The most common reasons for indulging were because 'they need to enjoy themselves', 'buying small treats makes them happy', and 'they work hard so deserve rewards for their efforts'.

So, buy that latte everyday and spend your money on avo toast - after all, that's all Millennials are good for to some, despite the eldest ones now pushing 40.

Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.94% p.a.
5.98% p.a.
$2,978
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Dedicated loan specialist throughout the loan application.
 Disclosure
5.89% p.a.
5.80% p.a.
$2,962
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
5.99% p.a.
6.02% p.a.
$2,995
Principal & Interest
Fixed
$0
$0
60%
  • Owner Occupier
  • Fixed 3 Years
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
  • Competitive rates to help you save
  • A Dedicated Relationship Manager
  • Certainty of repayments with a fixed rate term
 Disclosure
5.93% p.a.
5.93% p.a.
$2,975
Principal & Interest
Variable
$0
$395
70%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
 Disclosure
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Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning
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Three quarters of survey respondents also said they would be 'more likely' to achieve their health and fitness goals if they had the right financial motivations, whatever that may be. 

The recent survey of 1,023 Australians aged 25 to 39, commissioned by CommBank, also revealed 95% said they could do a better job of managing their 'self care'. 

The definition of 'self care' goes beyond just putting on a face mask at night and having a glass of wine.

Those in Western Australia had the highest monthly spend on 'less essential' items at $591, while South Australians spent the least at $449.

The breakdown on less essential spending between the other states was:

  • Victoria, $586
  • NSW, $567, and
  • Queensland, $509

Tasmania, the ACT, and the Northern Territory didn't make the cut.

Director of Habit Change Institute Dr Gina Cleo said occasional small indulgences can be useful.

“This generation of Australians are known for their hard work ethic and busy daily schedule, so it’s important to form habits that provide a healthy break from the grind," she said.

"Once we begin to set aside time in our day for things such as a short walk or home cooking, we begin to prioritise self-care and allow time to rejuvenate and motivate ourselves to stay on track and achieve our goals," Dr Cleo said.

Enjoy that avocado toast, and try not to think about median house prices tripling (even accounting for inflation) since 1992, and wages stagnating, with real wages even going backwards in 2020.

A price-to-income ratio of housing above 5.1 is rated as 'severely unaffordable' by Demographia - all of the Australian capitals are above this threshold, where upwards of 80% of the population lives.