Income inequity impacting home ownership: CoreLogic
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Women would need 10 months longer to save for a 20 per cent deposit than men due to lower incomes, according to new research.
CoreLogic has released new research revealing the existence of a substantial gender gap in home ownership across Australia.
According to CoreLogic’s inaugural
Women and Property: State of Play report
, released on International Women’s Day (8 March), men are able to enter the property market sooner, meaning they have more time in market and therefore have greater wealth accumulation.
The report analysed a 2021 snapshot of property ownership by gender across the country, matching the gender of home owners with 41.2 per cent of Australian properties (i.e. excluding properties with joint ownership).
WA’s top-performing regional markets revealed
By Maja Garaca Djurdjevic
11 February 2021
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1 minute read
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Regional Western Australia is booming, with price growth and soaring sales activity recorded in a majority of the nine centres, but consequently almost all regional markets are now in a state of rental undersupply.
Regional Western Australia is experiencing a real price boom, with as many as eight centres trumping December 2019 quarter house price growth figures in December 2020.
Moreover, seven of the nine centres experienced median house price growth from September to December 2020.
According to REIWA president Damian Collins, Port Hedland saw the biggest improvement, with the median price up 9.3 per cent on the quarter and 17 per cent on the year to $270,000.
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