The Lifespan of Large Appliances Is Shrinking
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,682,971 (+0.24%)       Melbourne $1,026,232 (+0.18%)       Brisbane $1,127,607 (-0.35%)       Adelaide $1,032,810 (+0.29%)       Perth $1,081,273 (-0.17%)       Hobart $845,389 (+0.45%)       Darwin $830,209 (+1.52%)       Canberra $1,009,978 (-0.59%)       National Capitals $1,136,677 (+0.10%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $808,800 (0%)       Melbourne $553,737 (-0.56%)       Brisbane $736,361 (-1.42%)       Adelaide $576,199 (-0.51%)       Perth $634,955 (+1.03%)       Hobart $586,666 (+1.35%)       Darwin $496,674 (-0.23%)       Canberra $476,191 (-1.45%)       National Capitals $627,529 (-0.22%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 15,214 (+14)       Melbourne 16,401 (-30)       Brisbane 11,924 (+42)       Adelaide 3,958 (+110)       Perth 9,319 (+18)       Hobart 769 (+9)       Darwin 189 (+1)       Canberra 1,277 (+12)       National Capitals 59,051 (+176)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,567 (+11)       Melbourne 6,587 (+14)       Brisbane 2,507 (+33)       Adelaide 637 (+11)       Perth 1,685 (-16)       Hobart 152 (-6)       Darwin 214 (-7)       Canberra 1,249 (+8)       National Capitals 22,598 (+48)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $860 (-$15)       Melbourne $600 ($0)       Brisbane $710 ($0)       Adelaide $650 ($0)       Perth $750 ($0)       Hobart $620 ($0)       Darwin $825 (+$5)       Canberra $700 (-$20)       National Capitals $725 (-$4)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $600 (-$10)       Brisbane $670 (+$8)       Adelaide $550 (+$10)       Perth $700 ($0)       Hobart $523 ($0)       Darwin $650 (-$50)       Canberra $580 ($0)       National Capitals $645 (-$6)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,330 (-51)       Melbourne 7,834 (+32)       Brisbane 3,707 (+45)       Adelaide 1,199 (-23)       Perth 2,145 (-43)       Hobart 228 (+1)       Darwin 72 (-1)       Canberra 404 (+3)       National Capitals 21,919 (-37)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 10,152 (-66)       Melbourne 6,206 (-16)       Brisbane 2,155 (+61)       Adelaide 434 (-11)       Perth 679 (-6)       Hobart 80 (0)       Darwin 143 (-1)       Canberra 793 (-1)       National Capitals 20,642 (-40)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.66% (↓)       Melbourne 3.04% (↓)     Brisbane 3.27% (↑)        Adelaide 3.27% (↓)     Perth 3.61% (↑)        Hobart 3.81% (↓)       Darwin 5.17% (↓)       Canberra 3.60% (↓)       National Capitals 3.32% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.14% (↓)       Melbourne 5.63% (↓)     Brisbane 4.73% (↑)      Adelaide 4.96% (↑)        Perth 5.73% (↓)       Hobart 4.63% (↓)       Darwin 6.81% (↓)     Canberra 6.33% (↑)        National Capitals 5.35% (↓)            HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 1.5% (↑)      Brisbane 1.2% (↑)      Adelaide 1.2% (↑)      Perth 1.0% (↑)        Hobart 0.5% (↓)       Darwin 0.7% (↓)     Canberra 1.6% (↑)      National Capitals $1.1% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 2.4% (↑)      Brisbane 1.5% (↑)      Adelaide 0.8% (↑)      Perth 0.9% (↑)      Hobart 1.2% (↑)        Darwin 1.4% (↓)     Canberra 2.7% (↑)      National Capitals $1.5% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND         Sydney 32.3 (↓)       Melbourne 30.8 (↓)     Brisbane 39.1 (↑)        Adelaide 31.3 (↓)     Perth 43.7 (↑)        Hobart 28.5 (↓)     Darwin 30.4 (↑)        Canberra 31.0 (↓)     National Capitals 33.4 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND         Sydney 30.5 (↓)       Melbourne 28.7 (↓)       Brisbane 34.4 (↓)       Adelaide 33.0 (↓)     Perth 42.3 (↑)        Hobart 28.9 (↓)     Darwin 38.7 (↑)        Canberra 34.1 (↓)       National Capitals 33.8 (↓)           
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The Lifespan of Large Appliances Is Shrinking

Appliance technicians blame a push toward computerisation and an increase in the quantity of components inside a machine

By RACHEL WOLFE
Thu, Feb 22, 2024 8:50amGrey Clock 4 min

Our refrigerators, washing machines and ovens can do more than ever, from producing symmetrical ice cubes to remotely preheating on your commute home. The downside to all these snazzy features is that the appliances are more prone to breaking.

