Occasionally, I’m asked whether women make better property investors than men. In my experience, women approach investing differently to men – it’s not about being better or worse.
Women are great listeners, for example. And they’re more open to seeking advice from professionals like financial planners and mortgage brokers. Men, on the other hand, can sometimes blunder their way through with an “I’ll do it my way” attitude.
This is not an ideal approach for anyone. The more questions you ask and the more informed you are, the better the position you’ll be in to make sound financial decisions.
I find that men and women offer different perspectives, but both are relevant. One person might be good with figures, for instance, while the other may be more organised with paperwork. Generally, the property investment process goes more smoothly when everyone is involved and on the same page.
What’s really encouraging, though, is that more women are now taking an interest in building their wealth and even becoming property investors, regardless of whether they’re in a relationship or not.
With statistics revealing that 30 per cent of females retire with no personal income and that women retire with only half the super that men do, it’s easy to see why it is so important for women – and men – to plan for their financial future.
*The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Dwyer Property Investments recommends that you seek independent legal, financial and taxation advice before acting on any information in this article.