Here are the three must-have items from Kmart's new launch

Here are the three must-have items from Kmart's new launch

• Kmart Australia launched its brand new living range
• Read more: Shoppers rush to Big W after spotting massive $2 clothing sale

Aussies looking to revamp their home on a budget are in luck as Kmart has launched a luxurious range of new products - but three stick out from the rest.

The $69 Velvet Floor Mirror, $149 Asker Boucle Lounge Chair and $8.50 Decorative Sand Hourglass will likely be a hit among customers seeking a sophisticated look. All three products are also 'dupes' of expensive designer buys.

The collection radiates beauty and timelessness, and will be sure to add elegance to your home without breaking the bank.

The lounge chair looks near-identical to expensive alternative versions. For instance, the Lennox Armchair from Schots Home Emporium which retails for $749.

The Velvet Floor Mirror is unlike any other Kmart has sold before as it features a white wave full-length design. High-end designs cost as much as $599.95 from Gigi and Tom despite looking very similar.

The sand hourglass is also the perfect product to accent a mantel, side table or workspace and looks similar to a $45 version from Anthropologie.

Fans can get their hands on the latest buys across stores nationwide from July 25 - though some products have already quietly landed online.

With cost of living pressures at the forefront of consumer minds, the broad selection of products is set to provide simple yet impactful styles at every price point.

The new $15 Clam Shell Lamp is also anticipated to fly off shelves as well as the $13 Sage Glass Vase.

The range has been designed by Kmart's in-house design and buying team, fusing the best global and viral trends into accessible products for all customers.

From delightful dining rooms to laid-back living, the collection promises to spark joy and brighten everyday moments in households nationwide

The launch includes three key aesthetics to inspire customers - 'Touch of Tonal', 'Play with Pattern' and 'Make it Modern'.

Shoppers can also expect to see trendy prints across bedding, dinnerware and home décor, bold colours and key icons such as palm trees and shells.

The department store also announced the return of a stylish floor lamp which flew off the shelves during its first drop in February.

The Gigi Floor Lamp sold out across stores in February for its elegant, chic style and budget pricetag. And because it looks very similar to much more expensive pieces.

Gigi features a curved rod, marble base and pleated lamp shade to create warm ambient light - similar lamps, including Lifely Achie Mid-Century Floor Lamp, cost $299.

Kmart's Divisional Merchandise Manager, Meryn Serong, said: 'As our team explores trends from various corners of the world, our customers are a continual source of inspiration for each new range.

'Supporting the growing needs of our customers and being able to offer affordable products drives us to extend our offering season-on-season, with buildable and functional pieces to add to your home at our everyday low prices.'