Appliance technicians and others in the industry say there has been an increase in items in need of repair. Yelp users, for example, requested 58% more quotes from thousands of appliance repair businesses last month than they did in January 2022.

Those in the industry blame a push toward computerisation, an increase in the quantity of individual components and flimsier materials for undercutting reliability. They say even higher-end items aren’t as durable.

American households spent 43% more on home appliances in 2023 than they did in 2013, rising from an inflation-adjusted average of $390 to $558, according to Euromonitor International. Prices for the category declined 12% from the beginning of 2013 through the end of 2023, according to the Labor Department.

One reason for the discrepancy between spending and prices is a higher rate of replacement, say consumers, repair technicians and others. That’s left some people wishing they had held on to their clunky ’90s-era appliances and others bargaining with repair workers over intractable ice makers and dryers that run cold.

“We’re making things more complicated, they’re harder to fix and more expensive to fix,” says Aaron Gianni, the founder of do-it-yourself home-repair app Plunjr.

Horror stories

Sharon J. Swan spent nearly $7,000 on a Bosch gas range and smart refrigerator. She thought the appliances would last at least through whenever she decided to sell her Alexandria, Va., home and impress would-be buyers.

That was before the oven caught fire the first time she tried the broiler, leading to a 911 call and hasty return. The ice-maker in the refrigerator, meanwhile, is now broken for the third time in under two years. Bosch covered the first two fridge fixes, but she says she’s on her own for the latest repair, totalling $250, plus parts.

“I feel like I wasted my money,” says the 65-year-old consultant for trade associations.

A Bosch spokeswoman said in an emailed statement that the company has been responsive to Swan’s concerns and will continue to work with her to resolve ongoing issues. “Bosch appliances are designed and manufactured to meet the highest quality standards, and they are built to last,” she said.

Kevin and Kellene Dinino wish they had held on to their white dishwasher from the ’90s that was still working great.

The sleeker $800 GE stainless steel interior dishwasher they purchased sprang a hidden leak within three years, causing more than $35,000 worth of damage to their San Diego kitchen.

Home insurance covered the claim, which included replacing the hardwood down to the subfloor and all their bottom cabinetry, but kicked the Dininos off their policy. The family also went without access to their kitchen for months.

“This was a $60 pump that was broken. What the hell happened?” says Kevin, 45, who runs a financial public-relations firm.

A GE Appliances spokeswoman said the company takes appliance issues seriously and works quickly to resolve them with consumers.

Increased complexity

Peel back the plastic on a modern refrigerator or washing machine and you’ll see a smattering of sensors and switches that its 10-year-old counterpart lacks. These extra components help ensure the appliance is using only the energy and water it needs for the job at hand, technicians say. With more parts, however, more tends to go wrong more quickly, they say.

Mansoor Soomro, a professor at Teesside University, a technical college in Middlesbrough, England, says home appliances are breaking down more often. He says that manufacturers used to rely mostly on straightforward mechanical parts (think an on/off switch that triggers a single lever). In the past decade or so, they’ve transitioned to relying more on sophisticated electrical and computerised parts (say, a touch screen that displays a dozen different sensor-controlled wash options).

When a complicated machine fails, technicians say they have a much harder time figuring out what went wrong. Even if the technician does diagnose the problem, consumers are often left with repairs that exceed half the cost of replacement, rendering the machine totalled.

“In the majority of cases, I would say buying a new one makes more economic sense than repairing it,” says Soomro, who spent seven years working at Siemens , including in the home-appliances division.

