Latest / Best of Business / Kelvin Davidson: Cotality Chief Property Economist on the reports claiming women are being left behind in the property market

Transcript

Kelvin Davidson: Cotality Chief Property Economist on the reports claiming women are being left behind in the property market · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talks. The'd be
• 0:12
  Speaker 1: follow this and our wide range of podcasts now on iHeartRadio.
• 0:16
  Speaker 2: Now, there are warnings young women are being left behind
• 0:19
  Speaker 2: in the property market. According to Totality's latest data, while
• 0:22
  Speaker 2: sixty six percent of millennial men own the home that
• 0:25
  Speaker 2: they live in, only thirty seven percent of millennial women do.
• 0:29
  Speaker 2: Calvin Davidson's Totalities are chief economists and with us now, Hi, Calvin,
• 0:35
  Speaker 2: is this as simple as women earn less, therefore they
• 0:39
  Speaker 2: are less able to buy a property.
• 0:41
  Speaker 3: That's definitely part of it. So we know there's a
• 0:43
  Speaker 3: gender wage care that our survey also talks about the
• 0:46
  Speaker 3: proportion of females earning SA one hundred thousand dollars as
• 0:49
  Speaker 3: an arbitrary figure. That proportion is lower than for males.
• 0:54
  Speaker 3: And also there aren't some non monetary factors too, so
• 0:57
  Speaker 3: it's not just a monetary thing. There's also I'm not
• 1:01
  Speaker 3: sure education is the right word here, but a knowledge
• 1:04
  Speaker 3: piece of information piece that there's sixteen percent of females
• 1:07
  Speaker 3: who don't I a property said they don't own it
• 1:10
  Speaker 3: because they simply don't know how to start, as opposed
• 1:13
  Speaker 3: to six percent of males so yeah, there seems to
• 1:16
  Speaker 3: be a financial challenge here, but also perhaps an information
• 1:18
  Speaker 3: will get to.
• 1:19
  Speaker 4: How do we explain that we're going through the same
• 1:22
  Speaker 4: education system.
• 1:23
  Speaker 3: Yeah, I'm not too sure. I mean, I went through
• 1:26
  Speaker 3: school a little while ago, to be fear so I'm
• 1:28
  Speaker 3: not totally sure what's taught at school now. But you
• 1:30
  Speaker 3: do hear a lot about financial education perhaps missing from
• 1:34
  Speaker 3: the curriculum, which, as you say, is going to be
• 1:35
  Speaker 3: a male and female issue. But you know, a good
• 1:38
  Speaker 3: start would seem to be getting some of these things
• 1:41
  Speaker 3: into schools, just how to budget, how to run them,
• 1:44
  Speaker 3: all these sorts of things, perhaps in this case how
• 1:46
  Speaker 3: to buy a property, and there are guides out there,
• 1:48
  Speaker 3: but it's I guess the case of going and looks
• 1:50
  Speaker 3: for them.
• 1:51
  Speaker 4: Now, how legit is this data, because what your data
• 1:55
  Speaker 4: seees is that among men under the age of thirty,
• 1:58
  Speaker 4: half of them own their houses, the houses that they're
• 2:00
  Speaker 4: live in, and I call bs on that.
• 2:03
  Speaker 3: Yeah, there's going to be potentially in the different cohorts,
• 2:07
  Speaker 3: potentially some sampling issues I suppose you mightn't want to
• 2:10
  Speaker 3: look at as the relativity is here with this is
• 2:13
  Speaker 3: a report aimed at a male versus female type of
• 2:17
  Speaker 3: thing and trying to identify those gaps in myle ownership
• 2:21
  Speaker 3: and sometimes that information. So yeah, you can. I mean,
• 2:24
  Speaker 3: there's always a way to question stats. I think I
• 2:27
  Speaker 3: just point to the relativities here. We know that female
• 2:30
  Speaker 3: ownership is lower at those those younger ages and also
• 2:34
  Speaker 3: those lower incomes, so those are things to work on,
• 2:37
  Speaker 3: I guess. Yeah.
• 2:38
  Speaker 4: All right, Hey, Calvin, appreciate your time.
• 2:39
  Speaker 2: It's Calvin Davidson, Totalities, Chief Property Economists.
• 2:43
  Speaker 1: For more from news Talks B listen live on air
• 2:46
  Speaker 1: or online, and keep our shows with you wherever you
• 2:49
  Speaker 1: go with our podcast on iHeartRadio