PlayStation 5: Everything you need to know

Every little detail you need to know before buying Sony's latest console.
Brodie Fogg
May 14, 2021
Icon Time To Read7 min read

Sony's PlayStation 5 (PS5) released on the 12th of November 2020 after a series of delays pushed back the official reveal and launch date. Now that we've had over six months with the latest generation of PlayStation consoles, let's revisit everything you need to know about its games, price, availability and specs.

Next-gen need-to-know
Heads Up

Looking for more of our local coverage on the PlayStation 5 and Xbox Series X? Check out these guides.

PlayStation 5 review: Is it worth it?

In this guide, you'll find all the need-to-know information on the PlayStation 5 about pricing, availability and games but if you want our full analysis of the console itself, head over to our PlayStation 5 review. In short, the PlayStation 5 met and exceeded almost all of our expectations. As reviewer Nathan Lawrence writes, the "PlayStation 5 is a strong continuation of Sony's last-gen dominance," praising the console's fast load times, gorgeous graphics and next-gen controller above all else.

PlayStation 5 price in Australia

  • $749.95 for the PlayStation 5
  • $599.95 for the PlayStation 5 Digital Edition

After a long stalemate between Microsoft and Sony, Microsoft was the first to cave, announcing the price of its Xbox Series S and Xbox Series X a week before Sony announced local Australian pricing for the PlayStation 5 and PlayStation 5 Digital Edition.

The flagship PlayStation 5 console costs $749.95 in Australia, and the disc-less PlayStation 5 Digital Edition costs $599.95.

Pre-orders sold out at a break-neck pace when they first went live on the 22nd of September 2020. Unfortunately, 2021 hasn't been much kinder to PlayStation 5 hopefuls as global stock shortages have persisted (and will continue to persist) throughout the year. While more stock has been released sporadically throughout 2021, pre-orders continue to sell out within minutes.  Sony has reportedly informed analysts that its stock shortages will likely continue into 2022 (Bloomberg). While there have been bona fide component shortages that have limited the production of units, the situation hasn't been helped by scalpers and opportunistic online retailers like Wish and Expansys that are selling PlayStation 5 consoles at an inflated price (as high as $1,502 from Wish).

When stock is available, you'll be able to find it at Amazon, EB Games, JB HI-FI, Target, Big W, The Good Guys and Sony's online store. You can also sign up for stock availability updates via Sony's landing page.

The PlayStation 5 is priced to match Microsoft's $749 Xbox Series X, but the Digital Edition comes at a higher cost than Microsoft's $499 Xbox Series S. Importantly, the only difference between the PlayStation 5 and PlayStation 5 Digital Edition is the lack of a disc drive. Otherwise, the two consoles share the same technical specs.

The Xbox Series S, on the other hand, has some notable downgrades from the Series X, which help drive the price down.

PlayStation 5 specs

We learned a lot more about the PlayStation 5's technical specs before we ever even got to see it with our own two eyes. Take a look at the raw specs below if you want to know what the PlayStation 5 is packing under the hood.

PS5 Specs
PlayStation 5


3.5GHz custom Zen 2


RDNA 2 10.28 TFLOPS @ 2.23GHz


GDDR 16GB @ 448GB/s

Internal storage

825GB custom SSD, 5.5GB/s read (raw)

External storage

M2 SSD expansion port, external HDD support

Optical drive

4K UHD Blu-ray

Max resolution


Max frame rate


Backwards compatibility

Overwhelming majority of PS4 games

Ray tracing


Release date

November 2020

PlayStation 5 Price (AU)


PlayStation 5 Digital Edition Price (AU)


When did the PlayStation 5 release?

Both the PlayStation 5 and the disc-less PlayStation 5 Digital Edition released on the 12th of November 2020 here in Australia through the usual suspects: EB Games, JB HI-FI, Amazon Australia, The Gamesmen etc. As detailed above, pre-orders and subsequent stock refills have sold out in minutes and at the time of writing, it's still just as difficult to get your hands on a console mid-2021 as it was late 2020.

Key features

Let's take a brief tour through the PlayStation 5's architecture and pull apart the jargon and technical terms to decode what each upgrade means for the everyday user.

What is ray tracing on PS5?

The current console generation has been defined by a few key buzzwords; teraflops, SSDs and 8K, just to name a few. Still, none are more exciting than ray tracing, a significant graphics upgrade coming to both the PlayStation 5 and Xbox Series X.

Ray tracing is the latest advancement in light and shadow rendering. Ray tracing technologies used in video games, TV, and film simulate and track every ray of light in a scene. It takes a light source and uses an algorithm to trace that light and calculate how light interacts with the in-game environments and character models.

In short, it makes lighting and shadows in games seem much more natural and lifelike, which goes a long way in reproducing realistic graphics.

You can learn more about it in our guide to everything you need to know about ray tracing.

Thanks to NVIDIA's RTX graphics cards, PC gamers are already privy to the benefits of ray tracing. But ray tracing requires a lot of computational power, which is why we haven't seen it in consoles before 2020.

Unlike the HDR upgrade of PlayStation 4's mid-gen jump to PlayStation Pro, the difference made by ray tracing is night and day.

Take a look at NVIDIA's in-depth video on ray tracing in Cyberpunk 2077 in the video below to see the results for yourself.

Play Video

The budget-minded PlayStation 5 Digital Edition

In addition to the core PlayStation 5 console, Sony released a disc-less, digital-only version for those looking to save a bit of dosh on their console purchase. The PlayStation 5 Digital Edition is a budget alternative that competes with Microsoft's digital-only console, the Xbox Series S. However, there's a key difference between the budget models. The PlayStation 5 Digital Edition only loses the disc drive without making any other compromises whereas the Xbox Series S cut some other corners to trim the price back, such as less RAM, less internal storage and no 8K support.  On the plus side, the Series S is also 60% smaller and runs Game Pass, Microsoft's subscription-based game library, and also happens to be the cheapest console in the current generation.

