Smashed Avocado on Toast and Millennials in Australia

Price Tags


In the hyper Australian housing market Jennifer Wells of Metro News describes real estate developer Tim Gurner’s unfortunate and thoughtless remarks about why millennials are not buying housing. His words “When I was trying to buy my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each,” were quoted  in an interview with Australian media .

“Note that in March the Australian Bureau of Statistics compared the five-year 70-per-cent increase in Sydney house prices — that’s not a typo — to average wage increases of 13.2 per cent across the same period. The median house price in Sydney was just shy of $1.2 million (Australian dollars) in April. And a local point of reference: this month the Internet-cost-of-living data base NUMBEO found that getting by in Sydney is 28.8 per cent more expensive than Toronto.”

“In Sydney, Melbourne, Toronto and Vancouver housing…

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