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150 years of smashed avo for Melb home

AAP logoAAP 18/10/2016

For a first home buyer to put down a deposit in Melbourne's Footscray, they'd have to forfeit 150 years worth of weekly smashed avocado brunches.

Labor's Tim Watts has taken issue with recent comments by middle aged Australians expressing dismay at seeing young people order "smashed avocado" breakfasts for more than $20.

Those pennies should instead be pocketed for a house deposit, some say.

But Mr Watts says that's nonsense.

"For many Australians the dream of home ownership remains completely out of reach," he told parliament on Tuesday.

"All too of young people's aspiration for home ownership is met with condescension from the government and boomers in general."

In Footscray in his western Melbourne electorate, a young person would have to forfeit 38,000 coffees or 150 years worth of weekly smashed avocado brunches.

The MP was pushing Labor's plan to tighten negative gearing concessions to help young people enter the housing market.

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