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Westpac report finds women dominating men in the Australian property market

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A new report has found that when it comes to the Australian property market, women are winning the battle of the sexes.

According to the annual Westpac Home Ownership Report released on Friday, women are more likely than men to buy a home over the next five years.

Almost a third of women (28%) said they would purchase a home compared with a fifth of men (20%).

The report also found that women were more likely to buy an investment property (16%, compared to men at 13%), sell a property (17%, men 14%), renovate (29%, men 27%) over the next five years.

Almost half of women (43%) said that they consider owning their home as a reflection of success. That was a significant increase on last year (34%) and almost double the amount of men who expressed a similar sentiment (22%).

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Toop&Toop chief executive officer Suzannah Toop told News Corp that women tend to focus more on long-term outcomes than men.

“Women try and fit in a lot of things, a career, maybe a family at some point, and tend to have more of a 10 to 15-year outlook about how to fit everything in including home ownership, they tend to have a long-term approach to their goals,” she said.

Source: News.com.au

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