Women home in on profit

Townsville Bulletin - - NEWS -

WOMEN are prov­ing their place is in the home, with fe­male in­vestors mak­ing more prof­its than male coun­ter­parts.

Anal­y­sis of Aus­tralian Tax­a­tion Of­fice fig­ures has re­vealed women are prov­ing more adept at in­vest­ing in real es­tate over the long term, buy­ing prop­er­ties with bet­ter re­turns and long- term growth.

The pro­por­tion of women who own an in­vest­ment prop­erty has also risen at a faster rate than men in re­cent years, de­spite women earn­ing less than men on av­er­age.

Calla Prop­erty’s Su­san Far­quhar, who men­tors men and women on get­ting into the mar­ket, said Aussie women were bet­ter in­vestors be­cause they took a keener in­ter­est in prop­erty and were more com­fort­able com­mit­ting to a mort­gage at a younger age.

They were also bet­ter at sav­ing for a de­posit, more in­clined to seek ad­vice and less prone to risky in­vest­ments, she said.

“Women tend to start when they’re be­low 35, of­ten when they’re still sin­gle,” Ms Far­quhar said.

“Much fewer men will in­vest when they’re sin­gle and they tend to wait till they’re older and in a se­cure re­la­tion­ship.”

Women’s keener fo­cus may help ex­plain changes in the gen­der bal­ance of prop­erty own­er­ship.

Roughly 13 per cent of women tax­pay­ers owned an in­vest­ment prop­erty in 2010 but in five years the fig­ure rose to 15.2 per cent, ac­cord­ing to ATO data.

In the same pe­riod, the pro­por­tion of men with an in­vest­ment prop­erty was con­sis­tent, go­ing from just un­der 15 per cent to 15.7 per cent.

About 47 per cent of all in­vest­ment prop­er­ties are now owned by women.

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