THE debate surrounding the link between avocado toast and mortgages has gone global, making Australia an international laughing stock.
KPMG partner and The Australian columnist Bernard Salt wrote in October last year that “the evils of hipster cafes” were contributing to the woes of young people struggling to buy a first home.
“I have seen young people order smashed avocado with crumbed feta on five-grain toasted bread at $22 a pop and more,” he wrote, his so-called “rabbiting on about the old days” was tongue-in-cheek but many young people took offence.
However, it was 35-year-old property mogul Tim Gurner’s recent interview on 60 Minutes that made the issue worthy of international headlines.
“When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each,” he told the Nine Network.
The issue has been echoed all around the world particularly in the United States and the United Kingdom, where newspapers and broadcasters are having a field day at the expense of Australian millennials.