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Property and analysis company CoreLogic’s report Women and Property: State of Play concludes that the gender pay gap of 9.5 percent is a prime reason for the different ownership levels.
Despite a bigger gender pay gap in Australia of 13.5 percent, women across the Tasman were more likely to own their own property than their New Zealand counterparts.
Women represent 17.4 percent of sole property ownership in New Zealand, compared to 19.2 percent for men, the study found.
The difference of 1.8 percent amounted to more than 31,000 more properties owned solely by men than women in New Zealand, where 1.7 million properties were analysed.
“It may seem small, but when you look at the flow-on effects in the real world, that wealth is created through the working life, and the ability of people to self-provide in retirement means that women are less able to do that, CoreLogic New Zealand country manager Simone Moors told Midday Report.
She said the gender pay gap directly affected women’s ability to buy a home.
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