Powered by MOMENTUM MEDIA
subscribe to our newsletter

Women more likely to own a home than men

Women are more likely to enter the property market, and do so at a younger age, than their male counterparts, according to newly released ABS data.

According to the Australian Bureau of Statistics’ (ABS) latest Gender Indicators Report, women are now getting onto the property ladder earlier and more often than their male counterparts.

The annual report utilised data from across ABS publications and other data reports in order to compare outcomes for women and men in various social and economic domains.

It found that the gender gap between men and women is closing in some areas.

For example, it found that – in the period 2017-18 – 58.6 per cent of Australian women lived in a home that they had bought or were buying with a mortgage, compared with 55.5 per cent of males.

Advertisement
Advertisement

Further, women were getting their start on the property ladder earlier than their male counterparts, with 24.3 per cent of women aged 15 to 34 having bought a home with a mortgage, against 18.3 per cent of men of the same age.

However, home ownership rates for both women and men have dropped slightly over the last decade, according to the data, with falls of 3.6 and 3.3 percentage points, respectively, since 2007-08.

Over the past decade, women’s median superannuation balance at, or approaching, preservation age (the age at which you can access super) has increased at a faster rate than men, but a significant gap remains.

According to the 2017-18 data, the median superannuation balance for women aged 55-64 was $119,000 compared with $183,000 for men of the same age.

[Related: Concern raised as lending commitments continue to rise]

PROMOTED CONTENT


Women more likely to own a home than men
mortgagebusiness

Hannah Dowling

Hannah Dowling is a journalist for mortgage business, the leading source of news, opinion and strategy for professionals working in the mortgage industry.

Prior to joining the team at Mortgage Business, Hannah worked as a content producer for a podcast catering to property investors. She also spent 6 years working in the real estate sector at a local agency. 

Hannah graduated from Macquarie University with a Bachelor of Media and Journalism. 

You can email Hannah at: This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest News

The non-bank lender has announced the launch of specialist interest-free finance option for renewable energy technology. ...

The ME Bank acquisition will widen Bank of Queensland’s customer base to more than 1 million, according to new data from Roy Morgan. ...

The “high end” of the property market in the capital cities has benefited the most from the recent housing upswing, jumping 2.7 per cent...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: How the broking industry has evolved - and what's next for Aussie

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.