Some people are so keen to buy the new iPhone 5 that they’re already itching to join the pre-order line before it opens on Apple’s online store tomorrow. But hey, there’s good news, because another store has a virtual line today, and it even offers a better price than Apple.

Provided you have no problem buying the phone outright, Kogan will be doing the grey market shuffle and importing Apple iPhone 5’s for $100 less than the Australian outright pricing.

Previously, Kogan has imported other Apple products through its international channels, managing to save people a few quid on devices such as the iPhone 4S, iPad 2, and new iPad (iPad 3).

With this announcement, Kogan will be grabbing Hong Kong stock of the iPhone 5, which should arrive in late September and work in Australia without any problems, thanks to Apple’s support of our 3G and 4G networks in the new handset.

While we won’t comment on whether customers should buy local or grey market stock, we will say that the warranty on Kogan’s stock will likely be supported by Apple’s local arm as it has been with prior imported Apple products.

Previously, Apple Australia has told us that the one year limited Apple warranty “applies to the hardware product manufactured by or for Apple that can be identified by the ‘Apple’ trademark, trade name, or logo affixed to it,” which essentially means any official Apple hardware, whether it’s sold locally or through a different channel.