New CoreLogic research shows that 68.2% of Australian women own property, slightly above the 67.4% of men.
However, CoreLogic’s annual Woman and Property report also found women typically take longer to buy their first home, often co-own property, and carry more housing debt, on average.
The study highlighted a significant gender gap in property ownership among young adults, with 51.6% of men aged 18 to 29 owning property compared to just 27.3% of women.
This was attributed to lower average incomes and more part-time or casual work among young women.
Property ownership rates then increase with age for both genders, with CoreLogic head of research Eliza Owen saying this suggests a move towards equality in homeownership.
“Presumably, the gender-based homeownership gap closes in part due to the formation of couples and family households, so while the pay gap between men and women becomes less important for mixed-gender couples, it may pose potential risks during relationship breakdowns,” she said.
If you’re considering buying a home in Sydney, contact me on [email protected] or 0413 766 888.
