Why Aussies are spending more on fast food and restaurants
In new research conducted by Commonwealth Bank, the average Australian is spending $90 a month on fast food.
This is a 20 per cent increase on the amount that Australians were spending on fast food two years ago.
Australians are also spending an average $143 per month on restaurant meals, which is a six per cent increase on July 2015 spending.
Commonwealth Bank Executive General Manager Digital, Pete Steel, said that dining is popular amongst millennials. He spoke to Ausfoodnews, saying:
“People under 30 make up almost half of all fast food purchases, and a third of restaurants’ trade,” Steel said.
“Interestingly, they’re not the ones spending the most money.
“Customers aged 40 to 45 spend the most per month on fast food, potentially because they are purchasing meals for a family, while those aged between 50 and 55 spend most in restaurants – $184 a month on average.”
There is a difference between state spending as well. NSW and Western Australia residents are spending the most on dining out, while ACT and Northern Territory are spending the least.
The suburbs that are the biggest fast food and restaurant eaters in Australia are:
Top 5 suburbs spending the most on fast food each month
- Karratha (WA)
- Kalgoorlie (WA)
- South Hedland (WA)
- Smithton (TAS)
- Mount Isa (QLD)
Top 5 suburbs spending the most on restaurants each month
- Woolloomooloo (NSW)
- Port Douglas (QLD)
- Palm Cove (QLD)
- Red Hill South (VIC)
- Pokolbin (NSW)