Standing on the outside looking in: "Angry Avocados" & Australian housing

Brunch and the hashtag "#angryavos" has swept through the Australian press this week after Bernard Salt suggested forgoing $22 brunches was the solution to the millennials housing woes. The response article on the Guardian, pointing out that it would take 175 years of forgone brunch to save a deposit, has exposed the growing rift between baby boomers enriched from a 25 year housing boom pitted against millenials locked out of home ownership by rising prices. In a moment of "simpatico" Morphic had penned a draft blog on this very issue last week. Sadly for millennials we outline the bull case as to why house prices are likely to keep rising in Australia and if they don't buy something, anything, now they are destined for a life of servitude and poverty. (VIEW LINK)