When the Digital Edition was first teased, we had high hopes that PlayStation might be finally ready to compete with Game Pass in Australia but it's yet to offer a serious competitor. PlayStation 5 owners with a PS Plus subscription do have the PS Plus Collection, a library of first-party PlayStation 4 classics but it's not quite the same value offering and Sony hasn't shown much interest in expanding the collection.

What is the PS5 SSD (Solid State Drive) and why does it matter?

Next to ray tracing,  the SSD (Solid State Drive) in Sony and Microsoft's new consoles is the next most significant tech upgrade.

There's a long list of storage and download/delivery advantages that an SSD allows for but the most obvious advantage to the PlayStation 5's high-speed SSD is shorter load times. Load time improvements vary between titles but, on average, you can expect start-up and menu-to-game load times to be roughly 50% faster on the PlayStation 5, compared to the PlayStation 4.

The only issue with the internal SSD is its limited 825GB storage. It might seem like a lot but recent titles like Cyberpunk 2077 and Call of Duty have unprecedented file sizes and fill up the storage fast. Sony has confirmed that you will be able to expand your internal storage using the empty M.2 expansion slot by mid-2021 via an upcoming firmware update but at the time of writing your only option is to use an external drive if you need more space.

PlayStation 5 backward compatibility

The first question on most people's lips whenever there's a new generation of consoles is whether it's backward compatible (will it play my old games?). Thankfully, the vast majority of the PlayStation 4's 4,000+ software library runs on the new PlayStation 5 without any issues. Playing PlayStation 4 games on PlayStation 5 is as simple as popping your disc in and installing the game file or downloading PlayStation 4 games for the PlayStation Store. There's also a new PS Plus perk for PlayStation 5 owners that gives you access to a long list of PlayStation 4 classics (Uncharted 4: A Thief's End, God of War and The Last of Us: Remastered just to name a few).

At launch, Sony said the "100 most-played" PlayStation 4 games run smoothly on the PlayStation 5, but not every single game has been tested. Due to the significant power boost in the PlayStation 5, it's hard to say with confidence that every title will run as expected but if you already own the titles, it's worth trying out.

The raw power of the PlayStation 5 also had some people hoping it would be able to play PlayStation 3 games via an emulator but the PlayStation 3's unique and complicated architecture makes it almost impossible for its titles to run via an emulator.

PlayStation 5 games

Now that the PlayStation 5 has been out in the hands of consumers for a while now, we obviously know a lot more about the PlayStation 5 games that are now available and what you'll be able to play soon. We've rounded up a few of the best PlayStation 5 games but here's a short list of exclusive games optimised to make the most of the PlayStation 5's power:

  • Astro’s Playroom (Japan Studio)
  • Demon’s Souls (Bluepoint Games / Japan Studio)
  • Destruction AllStars (Lucid Games / XDEV)
  • Sackboy: A Big Adventure (Sumo Digital / XDEV)
  • Returnal (Housemarque / XDEV)
  • Marvel’s Spider-Man Miles Morales (Insomniac Games)
  • Marvel's Spider-Man Remastered (Insomniac Games)
  • Oddworld: Soulstorm (Oddworld Inhabitants/ Just Add Water)

Upcoming PlayStation 5 Exclusives

If you've already burned through the best, you're probably wondering what's on the horizon for PlayStation 5 exclusives. Here's a shortlist of games announced for the latest Sony console:

  • GhostWire: Tokyo - Console exclusive (Tango Gameworks)
  • Forspoken - previously Project Athia (Luminous Productions)
  • Gran Turismo 7 (Polyphony Digital)
  • Horizon Forbidden West (Guerrilla Games)
  • Ratchet & Clank: Rift Apart (Insomniac Games)

PS5 Controller: DualSense 5

  • Haptic feedback
  • ’Adaptive feedback’ in R2/L2 triggers
  • New Create button replaces Share button
  • Built-in microphone array
  • USB-C charging
  • $109.95 in Australia
PS5 DualSense controller

In the PlayStation 5 timeline, we were introduced to the DualShock 4 replacement, the PlayStation 5 DualSense controller, long before the console itself. When it came time to review the new consoles, the PlayStation 5 DualSense controller basically dominated the new-generation conversation. A lot of the hardware upgrades between the old and the new are incremental quality of life improvements. Faster load times are great but for general consumers, many of the performance upgrades will go unnoticed. That's why the DualSense controller is so exciting, it was the first thing in the new generation of consoles that felt truly next-gen. That's thanks mostly to its incredibly detailed haptic feedback motors and adaptive triggers, which give compatible PlayStation 5 games a whole new level of immersion.

Besides the feedback improvements, there are also a few more design changes. The lightbar is now positioned on the front of the controller, and the DualShock 4's Share button has been replaced with a Create button (though it ostensibly offers the same functionality). There's even an in-built microphone array, so even players without headsets can jump into party chat.

Lastly, and most importantly, the DualSense 5 charges via USB-C, rather than micro-USB, which became a particular pain point for PlayStation 4 users as the console began to show its age.

The PlayStation 5 DualSense controller is retailing at $109.95 in Australia and, unlike the console it connects to, you can actually find stock at most retailers.

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Brodie Fogg
Written by
Brodie Fogg
Brodie Fogg is the Australian editorial lead at He has covered consumer tech, telecommunications, video games, streaming and entertainment for over five years at websites like WhistleOut and Finder and can be found sharing streaming recommendations at 7NEWS every month.

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