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According to the Australian Securities & Investments Commission (ASIC), funerals are one of the most expensive purchases consumers ever make and can cost anywhere from $4,000 to $15,000.
Although the actual cost of a funeral will depend on factors such as whether you are being cremated or buried, the biggest factor could be the funeral company you choose.
Why are funerals so expensive?
In a recent report of the funeral industry in Australia entitled “It’s your funeral: an investigation of death care and the funeral industry in Australia”, Professor Sandra van der Laan, lead author of the report, says some funeral homes inflate the pricing of individual services by offering them only as part of a bundled package.
InvoCare is the largest funeral operator in Australia and New Zealand and currently operate over 290 locations and 16 cemeteries and crematoria. InvoCare has 3 national funeral brands in Australia (White Lady Funerals; Simplicity Funerals; and Value Funerals) and over 33 regional funeral home brands in different states across Australia.
“Our research shows if you buy a funeral from InvoCare companies, you will pay more,” Professor van der Laan confirms. Funeral services could be arranged from $4250, but the report found a funeral hosted by one of InvoCare’s subsidiary brands would start at $6250.
“People think they’re shopping around when they’re one company. You could ring Simplicity Funerals, Guardian Funerals and White Lady Funerals without realising you’re dealing with InvoCare.”
Another newcomer to the ASX, is publicly listed company Propel Funeral Partners, which is seeking to emulate InvoCare. They currently comprise of 108 locations (54 freehold and 54 leasehold) in Australia and New Zealand, including 24 cremation facilities and 7 cemeteries. It’s recent acquisitions include Seasons Funerals in Western Australia and Norwood Park in New South Wales, Newhaven Funerals in Queensland.
Select an independent and family owned funeral director
So you could be paying significantly more for the same funeral by choosing one of the larger funeral brands owned by publicly listed companies (InvoCare and Propel Funeral Partners).
These larger funeral brands typically provide rigid packages that tie the customer into certain commitments. Their sales people may not be able to change even the tiniest of details because their “hands are tied”. They work for shareholder profits.
Not so with independent funeral directors listed with eziFunerals. These professionals pride themselves on being fair and flexible. Given that they’re free of corporate control, they can often move things about to help you create exactly the kind of funeral you’re looking for, no matter how unusual. So it pays to do your homework and know which company you are dealing with!
Where can I find an independent funeral director?
eziFunerals has partnered with some of the best family owned and independent funeral directors who are here to help you and your family before, during and after their time of need.
They are not controlled by shareholders and are much more preferable when compared to the large funeral brands owned by publicly listed companies. Not all funeral homes are the same, so it pays to do your homework!
Our members funeral directors operate Australia wide including Sydney, Melbourne, Brisbane, Perth, Adelaide, Hobart Darwin and Canberra.
We work together to ensure that you and your family receive transparent information and the best possible standard of service at the most realistic cost. You’re in total control and will get peace of mind knowing they are supported by Independent funeral homes that are here to help you every step of the way.
eziFunerals supports individuals and families cope with end of life decisions, death and funerals. We are an independent, Australian-owned and operated company, and are not a subsidiary of any other corporation. We are not part of any other funeral company.
For more information or to make contact with a trusted Independent funeral director, call eziFunerals on 1300 236 402 or visit www.ezifunerals.com.au.