Melt the butter over low heat, then let it cool to lukewarm. Tip: Lukewarm butter blends well with the other liquid ingredients and prevents the eggs from scrambling.
Whisk together the eggs, milk, melted butter, and a pinch of salt. Then, whisk in the flour and baking powder until just combined. Tip: Use a hand whisk or immersion blender for a smooth, lump-free batter.
Add the grated cheddar cheese and Vegemite to the batter, then mix evenly. Tip: Due to Vegemite's salty, distinctive flavor, do not use more than the specified amount.
Preheat the waffle iron and grease it with a little butter or oil. Pour in the batter and cook until golden brown, about 4-5 minutes. Tip: The cheese will make the outside of the waffle extra crispy.
Slice the avocado and prepare fried eggs in a little oil or butter. Tip: The egg yolks should remain runny to complement the creamy texture of the avocado.
Serve the waffles warm, topped with avocado slices and a fried egg. Tip: The avocado and Vegemite create a unique contrast, so don't skip either layer.
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