These machines are also now more likely to be made with plastic and aluminium rather than steel, Soomro says. High-efficiency motors and compressors, too, are likely to be lighter-duty, since they’re tasked with drawing less energy .

A spokeswoman for the Association for Home Appliance Manufacturers says the industry has “enhanced the safety, energy efficiency, capacity and performance of appliances while adding features and maintaining affordability and durability for purchasers.” She says data last updated in 2019 shows that the average life of an appliance has “not substantially shifted over the past two decades.”

When simpler is better

Kathryn Ryan and Kevin Sullivan needed a new sensor to fix their recently purchased $1,566 GE Unitized Spacemaker washer-dryer. GE wasn’t able to fix the sensor for months, so the couple paid a local technician $300 to get the machine working.

The repairman also offered them a suggestion: Avoid the sensor option and stick to timed dries.

“You should be able to use whatever function you please on a brand new appliance, ideally,” says Sullivan, a 32-year-old musician in Burbank, Calif.

More features might seem glamorous, Frontdoor virtual appliance tech Jim Zaccone says, but fewer is usually better.

“Consumers are wising up to the failures that are happening and going, ‘Do I really need my oven to preheat while I’m at the grocery store?’” jokes Zaccone, who has been in the appliance-repair business for 21 years.

He just replaced his own dishwasher and says he bought one with “the least bells and whistles.” He also opted for a mass-market brand with cheap and readily available parts. Most surprisingly, he chose a bottom-of-the-line model.

“Spending a lot of money on something doesn’t guarantee you more reliability,” says Zaccone.



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Australian shares fell on Thursday as Wall Street weakness, rising oil and persistent rate concerns weighed on most of the market. The S&P/ASX 200 declined 0.72 per cent to 8,702. The All Ordinaries lost 0.66 per cent to finish at 8,897. Mining stocks were hit particularly hard, while real estate also dragged on the index. …

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Australian shares fell on Thursday as Wall Street weakness, rising oil and persistent rate concerns weighed on most of the market.

The S&P/ASX 200 declined 0.72 per cent to 8,702. The All Ordinaries lost 0.66 per cent to finish at 8,897. Mining stocks were hit particularly hard, while real estate also dragged on the index.

Energy was the notable exception, gaining more than one per cent as Brent crude traded above US$103 a barrel. Oil had moved higher amid uncertainty surrounding potential US diesel-export restrictions and broader geopolitical supply risks. The move supported energy producers but renewed concern about inflation inputs across transport and the wider economy.

Gold shares were weak even as spot bullion remained historically elevated. The All Ordinaries Gold index fell about 2.25 per cent, showing that equity performance can diverge from the commodity because of valuation, currency, operating and company-specific factors.

Zip was a prominent loser, falling 11.38 per cent after the company reported short sales after the previous close. Nine Entertainment also weakened after UBS analysts warned of near-term revenue challenges associated with its advertising-supported subscription tier.

Premier Investments led larger winners despite caution about the retail environment. Breville, in which Premier owns a significant stake, also appeared among leading movers. In the broader ASX 300 screen, Myer gained 11.43 per cent and MAAS Group rose 7.93 per cent, while Lotus Resources fell 10.53 per cent. These percentage moves should be checked against company announcements and trading liquidity before attributing causes.

The Australian dollar was broadly flat at US70.38 cents. Spot gold was around US$4,280 an ounce, Brent crude approximately US$103.08 a barrel and iron ore near US$96.90 a tonne late in the session.

The rate outlook remains the central domestic catalyst. Labour-market weakness has not eliminated the possibility of an RBA increase next week, leaving banks, listed property and other rate-sensitive sectors exposed to changing expectations.

Market dashboard

S&P/ASX 200: 8,702, down 0.72 per cent.

All Ordinaries: 8,897, down 0.66 per cent.

Best sector: Energy, up more than one per cent.

Weakest areas: Real estate and materials were the major drags; confirm final sector percentages before publication.

Material winner: Premier Investments led the large-company gainers. Confirm its final closing move from the ASX before publication.

Material loser: Zip, down 11.38 per cent.

ASX 300 percentage leader: Myer, up 11.43 per cent.

ASX 300 percentage laggard: Zip, down 11.38 per cent.

AUD/USD: Approximately US$0.7038, broadly flat.

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