The Malm bed frame. The Kallax bookshelf. The Lack side table. Every Aussie has (probably) owned at least one of these Ikea products in their lifetime – we’re willing to place bets on it. It’s the go-to furniture for budget-conscious uni students, those who have just moved out of home or anyone needing to quickly furnish a room without draining their bank account.

If you’ve reached the point where you’d like to replace your old Billy bookcase – or you feel you’ve outgrown that Tarva bed frame – you can actually take your old Ikea pieces into any Australian store and upcycle them. The Swedish retail giant has been running a buyback scheme in Australia since October last year, but for one week you can swap your furniture for a voucher valued at 100 per cent of the original purchase price (that’s double what you normally get).

The deal is running from November 24 until December 3 as part of a Black Friday sale, and you have to be a member of the Ikea Family loyalty club to get access (but it’s free to join). To receive the full buyback value, the furniture must be unmodified, fully assembled and clean.

“Rather than buy things you don’t need this Black Friday, we want to help customers give their furniture a second life instead of making an impulse buy,” says Ikea’s deputy retail operations manager Stefan Vanoverbeke.

Returned furniture will be resold through the As-Is section in stores, and anything that doesn’t sell will be recycled or donated to community projects. The buyback offer is available in all states.