OIP (1)

Tips for women buying property alone

It can seem daunting, but with planning and the right advice buying a home alone can be a smart move.

The days of women waiting for their perfect match to swoop in so they can buy a home with their “significant other” have, for gone. Increasingly, women are doing it for themselves.
Not only do more women own their own homes than men, they’re also more likely to be active in the housing market in the near future.
It’s just 30 years or so since women in Australia have been able to get a mortgage without needing a male guarantor. Yet these days, women are outpacing men in the property market on many fronts, new research shows.

Not only do more women own their own homes than men, they’re also more likely to be active in the housing market in the near future, according to data from Westpac’s home ownership report, released today.

The data – based on a survey of more than 1000 home owners and first home buyers in Australia – shows 71 per cent of women are considering either buying a home or investment property, renovating or selling in the next five years, compared with 61 per cent of men.

Search in sidebar query

“Our research suggests women are becoming savvier and feeling more confident in the property market. They understand that home ownership can lead to greater financial security and adding this was particularly important to women who face income inequality and unpaid maternity leave.

  1. Set Goals
    Book a meeting with a mortgage broker
    Work out what I can afford to pay back
    Create a household budget
  2. Make a list of the must have and the wish list in a property
  3. Research the property prices by
    Suburb
    Number of bedrooms. bathrooms, secure parking
    Units, houses, apartment
  4. Security

 

It’s important to keep this into perspective and ensure you buy smartly, but also that you purchase a property you can see yourself calling home.

During the decision making process, you should be looking for the following:

  • A property within your budget
  • A suburb that suits your lifestyle and goals
  • A property close to all amenities

 

 

 

 

Recent Posts

Find Out More...

Contact us to find out more about our services. We offer a complimentary 30 minute phone consultation.