Diners spending $640 million per month

14 November, 2017 by Madeline Woolway

Research from Commonwealth Bank has found its customers spend more than $640 million on eating out at fast food and restaurants per month.

An average Australian spends around $90 per month on fast food (a 20 percent increase compared to two years ago) and $143 per month on restaurants (up 6 percent since July 2015).

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The largest portion of people who dine out on a regular basis are millennials. Diners in NSW spend the most on eating out, clocking in $84.19 and $129.57 per person per month respectively, while customers in the NT spend the least — $74.22 and $103.83 per customer per month respectively on fast food and restaurants.

“People under 30 make up almost half of all fast food purchases, and a third of restaurants’ trade. Interestingly, they’re not the ones spending the most money,” says Pete Steel, executive general manager digital, Commonwealth Bank.

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“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 the most in restaurants — $184 a month on average.

 

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