avocado on toast

PHOTO: Smashed avocado toast. NEWSHUB

A colloquial line about first home buyers spending too much on takeaway coffee and avocado toast has been pulled from Kiwibank’s website.

Kiwibank said the wording “misses the mark”.

The opening line on a page about low deposit options for first home buyers read: “Have you given up takeaway coffees and avocados on toast and still think you’re years away from getting a big enough house deposit? A low deposit home loan could help you get into your first home sooner than you think.”

Now, only the second sentence remains.

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In a statement, Kiwibank said it was continually updating its webpages “and have recently made some changes based on customer feedback”.

On Twitter, the bank said it knew “it can be really challenging to save for a house deposit and we recognise this narrative misses the mark”.

Property data company CoreLogic’s House Price Index now puts the average value of New Zealand housing at $1 million.

Lesley Harris, from the First Home Buyers Club, said “colloquial” lines about takeaway coffee and avocado on toast did not stack up against the state of the housing market.

She said even if people were buying both foods “every single day of the week, that still wouldn’t make a huge impact” on saving for a home deposit.

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