Mortgage Choice moves to support women property investors

by Gerv Tacadena20 Oct 2020

In an effort to boost Australian women’s financial literacy and knowledge around investing, Mortgage Choice has partnered with online platform Tilly Money to create a series of educational content.

Under the new arrangement, Mortgage Choice will provide Tilly Money a range of content, from articles to podcasts, which examine topics related to finances and investing. The aim fits well with the mission Tilly Money launched with in August: to empower women and to eradicate the gender pay gap.

Susan Mitchell, Mortgage Choice CEO, said the partnership will help the group equip women with the necessary knowledge to take control of their finances and make informed decisions on property investing.

"We believe that financial education and independence is crucial to female empowerment.  Tilly Money helps women bolster their financial literacy to make important financial decisions, grow wealth, and prosper independently," she said.

Also read: A word from broking’s top-performing woman

Mitchell explained the desire to further support women was in part due to the results of a recent Mortgage Choice study which revealed an increasing number of women would like to break into the property market.

In fact, the share of women planning to invest in property went from 25% in 2019 to 30% this year. The study also revealed that women are more likely to venture into property to end the rent cycle than men.

"A solid foundation provided by education and access to expertise goes a long way to giving women the confidence to make such significant financial decisions like purchasing property," said Mitchell.

Mortgage Choice's partnership with Tilly Money is also in line with the Aspire initiative the aggregator launched early this year which, an initiative which aims to help the next generation of women business owners within the group’s mortgage broking and advice networks.

"We see the partnership with Tilly Money as another avenue to support Australian women," Mitchell said.

"Historically, financial decision making, and wealth creation has been associated with the male gender role stereotype and, despite shifting considerably in recent decades, there is still more work to do."