The value of smashed avocado on toast has become a tangible measure in the property market

first_imgDoes your suburb’s property profits mean you’ll be eating avocado toast all day?SINCE demographer Bernard Salt first suggested people could save faster for a home deposit if they gave up buying smashed avocado on toast at $22 a pop, it’s become a tangible – if tongue in cheek – measure for the property market.Taking his comparison further has run the figures on how many plates of smashed avocado you could buy a day with the capital gains in our top performing suburbs.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours agoIn Queensland’s top capital growth suburb of Teneriffe the level of growth of the median house price last year was $1164 a day.By Salt’s measurement that would be the equivalent of 53 serves of smashed avocado on toast a day – a lot even for the most hungry of hipsters. Property profits in some suburbs can buy an awful lot of breakfast.Next on the list was New Farm with an increase in the median $822 a day or 37 serves of avocado toast.At Minyama on the Sunshine Coast, about 30 serves of the breakfast staple a day will match the same price growth, while in South Brisbane and Milton it was 29 serves.Money expert at Bessie Hassan said some people had truly hit the jackpot seeing their property prices grow so substantially in the past year.last_img read more