What women really want
The war of the sexes has discovered a new battleground – the arena of homeownership expectations.
According to a recent Westpac Bank study, 87 per cent of Gen Y women aged between 18 and 34 say owning and paying off their home loan is a priority in their lives.
However, only 79 per cent of Gen Y men put home ownership high on their life goals.
The report also detailed that Gen Y women had a better understanding of the home loan market, with 81 per cent of female respondents understanding what a variable rate home loan was compared to only 60 per cent of Gen Y males.
They were also more likely to list repaying their home loan as an immediate and important goal, with 73 per cent of Gen Y women listing faster home loan repayments as a goal – compared to only 56 per cent of Gen Y men.