118 smashed avocados a day: finder.com.au’s Smashed Avocado Index reveals the astonishing capital growth in some Australian suburbs

Graham Cooke 30 January 2017

Avacado_Shutterstock738

How many hipster breakfasts could your property buy you?

There has been a lot of discussion across the media recently following Bernard Salt bemoaning the gall of millennials spending $22 a pop on “smashed avocado with crumbled feta on five-grain toasted bread” rather than saving for a home deposit.

This got us wondering: if you’re already one of the privileged few with a foot (or two) firmly on the Australian property ladder, exactly how many fancy hipster breakfasts could you buy based solely on the increase in the value of your property?

To find out, we crunched the numbers using CoreLogic data covering over 10,000 Australian suburbs to create the finder.com.au Smashed Avocado Index. The index describes the number of smashed avocado breakfasts a homeowner could buy every day based on the increase in the value property over the previous twelve months.

Perhaps unsurprisingly, the list is dominated by affluent suburbs, especially in NSW. Purchase of a unit in Point Piper, Sydney would have netted a value gain of $950,000 in the 12 months to November 2016 - the highest gain of any suburb in Australia. If you were to take that budget to breakfast, it would buy you 43,182 smashed avocados a year, or 118 per day. That’s a lot of guacamole! In fact, the Point Piper gain could have been enough to buy a whole house in 3,830 other Australian suburbs.

Darling Point comes in at second place in NSW with a smashed avocado index of 107, while Tennyson Point comes in third (104). These are the only three suburbs in Australia which could net you over 100 smashed avocados a day.

Cashing in the capital gains for a house in Hawthorn in Victoria purchased a year ago would net you 50 smashed avocado breakfasts a day, while Queensland’s Teneriffe would pay for 53. Real-estate rich Tasmanians living in Hawley Beach and Battery Point would, however, have to get along with only 19 smashed avocados a day.

Check out the full national results in the tables below.

New South Wales

RankSuburbHome type12-month price growthDaily gainfinder.com.au ‘Smashed Avocado Index’
1Point PiperUnit49.40%$2,603118
2Darling PointHouse13.70%$2,349107
3Tennyson PointHouse43.80%$2,288104
4CammerayHouse35.10%$1,84984
5ChiswickHouse28.10%$1,71278
6Rose BayHouse20.20%$1,71278
7Bellevue HillHouse15.80%$1,71278
8Dolans BayHouse42.00%$1,67276
9VaucluseHouse16.10%$1,67176
10Cecil ParkHouse46.70%$1,65875

Victoria

RankSuburbHome type12-month price growthDaily gainfinder.com.au ‘Smashed Avocado Index’
1HawthornHouse25.00%$1,09650
2AbbotsfordHouse37.80%$82738
3MckinnonHouse21.10%$78436
4FlindersHouse33.70%$76035
5FairfieldHouse27.60%$72333
6OrmondHouse20.70%$71032
7SandringhamHouse17.70%$66330
8FairhavenHouse31.60%$65830
9HamptonHouse15.70%$65830
10FitzroyHouse23.40%$65230

Queensland

RankSuburbHome type12-month price growthDaily gainfinder.com.au ‘Smashed Avocado Index’
1TeneriffeHouse28.80%$1,16453
2New FarmHouse21.80%$82237
3MinyamaHouse29.90%$65830
4South BrisbaneHouse20.00%$64629
5MiltonHouse32.10%$63329
6RobertsonHouse26.70%$62228
7Broadbeach WatersHouse26.40%$60127
8Mermaid BeachHouse18.20%$58927
9IlkleyHouse36.10%$56826
10AnsteadHouse28.50%$50723

South Australia

RankSuburbHome type12-month price growthDaily gainfinder.com.au ‘Smashed Avocado Index’
1NetherbyHouse29.00%$72133
2Glenelg SouthHouse35.00%$68831
3TennysonHouse28.30%$64429
4Royston ParkHouse25.60%$61428
5WalkervilleHouse21.00%$57526
6ForestvilleHouse36.80%$55625
7ErindaleHouse23.40%$55525
8KangarillaHouse37.00%$54825
9GlensideHouse23.90%$52724
10Henley BeachUnit49.70%$51423

Western Australia

RankSuburbHome type12-month price growthDaily gainfinder.com.au ‘Smashed Avocado Index’
1SwanbourneHouse22.60%$86339
2BoyaHouse38.70%$51623
3BouvardHouse41.50%$46621
4Mount PleasantUnit21.80%$35616
5FurnissdaleHouse29.60%$28813
6KallarooHouse15.90%$28413
7Ocean BeachHouse20.00%$26012
8Shenton ParkHouse7.20%$22310
9Shenton ParkUnit18.60%$21910
10ChurchlandsHouse6.10%$21610

Tasmania

RankSuburbHome type12-month price growthDaily gainfinder.com.au ‘Smashed Avocado Index’
1Hawley BeachHouse43.40%$41019
2Battery PointHouse16.70%$40719
3HobartHouse19.30%$27212
4Mountain RiverHouse25.30%$26712
5SpreytonHouse36.50%$24511
6Sandy BayHouse13.10%$24211
7CremorneHouse22.70%$24111
8Montagu BayHouse22.20%$1929
9NubeenaHouse37.00%$1858
10GeevestonHouse31.20%$1828

Australian Capital Territory

RankSuburbHome type12-month price growthDaily gainfinder.com.au ‘Smashed Avocado Index’
1ForrestHouse20.20%$1,06849
2Red HillUnit48.50%$86339
3YarralumlaHouse24.50%$76735
4DeakinHouse24.40%$64429
5YarralumlaUnit43.00%$61928
6TurnerHouse16.60%$52524
7BartonUnit33.90%$41119
8Red HillHouse12.30%$38417
9PearceUnit33.90%$38317
10NarrabundahHouse16.80%$32815

Northern Territory

RankSuburbHome type12-month price growthDaily gainfinder.com.au ‘Smashed Avocado Index’
1CossackHouse32.30%$36317
2LudmillaHouse19.10%$32315
3Desert SpringsHouse12.50%$21610
4The GapHouse20.30%$1929
5East SideUnit15.60%$1195
6Coconut GroveUnit9.50%$1105
7GillenUnit14.30%$1035
8AlawaHouse6.60%$1015
9LarrakeyahUnit7.70%$995
10JohnstonUnit7.20%$964

Graham Cooke's Insights Blog examines issues affecting the Australian consumer. It appears regularly on finder.com.au.

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