Sisters are doing it for themselves

If you’re one of the growing number of women looking to enter the property market on your own – you’re not alone!

Despite Australia’s continued gender pay gap, recent CoreLogic data shows that the number of women buying property on their own over the past year was a near-match to men, who have traditionally dominated the market.

The percentage of independent women buyers increased to 28.3% in 2020, compared to men at 29% for the same period.

So, if you’re on your own and ready to take the leap – here are a few things to consider.

Preparation is key

Single women are one of the fastest-growing homebuyer demographics – and their success is due to preparation.

Getting your finances in order, clearing debts and saving for a deposit are all key to homebuyer success. Borrowers can also give themselves the upper hand by getting home loan pre-approval, allowing them to place offers with confidence.

Resources at the ready

With a growing number of financial resources for women, from podcasts, like She’s on the Money to industry recognitions such as Women in Finance Awards to help guide you towards institutions with strong diversity and inclusion values, there’s more help for women homebuyers than ever before.

If the values of the lender you join matter to you, then it’s worth doing your homework. Non-bank lenders like Liberty are founded on the pursuit of financial inclusion, with strong core values in diversity to provide free-thinking finance solutions to more people.

Help is here

Getting a home loan can feel daunting. But working with an experienced mortgage broker can help any borrower to get onto the property ladder sooner. You may be closer to homeownership than you realise, and a broker can help you get there.

With a comprehensive understanding of the mortgage market, a broker such as a Liberty Adviser can guide women borrowers through the process to help them assess all their options.