Invest
The 7 regions where women own more properties than men
There are only seven SA4 regions in Australia where women own more properties than men, with the gender pay gap continuing to hamper women’s ability to get onto the property ladder.
The 7 regions where women own more properties than men
There are only seven SA4 regions in Australia where women own more properties than men, with the gender pay gap continuing to hamper women’s ability to get onto the property ladder.
Research released by CoreLogic showed that men have a higher ownership rate than women, with property exclusively belonging to owners identified as female representing 26.2 per cent of those analysed versus 29.9 per cent for owners identified as male.
The stats show Sydney’s Eastern Suburbs, North Sydney, Melbourne’s Inner East and Inner South, Brisbane’s West, Geelong and the Mornington Peninsula are the SA4 regions with higher female ownership.
According to the author of the report and CoreLogic’s head of research, Eliza Owen, women are underrepresented when it comes to purchasing property.
“Women are overly represented in groups that struggle with home ownership, such as single parent households,” she told Smart Property Investment.
“An interesting finding of the report was that one of the most common ownership types was co-ownership, so partnering with a sibling, friend or partner may increase the chance of getting into the property market.”
Despite women finding creative ways to get onto the property ladder, Ms Owen highlighted that more needs to be done.
“However, I believe the responsibility of seeing more women in property ownership should perhaps come back to institutions, government and businesses that can help address the gender pay gap, and support women into higher-paid forms of work,” she said.
Moreover, the research revealed higher rates of female ownership of property in major cities where dwelling values and incomes are typically higher.
CoreLogic estimates Australia’s residential real estate to be worth over $7 trillion. Given there’s a high level of equity held in real estate, Ms Owen explained that for those that don’t own property, “that’s a big source of household wealth and security they don’t have access to”.
With property ownership considered a “pillar” of retirement, Milena Malev, CoreLogic international’s GM, financial services and insurance solutions, stressed the implications women’s lower ownership could have on future living standards and healthcare access.
“This wealth gap becomes a particular challenge around retirement, and it’s well documented that if you still have rental or mortgage costs at the time you retire, then you have a much higher incidence of falling into poverty,” Ms Malev concluded.
RELATED ARTICLES
About the author
About the author
Property
Young buyers poised for a comeback as 5% First Home Guarantee takes effect
In a move set to reshape the Australian property landscape, the government’s revamped First Home Guarantee is poised to open the doors of homeownership to a new generation of young AustraliansRead more
Property
AFG Securities waives settlement fees for first-home buyers, signalling strategic shift
In a strategic move aimed at easing the financial burden on first-home buyers, AFG Securities has announced the elimination of settlement fees on select loans, potentially saving customers up to $699Read more
Property
From trust woes to wealth: Australian agencies' secret to boosting prices
In Australia’s residential market, trust is no longer a nice-to-have—it’s a pricing variable. Persistent distrust of real estate agents is depressing vendor outcomes and inviting regulatory heat, but ...Read more
Property
Reality check for first home buyers: Affordable suburbs with 5% deposit
In a significant development for Australian first home buyers, a new property search tool from Aussie Home Loans is set to transform the way prospective homeowners approach the market. As the Federal ...Read more
Property
Trust as a performance multiplier in Australia's real estate market
In Australia’s A$10–11 trillion housing market, trust is emerging as a crucial factor that sellers and agencies can no longer afford to overlook. Traditionally viewed as a soft metric, trust is now ...Read more
Property
LJ Hooker Lake Macquarie makes a splash with Belmont buy as real estate consolidation looms
LJ Hooker Lake Macquarie’s acquisition of the Belmont office, including its rent roll, is less about shopfronts and more about balance‑sheet resilience. In a market where listings ebb and flow with ...Read more
Property
Twice the demand: the case study behind Melbourne’s first‑home buyer surge
Melbourne has quietly engineered one of Australia’s most consequential housing turnarounds, with first‑home buyer demand running at roughly double the national pace and four of the top five buyer ...Read more
Property
First‑home buyers now anchor Australia’s mortgage growth — but the risk maths is changing
Great Southern Bank’s revelation that nearly one in three of its new mortgages went to first‑home buyers is not an outlier. It is the leading edge of a broader market realignment powered by government ...Read more
Property
Young buyers poised for a comeback as 5% First Home Guarantee takes effect
In a move set to reshape the Australian property landscape, the government’s revamped First Home Guarantee is poised to open the doors of homeownership to a new generation of young AustraliansRead more
Property
AFG Securities waives settlement fees for first-home buyers, signalling strategic shift
In a strategic move aimed at easing the financial burden on first-home buyers, AFG Securities has announced the elimination of settlement fees on select loans, potentially saving customers up to $699Read more
Property
From trust woes to wealth: Australian agencies' secret to boosting prices
In Australia’s residential market, trust is no longer a nice-to-have—it’s a pricing variable. Persistent distrust of real estate agents is depressing vendor outcomes and inviting regulatory heat, but ...Read more
Property
Reality check for first home buyers: Affordable suburbs with 5% deposit
In a significant development for Australian first home buyers, a new property search tool from Aussie Home Loans is set to transform the way prospective homeowners approach the market. As the Federal ...Read more
Property
Trust as a performance multiplier in Australia's real estate market
In Australia’s A$10–11 trillion housing market, trust is emerging as a crucial factor that sellers and agencies can no longer afford to overlook. Traditionally viewed as a soft metric, trust is now ...Read more
Property
LJ Hooker Lake Macquarie makes a splash with Belmont buy as real estate consolidation looms
LJ Hooker Lake Macquarie’s acquisition of the Belmont office, including its rent roll, is less about shopfronts and more about balance‑sheet resilience. In a market where listings ebb and flow with ...Read more
Property
Twice the demand: the case study behind Melbourne’s first‑home buyer surge
Melbourne has quietly engineered one of Australia’s most consequential housing turnarounds, with first‑home buyer demand running at roughly double the national pace and four of the top five buyer ...Read more
Property
First‑home buyers now anchor Australia’s mortgage growth — but the risk maths is changing
Great Southern Bank’s revelation that nearly one in three of its new mortgages went to first‑home buyers is not an outlier. It is the leading edge of a broader market realignment powered by government ...Read more
