Womanly.Info

 

Woman Investment Real Estate Buyers

Despite rising mortgage rates, women remain avid property investors. In fact when it comes to satisfaction with their choice of investment, women with property out perform their male counterparts.

In a recent survey of property owners by investment house, women were more upbeat about their choice of property than men, with one in six aiming to build their portfolio with as many properties as possible.

The majority (55%) of women interviewed own one investment property, while 41% own between two and five properties. The remainder own over six properties with a small, but noteworthy, proportion of 1% owning a staggering 11 or more investment properties.

According to Mortgage Watch national manager corporate affairs, John O'Rourke, women are increasingly making a big impact on the investment property market. He says: "You only have to visit a handful of sales to realise how many women are confidently investing in real estate, often solo."

Property has long been a favourite among Australian investors though the survey identified different points of appeal between the genders. Apparently, women are more likely to opt for houses in a bid to set themselves up for the future.

Men, on the other hand, are more likely to buy property for the tax breaks, provided by negative gearing. This could be a possible reflection of salary differences between the genders.

Mary Browne, author of a recently published book about property investment says: "Women have always been comfortable with the touch and feel' aspects of property investing."

She adds: "With the increasing number of divorcees and single women, women are often conscious of the need for security, and real estate caters to that need on a psychological level."

A spate of rate hikes may have left home investors worried, but it doesn't seem to be fazing female property investors who are adopting a range of measures to cope with higher interest charges.

According to Mortgage Choice, over one third of female investors manage their own rental properties versus 33% of men, saving on professional property management fees which can be around 6% of gross rent.

And despite a well publicised rental rent creep, female landlords are likely to be more understanding with tenants. Only 24% of women have raised the rent on their investment property, compared to 37% of men.

Gender shouldn't be a factor when it comes to finance. Paul Skelly, a Mortgage Specialist with Citibank, says: `Lenders don't discriminate between male and female. It comes down to security, your ability to pay and your track record."

He said that men appear to have a clearer idea of the sort of loan they want. He advises: "Do plenty of homework, be prepared to take advice, and if you are still unsure, speak to someone you know and trust."

Author: Robert

 

Womanly.Info

 

More Resources:

Avon - Be Your Own Boss!
You can be your own boss and make your own schedule - with Avon, The Company for Women, you can have it all! Earn from home, earn online. Be your own boss! Learn more about the earnings opportunity of becoming an AVON representative and join today!