The Swedish retailer, who already boast affordable prices, is set to slash the costs by at least 40 per cent.
For four days only, Thursday 18th October to Sunday 21st October, the homeware operator will have a selected range of flat-packs, furniture, household items and kitchen appliances on sale.
Some of deals include a wardrobe for $99 (usually $279), a coffee table for $59($199) and a bed for $299 ($699).
If that isn't doing it for you, you can pick up a $49 floor lamp, a $99 armchair, a $24.99 shelf and a kitchen trolley for half price at just $149.
Meanwhile if you're after some big ticket items, a stainless steel cooker has been reduced from $1799 to $1050 while a forced air oven with steam function is down nearly 500 bucks to $719.
The sale is available in store only. Different stores have different items on sale for different prices. Be sure to visit the local store pages on ikea.com.au to see a preview of what is included in the IKEA Clearance Event at your nearest store.
Be quick, the sale stresses it's “while stocks last”.