The fifth edition of CoreLogic’s Women and Property has found a “strong parity” in dwelling ownership between men and women, where of the 63 per cent of Australian adults owning at least one dwelling, 62.7 per cent were female, compared to 64.4 per cent being male.
The research was based on survey results conducted by Lonergan Research, which surveyed 1,007 male and female home owners over the age of 18.
According to the survey, 76 per cent of women who owned a property owned houses, compared to 73.7 per cent of men, while 23.2 per cent of women reported owning a strata property (including apartments, town houses, or duplexes) compared to 26.7 per cent of men.
Rentvesting rates were also similar among males and females, with CoreLogic saying that 8.5 per cent of females did not own the home they lived in, compared to 8.2 per cent of men.
In regard to investment property ownership, the research found that 45.3 per cent of respondents said that they owned their property with another person.
This was more common among male cohorts at 48.2 per cent compared to 42.2 per cent of women. Meanwhile 91.9 per cent of women reported being joint owners of a property with a romantic partner, while 89.2 per cent of men reported the same.
However, overall residential property investment was higher across males at 14.2 per cent than females at 11.4 per cent.
When analysing the data by age, the largest gap in ownership of residential investment properties was seen among Gen Z respondents (ages 18–29).
According to the survey, 13.8 per cent of young men owned at least one investment property, compared to just 6.4 per cent of young women. In contrast, the smallest gap was observed among Baby Boomers, with around 10 per cent of men and 11.3 per cent of women owning at least one investment property.
When it comes to barriers preventing individuals from entering the property market, affordability was identified as a larger challenge for women, with 41 per cent of female respondents saying price was the most common challenge, compared to 37.1 per cent for men.
By age, over half of Gen Z (53.6 per cent) and Millennial (53.8 per cent) women identified expensive and rising prices as a challenge when going through the home buying process, significantly higher than the 16.8 per cent of female Baby Boomers.
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