In the vast majority of cases, few retailers are offering the PS5 at a discount at the moment. Which would normally be annoying, but it's preferable to how much they'll cost on Wednesday!

Here's a list of retailers selling the PS5 disc model at RRP:

PS5 disc model

Most of the big, reputable retailers are sticking to the RRP for the PS5 disc model, as follows:

• Amazon - AU$829
• JB Hi-Fi - AU$829
• The Gamesmen - AU$829
• EB Games - AU$829
• Big W - AU$829
• Target - AU$829

PS5 digital edition

The digital edition, on the other hand, is going marginally cheaper than its current, soon-to-rise RRP of AU$749 at several outlets:

• Mobilciti eBay - AU$717.99
• The Gamesmen eBay - AU$729.95
• JB Hi-Fi - AU$749
• EB Games - AU$749
• Big W - AU$749
• Target - AU$749

PS5 Pro

If you're after a PS5 Pro, several retailers are offering the current, soon-to-rise RRP of AU$1,199:

• JB Hi-Fi - AU$1,199
• EB Games eBay - AU$1,199.95
• The Gamesmen eBay - AU$1,199.95
• Target - AU$1,199

Why is the PS5 getting yet another price rise in Australia?

Sony attributes the latest PS5 price hike to the "continued pressures in the global economic landscape". Reading between the lines, this is alluding to the ongoing memory and storage crisis attributable to the AI data centre boom. In other words, it's AI.

Will the PS5 ever be discounted following the price hike?

If history is any indication, yes. Following the 2025 increase from AU$799 to AU$829, Sony offered super steep discounts on the PS5 during its 2025 Days of Play event, which ran from May 28 to June 11 last year. The base model, for example, went for as little as AU$629.

It's unlikely we'll get a discount that steep again. It's also not guaranteed we'll see any discount at all, since the storage and memory crisis had yet to kick off in May last year. Still, if Sony is going to offer a significant discount on the PS5, it's probably going to happen during its next Days of Play event, which typically kicks off in late May.