Australians are expected to spend a massive $430 million on costumes, tricks and treats this Halloween - with one in four planning on celebrating the spooky American tradition.

BusinessNewsAustralia reports this is translating into a boon for those that sell costumes, decorations, and candy according to new research from the Australian Retailers Association (ARA) in collaboration with Roy Morgan.

It said the research was the organisation’s first annual survey of Halloween intentions, with Australians indicating they’ll be celebrating the 31st of October in a variety of ways, including attending or hosting a Halloween themed party, decorating their homes, getting dressed up or welcoming trick or treaters.

The research found five million Australians planned on celebrating Halloween this year, with spending to reach $430 million for an average amount of $86 per person.

Read the full report here.

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