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Speaker 1: Now there are warnings young women are being left behind

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Speaker 1: in the property market. According to Totality's latest data, while

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Speaker 1: sixty six percent of millennial men own the home that

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Speaker 1: they live in, only thirty seven percent of millennial women do.

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Speaker 1: Calvin Davidson's Totalities are chief economists and with us now

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Speaker 1: high Calvin, is this as simple as women earn less,

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Speaker 1: therefore they are less able to buy a property.

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Speaker 2: That's definitely part of it. So we know there's a

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Speaker 2: gender wage cap that our survey also talks about the

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Speaker 2: proportion of females earning SA one hundred thousand dollars as

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Speaker 2: an arbitrary figure. That proportion is lower than for males.

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Speaker 2: And also there aren't some non monetary factors too, so

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Speaker 2: it's not just a monetary thing. There's also I'm not

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Speaker 2: sure education is the right word here, but a knowledge

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Speaker 2: piece of information piece that there's sixteen percent of females

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Speaker 2: who don't own a property said they don't own it

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Speaker 2: because they simply don't know how to start, as opposed

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Speaker 2: to six percent of males. So yeah, there seems to

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Speaker 2: be a fineial challenge here. But also perhaps an information

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Speaker 2: will get to.

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Speaker 1: How do we explain that we're going through the same

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Speaker 1: education system.

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Speaker 2: Yeah, I'm not so sure. I mean, I went through

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Speaker 2: school a little while ago to be here, so I'm

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Speaker 2: not totally sure what's taught at school now. But you

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Speaker 2: do hear a lot about financial education perhaps missing from

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Speaker 2: the curriculum, which, as you say, is going to be

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Speaker 2: a male and female issue. But you know, a good

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Speaker 2: start would seem to be getting some of these things

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Speaker 2: into schools, just how to budget, how to run them,

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Speaker 2: all these sorts of things, perhaps in this case how

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Speaker 2: to buy a property, and there are guides out there,

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Speaker 2: but it's I guess the case of going and looks

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Speaker 2: for them.

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Speaker 1: Now, how legit is this data, because what your data

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Speaker 1: sees is that among men under the age of thirty,

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Speaker 1: half of them own their houses, the houses that they're living,

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Speaker 1: and I call bs on that.

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Speaker 2: Yeah, there's going to be potentially in the different cohorts,

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Speaker 2: potentially some sampling issues I suppose you mightn't want to

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Speaker 2: look at as the relativity is here with this is

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Speaker 2: a report aimed at a male versus female type of thing,

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Speaker 2: and and trying to identify those gaps in my ownership

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Speaker 2: and sometimes at information. So yeah, you can I mean

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Speaker 2: there's always a way to question stats. I think I

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Speaker 2: just point to the relativities here. We know that female

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Speaker 2: ownership is lower at those younger ages and also those

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Speaker 2: lower income, so those are things to work on. I guess. Yeah.

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Speaker 1: All right, Hey, Calvin, appreciate your time. It's Calvin Davidson, Totalities,

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Speaker 1: Chief Property Economists. For more from Hither Duplessy Alan Drive,

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