>>Miplan – Housing Market Tips for Young People

Miplan – Housing Market Tips for Young People

Miplan – Housing Market Tips for Young People

You may have seen the 60 Minutes Australia program about a luxury property developer & how he came to make millions. Tim Gurner made headlines for describing the current trend of buying expensive cafe food & coffee as one of the reasons why millennials were struggling to buy houses.

Financial advisors are suggesting that some of ‘you’d rather waste your money on an Instagrammable breakfast than make sensible investments like buying a house.’ Tim explained that he certainly ‘wasn’t buying smashed avocado for $19 and four coffees at $4 each’ whilst saving for his first property.

An article released by the BBC decided to investigate just that – roughly how many pieces of avocado toast would it actually take to afford a home? They looked at 10 cities around the world, crunched the numbers and found out.

We took the average cost for avocado toast in a handful of cafes in each city, and looked at how many you’d need to forego to afford a 20% deposit on a home. House prices are based the average price for a 90sq m apartment outside the city centre, reported by users of cost-of-living website Numbeo.

housing

View the original article:

The Avocado Toast Index

Other blogs by Miplan for GPC Squad:

MiPlan – The Benefits of Super Contributions

Financial Friction – By Barney Ellis from miPlan Financial Services

Miplan- Life insurance companies starting to exclude cycling

By |2018-08-06T10:53:44+00:00August 6th, 2018|Categories: Coaches Corner|Tags: , , , , , |Comments Off on Miplan – Housing Market Tips for Young People

About the Author:

3x AG World Champion. Kate has been doing triathlons for almost five years. She started in a beginner squad with a mountain bike and no previous cycling of running training. Kate began initially to meet new people, stay fit & for a new challenge. Her competitive spirit quickly took over and she started training more & more to improve & keep up with the squad.