Women are better educated, earning higher salaries and are now in search of their perfect properties. Watch out because women have now become a force to be reckoned with in the housing market.
Australian women just like their American counterparts have been evolving and growing their skills in order to become more financially independent.
They have now reached a level of self sustainability which allows them to go on the hunt for their perfect property. A change due to a combination of higher education, better training and improvements in working conditions.
This is supported by a recent national Home Loan Hints survey which found:
- 58 % of people looking for a home loan were female, making women the dominant gender in the market.
- 38% were looking for a first home compared to 30% of men.
According to the Australian Bureau of Statistics the last 25 years have seen the biggest changes to the state of women's economic circumstances.
In 1982, woman aged between 18 and 64 years earned 31% of all income received by men and women in this age group. By 2005-06, this had increased by 38%.
The Home Loan Hints survey also found that women are more likely to educate themselves about the mortgage market through online searches and shopping around, while remaining less influenced by biased information when compared to men.
It is great to see women take such an active role in sustaining their financial future, becoming more independent and living the Australian dream.
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