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Gen-Y women put home ownership as top goal Story by Alexandra Patrikios, AAP Once upon a time, a woman’s place was in the home; these days, she wants to own it. Almost half of Gen-Y women say owning their own home is their number one goal, according to an online Westpac survey of more than 1,500 Australians. Home ownership ranked above having children and getting married, which trailed behind at 14 per cent and five per cent respectively. The findings suggest GenY women want to lay their financial foundations before pursuing other life goals, Westpac general manager of retail banking Gai McGrath said.
‘It seems it is only once they are comfortable with their financial position that they are ready to look at other lifetime priorities,’ she said. More female respondents than their male peers also put buying and paying off a property as their top lifetime ambitions. For public relations graduate Clair White, 22, having a property of her own is the best way to protect herself against the unpredictability of life. Ideally she would be able to purchase a house with a partner, but she wants to be prepared to go it alone. ‘Most people want that husband, 2.5 kids, standard life,’ she told AAP.
‘But I think you have to keep in mind your own interests – you can’t just be relying on that dream life.’ Learning from her parents’ generation, Ms White says ‘getting it done early’ seems like the best approach when it comes to entering the property game. She’d love to own an investment property one day, and plans to start saving a deposit as soon as she gets a full-time job. But considering she’s just come back from a five-month overseas trip, that might take a while. In the meantime, she says there’s no harm in looking. ‘I’m actually addicted to the Domain app. I look at houses all the time!’
Conference examines the housing industry The overarching theme for the upcoming National Housing Conference 2013 is ‘a new way home…’ According to the Australian Housing and Urban Research Institute (AHURI), ‘The housing industry is facing a critical juncture in 2013’. ‘The federal election, review
of the National Affordable Housing Agreement, new national agreement on homelessness, new National Disability Insurance Scheme and launch of a national regulatory framework for not-for-profit providers are all taking place against a backdrop of continued housing undersupply and
affordability problems. ‘These events mark 2013 as a particularly critical time and the National Housing Conference 2013 is perfectly timed to provide the opportunity for all housing industry sectors to come together.’ Urban renewal and the
says AHURI. ‘But one of the biggest ongoing challenges has always been how you supply of affordable housing is increase community engageone the areas the conference ment in the process, and will be looking at. develop productive working ‘The idea of affordable relationships with communihousing solutions being enties to deliver affordable houshanced by considering the physical design, economic and ing solutions. ‘The major concurrent sessocial aspects of neighboursion in this program theme hoods and communities has been around for some time,’ will bring together a number
of experts in urban renewal to open up a broad-ranging conversation on infill housing specifically, with an interactive panel discussion. The second concurrent session examines the geographies of disadvantage, and the role of housing and urban renewal in addressing this.’ Find out more at http://nhc. edu.au/adelaide2013/.
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40 September 17, 2013 The Byron Shire Echo
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