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Women - Leading the Way

Women - Leading the Way

  • 26 Mar 2018
  • Meg Georkas

Women are winning the battle of the sexes in the property domain as financial challenges like the gender pay gap and taking time off work to have kids push them to find alternative or additional income streams.

This is the finding of Westpac’s latest Home Ownership Report, which reveals Aussie women are now significantly more likely than men to be planning some sort of real estate action in the next five years.

This included buying a home (28 per cent of women versus 20 per cent of men), buying an investment (16 per cent, 13 per cent), selling a property (17 per cent, 14 per cent) and renovating (29 per cent, 27 per cent), according to the survey of more than 1000 Australians.

Female first home buyers were twice as likely to consider buying an investment property in the short-term. Women’s attitudes towards home ownership have also seen a major shift in the past year, with 43 per cent of female first home buyers strongly believing that ‘owning your own home is a reflection of your success in life’, compared with 22 per cent of men.

Westpac head of women’s markets, Felicity Duffy said the survey findings foreshadowed a spike in home loan applications from women over the next five years.

She said women faced “unique financial challenges”, including income inequality and having to take time out of their jobs to have children or care for elderly parents, which impacted their short- and long-term security. “They’re taking matters into their own hands and increasingly investing in property as a potential way to secure their financial futures,” Ms Duffy said.

While traditionally buying a home was something a woman did with her partner, more were entering the market on their own as they became financially independent and got married later in life, she said.

(Source: Westpac Home Ownership Report 2017, based on a survey of 1000 Australians)

Opinions are those of Meg Georkas and may not reflect those of others.

High Quality & Exceptional Service!

Peter, Ali and the team at Hutchinson & Harlow were excellent to work with. We were provided with outstanding level of professionalism and service. Hutchinson and Harlow have a good understanding of the real estate market in Armidale and surrounding regions. Their sales and marketing approach was fantastic, attracting a lot of interest and providing us with a sale at the right price quickly. Ali was brilliant to deal with. She kept us will informed, catered to our needs and made selling the house a seamless experience.

- Leah Cook (Vendor)
Armidale

Reliable and Honest Agent

Peter Georkas was honest, upfront and he and his team were friendly and efficient. Selling a property is a big decision and I felt supported and included in the process at every step of the way. Peter is a warm agent who acts with integrity. I would highly recommend him and his team.

- Zeva (Vendor)
Armidale

Brilliant agent!!

For many years we have bought and sold with Peter and the HH team..we wouldn’t consider using anyone else..
The service is professional, yet friendly..at all stages of the buying and selling processes the clients are kept up to date...
All members of the team are delightful, friendly and helpful..
We can confidently state that the HH team will be the right choice for you..
Don’t waste your time shopping around-go straight to the professional team with years of experience...you’ll be glad that you did!!

- Justin & Vanessa (Vendor)
Armidale

Ali sold my investment property

Ali sold my investment property in April 2018. I would recommend Ali from H&H. H&H held regular open houses and were following up with all enquiries on the home.

- Patricia (Vendor)
Armidale