Specialist lender, RAMS Home Loans has recent data suggesting “There is a growing trend towards sole home loan applications from women.
RAMS Chief Operating Officer, Susan Bannigan said “The last year has seen the number of sole home loan applications submitted to us by women reach an almost 50 per cent nationwide split with sole male applicants who usually make 70 per cent of sole applications.”
The lender said this is no surprise.
According to RAMS CEO Melos Sulicich, “Our experience shows women have become very comfortable and knowledgeable about the process of buying property. It's interesting to speculate on what might be required to accommodate the housing needs and plans of increased sole female buyers. We can’t classify these buyers as single women as they may not be.” said Mr Sulicich.
The trend towards sole female property ownership also has variations across states.
Cheryl Haywood, Principal of RAMS Southern Vales in South Australia said “I’ve dealt with a number of single female refinance deals as newly single women reposition themselves as the household owner as a result of a marital or relationship breakdown. These kinds of deals are becoming more and more common.”
Jenny Karabatsos, Business Manager at RAMS Alphington in Victoria says she has noticed the change at her local office, “Over the last year we’ve seen a definite increase in the number of women visiting us to talk about sole application home loans.
“The majority tends to be for owner occupier loans but there is also an increase in the number of women buying for investment purposes.”
