Woman Investment Housing Investors

Despite rising mortgage rates, women remain enthusiastic property investors. In fact when it comes to satisfaction with their method of investment, women with property out-rate their male counterparts.

In a recent survey of property owners by investment house, women were more upbeat about their choice of bricks and mortar than men, with one in four 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 six-plus properties with a small, but noteworthy, proportion of 1% owning a staggering 11 or more investment properties.

According to Property Choice national manager corporate affairs, Luke O'Rourke, women are increasingly making a huge impact on the investment property market. He says: "You only have to visit a small number of auctions to work out how many women are confidently investing in property, often solo."

Property has long been a favourite among Australian investors though the survey identified different points of appeal between the sexes. 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 minimisation, provided by negative gearing. This could be a possible reflection of wage differences between men and women.

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

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

A spate of loan interest hikes may have left home investors nervous, but it doesn't seem to be discouraging 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 7% of gross rental income.

And despite a well publicised rental rent creep, female landlords are likely to be more sympathetic with their tenants. Only 24% of women have raised the rent on their investment property, compared to 38% of men.

Gender shouldn't be a factor when it comes to finance. Paul Grogan, a Mortgage Specialist with St George, says: `Mortgage service companies don't discriminate between male and female. It comes down to security, your ability to pay and your credit history."

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."

Article Source: http://www.hostcontent.net

The article is brought to you by Kevin Young, CEO of the Investors Club. The Investor's Club help people build wealth through sound property investment with a long-term outlook.

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