Co-ownership, rentvesting and other ways into the market - John McGrath

A new CoreLogic survey shows 63% of Australian adults own at least one property – either their own home or an investment, underlining the continuing great Australian aspiration to own real estate.

The levels of property ownership between men and women are very similar. The survey shows 64.4% of men and 62.7% of women own property.

Among these owners, 76% of women and 73.7% of men own a house. This likely reflects the prevalence of dual income households and the greater ability of couples to afford a house.

The survey also showed that 26.7% of men own an apartment, townhouse or duplex compared to 23.2% of women. This likely reflects the higher rate of investment property ownership among men (14.2%) than women (11.4%). Strata properties are a popular choice for investment because they typically offer superior affordability and rental returns compared to houses.

The survey documents a few relatively new and innovative ways of acquiring property these days.

For example, the rentvesting strategy is equally appealing to men (8.2%) and women (8.5%).