Australia: Women 'waiting out' property slowdown

A research done by Panorama Nielsen Media Research found out that Woman tends to be more faithful than man in property investments.

"Men have responded by selling their investment properties in large numbers while women are waiting out the market slowdown," said by Wizard Home Loans who commissioned the research.

From the research shown that the number of Australian men with an investment property dropped by almost 19 per cent from 568,000 in June 2004 to 462,000 in June 2006, showing one in five male property investors quit residential property altogether. However, in the same period, the number of women dipped by less than one per cent from 405,000 to 401,000. In other word, it mean women are selling their investment properties at a rate of only one in one hundred women.

Wizard Home Loans chairman Mark Bouris said the research dispelled the myth that men have more of a foothold in the property market. The research is also further proof that women are closing the gap on male property investors and reaffirms Wizards conviction that women are the new driving force of the Australian property market.