As part of International Women’s Day, The Fox Jess Brady, sat down with Realestate.com.au to chat about the gendered disparity in property ownership.
On March 8th (International Women’s Day) CoreLogic released its inaugural Women and Property Report, revealing the relationships between the gender pay gap and the gender wealth gap.
Specifically, the report highlighted how the 13.4% pay gap has impact women’s ability to access homeownership.
So, the team from Realestate.com.au called on Jess to chat about what needs to be done to address the property ownership divide between the sexes.
Jess revealed that this gender pay gap impacts both when and where women can get into the property market.
“If we can do more to get younger people into the property market earlier, it’s obviously going to have a big impact for women because it’s highly likely that they’ll be earning an income and be pre-children,” she said.
“If they do decide to have children or need to sell their property later in life, hopefully, they’ve been able to knock down some debt and build some equity,” Jess tells.
Based on the average weekly full-time earnings for men and women, it would take women an additional 10 months to save for a 20 percent deposit on the current median Australian dwelling value.
Read more insights from our experts
Emergency Town Hall: What’s Jim Doing with the Budget?
Mission-Critical or Media Noise? Financial freedom should be defined by your strategy, not the changing whims of the political cycle. Last week,...
Interior Design Decoded: Your Framework for a Beautiful, Functional Home.
The Cost vs. The Joy of Living Australia is a nation of property addicts. We talk about buying property, we talk about renting...
From Big Firms to Big Dreams: How Maira Engineered Her Corporate Exit.
The architecture of financial freedom. In short: Walking away from a secure income is terrifying, especially with a family and a mortgage – but...
What’s Donald Doing in Iran?
Stormy Seas Ahead? Recently, Fox & Hare Co-founder Glen Hare caught up with Hugh Lam, Investment Strategist at BetaShares, to discuss the escalating situation...
Your Membership has Changed: What’s New & How Will You Benefit?
Our memberships have changed! Recently, Fox & Hare made the most significant changes to our ongoing membership structures since the business’s inception. To ensure our...