Was browsing Carousell and decided to take a look at PS5 prices.
Recent listings show a standard edition PS5 + controller going for $1,300. That's approx. 57% above RRP, which is about the value of 4.8 new first-party-studio games.
For digital edition PS5, there's a listing going for $1,100. That's approx. 84% above RRP, and about the value of 5.1 new first-party-studio games.
Some more thoughts: I understand that broadly speaking, in the business world, 10% profit margins are considered 'good'. Given that overheads for re-selling consoles are on the low end (perhaps transport fees, time costs, but also minimal storage fees), and the relatively low risk of being unable to offload the product, I can see why re-selling is seen as such an attractive 'business'.
The thirst is real...