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Business Journalist
A multi-millionaire Australian property mogul controversially suggested a few years ago that if young people wanted to buy a house, they should stop buying avocado toast and expensive coffee. When I was trying to buy my first home, I wasn t buying smashed avocado for AU$19 (€12) and four coffees at AU$4 (€2.55) each, Tim Gurner, who was then 35, told the
60 Minutes programme on the Nine Network.
His comments were met with a mixture of bemusement and outrage in Australia and overseas, particularly from those paying steep rents to property moguls while trying to scrape together a deposit to buy a house.