A new CoreLogic survey shows 63% of Australian adults own at least one property – either their own home or an investment, underlining the continuing great Australian aspiration to own real estate. 

The levels of property ownership between men and women are very similar. The survey shows 64.4% of men and 62.7% of women own property. 

Among these owners, 76% of women and 73.7% of men own a house. This likely reflects the prevalence of dual income households and the greater ability of couples to afford a house. 

The survey also showed that 26.7% of men own an apartment, townhouse or duplex compared to 23.2% of women. This likely reflects the higher rate of investment property ownership among men (14.2%) than women (11.4%). Strata properties are a popular choice for investment because they typically offer superior affordability and rental returns compared to houses.

The survey documents a few relatively new and innovative ways of acquiring property these days. 

For example, the rentvesting strategy is equally appealing to men (8.2%) and women (8.5%). 

Rentvesting is where you buy an investment property in an area you can afford, while you rent a home (or live with Mum and Dad) elsewhere – typically in a more desirable lifestyle area. 

Many young people have chosen this pathway into property instead of buying their own homes first.

Another pathway into property is co-ownership. 

While it’s common to see couples buying a home or investment property together, a significant proportion of today’s buyers are purchasing investment properties with friends or family members. 

Among the survey respondents who own an investment property, 45.3% are co-owners rather than sole owners. 

Co-ownership is more common among men (48.2%) than women (42.2%), and the majority of joint owners purchased their investment properties with a spouse or partner. 

But it’s interesting to note that 9.9% of men who co-own an investment property purchased it with a male friend or family member, and 5.5% purchased with a female friend or family member. 

Among female investment property co-owners, 7.5% purchased with a female friend or family member and 2.3% purchased with a male friend or family member. 

Rentvesting and co-ownership with friends and family are two examples of how the market has adapted to rising affordability challenges over the years. 

Leveraging the Bank of Mum and Dad is another increasingly popular means of gaining a foothold in the market. 

Buying property has been a simple and winning wealth strategy for generations of Australians. 

Residential property is an accessible asset for small investors and easy to understand. And with the ability to leverage a 20% deposit to secure a serious growth asset, it will continue to attract strong investor interest particularly with the younger generations.  

And with the capital asset growth in your own home being the last remaining tax-free haven, it is a very attractive option to continue to upgrade your home, if possible.

The demand for quality residential property is increasing each year. 

With self-managed super funds, private investors and large investment funds all keen to get set in growth locations, there is no sign of the upward price growth trajectory slowing any time into the future.  

By John McGrath, Chief Executive Officer of McGrath Estate Agents. 

For more information including articles, checklists, guides and more visit McGrath’s Insights Centre.

More Readings from John McGrath: 

John McGrath – Positive signs for Autumn season 

John McGrath – How the housing landscape is changing 

John McGrath – Hobart offers superior affordability and lifestyle 

John McGrath – Ongoing growth factors powering Brisbane market

John McGrath – What’s ahead for property in 2025