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ONCE upon a time, a woman’s place was in the home – these days, she wants to own it.

Sep 12, 2013 | Property Market

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 Gen-Y 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 also put buying and paying off a property as their top lifetime ambitions than their male peers.

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!”

From: “The Australian Website”

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