When I started in real estate in the Eighties, it was very rare to behavior an auction and featured a 28-12 months-vintage female on her own purchase the belongings. Today, it’s regular and proper now; it appears that, evidently, falling costs are inspiring more young ladies than men to shop for their first domestic or funding.
Many young ladies nowadays are independent, financially at ease, and career-oriented. They haven’t had any plans for their own family before age 30, and shopping for belongings is frequently their precedence beforehand of what can be a pricey wedding ceremony.
Women equate property with safety and increasingly view it as a sign of their achievement.
More women than men intend to buy a home or fund belongings over the next 5 years, according to Westpac’s 2018 Home Ownership Report.
The document discovered that a survey of 1,047 homeowners and first home customers found 28% of all women were looking to shop for a domestic for themselves over the next 5 years, as compared to twenty% of men; and sixteen% had been looking for an investment property compared to 13% of men.
The document mirrors long-time tendencies found in the ABS Gender Indicators report posted in 2017, which shows 60% of all Australian women live in houses they own both outright or with a mortgage, compared to 56% of all men. The gender gap is slightly wider amongst more youthful Australians, with 26% women under 35 years having a mortgage compared to twenty% of men in the same age bracket.
Young lady buyers are regularly nicely educated and clued in on the financial system. They’re looking to make clever selections with their money.
