Australians spending more on fast food and restaurants

Posted by Andrea Hogan on 15th November 2017

The average Australian is spending $90 a month on fast food a Commonwealth Bank survey has found.

This is a 20 per cent increase on the amount Australians were spending on fast food two years ago.

Australians are also spending $143 per month on restaurant meals, a six per cent increase on July 2015 spending.

Commonwealth Bank Executive General Manager Digital, Pete Steel, said dining out seems to be most popular among millennials.

“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.”

NSW and WA spend most on dining out

New South Wales and Western Australia residents are spending the most on dining out, whilst the ACT and the Northern Territory are spending the least.

Australia’s biggest fast food and restaurant eaters by suburb

Top 5 suburbs spending the most on fast food each month