Last week, Woolworths sold off its Masters home improvement division which had been losing about $200 million a year. All Masters stores will be closed down by December 11 -- but first, it needs to get rid of up to $700 million worth of existing stock. If you're looking to score some cheap paints, white goods, BBQs, electronic appliances or DIY supplies, the sale starts today.
Woolworths is billing its Master closure as the biggest liquidation sale in Australian history with up to 30 per cent off everything store wide. This includes stuff like power tools, weber grills and lawn mowers which are rarely discounted.
As mentioned above, the Masters brand will continue to operate until December 11. This gives the company several months to sell off its existing stock. Much like with Dick Smith, you can expect deals to get better as the final day approaches.
Currently, most items in store are sitting at around 10 per cent off, which you can also get online. Not bad, but far from "fire sale" prices. The trick is knowing when to strike -- buy too early and you might miss out on a better deal, but wait too long and many of the best items will already be gone.
We'll report back with noteworthy discounts if and when they appear. In the meantime, we advise keeping a close eye on the comments section at Ozbargain for the best deals.