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Melbourne goes from among the most to least expensive capital cities (www.abc.net.au)
submitted 2 weeks ago by vividspecter@aussie.zone to c/australia@aussie.zone
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[-] KaChilde@sh.itjust.works 7 points 2 weeks ago

Is “new phones” the modern “avocado toast”?

A lot of the younger generation has given up on home ownership. If they saved their ‘shiny phone’ money, it still wouldn’t put a scratch on the increasing price of buying property. The phone might not be a sound financial decision, but it’s the only joy and control some people can get.

And coming from a ‘young’ guy in IT with a 5 year old phone (that replaced his 10 year old phone when it completely carked it): it’s not the phone that’s making it hard for me to buy a house.

[-] notgold@aussie.zone -4 points 2 weeks ago

Shiny new iPhone i think he wrote 😉 It's something I've noticed too. People buy the shiny phones, then the head phones, then the screen, the laptop, the glasses, the cloth; spending thousands of dollars in the process. Multiply that each year, as many do, and there is no savings. Nothing growing at all in their accounts. That growth long term can put a deposit on an apartment or a outer suburb house.

Smart kids get jobs in the field that give them free phones and sometimes cars. Bonus points if its a unionised position.

this post was submitted on 19 Jan 2026
97 points (100.0% liked)

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