Podcasts Business Your First Home Buyer Guide Podcast Womens Financial Empowerment Through Homeownership

Womens Financial Empowerment Through Homeownership

Published: March 28, 2023, 7 p.m.

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Did you know that women over 55 are the fastest-growing cohort of homeless in Australia, and only a quarter of property investments are owned by women? The gender pay gap, social norms, and other barriers make it difficult for many women to achieve financial stability. However, despite these challenges, homeownership and financial stability is still attainable for women.

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In this episode, we explore the critical role that homeownership plays in women\'s financial empowerment. Our guest, Nicola McDougall, co-author of The Female Investor, shares her expertise on how women can create wealth through property ownership and achieve financial independence.

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Nicola highlights the unique challenges that women face when it comes to achieving financial stability, as well as the benefits of homeownership, such as building equity and generating passive income. By discussing how women can take control of their financial futures through property ownership, we aim to inspire and empower women to achieve their financial goals.

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If you\'re a woman looking to take control of your financial future, then this episode is for you. Don\'t miss out on this empowering conversation of the Your First Home Buyer Guide Podcast to learn more about how homeownership can contribute to a woman\'s financial empowerment.

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Episode Highlights:

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00:00 - Introduction

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04:46 - The gender pay gap issue and how women can overcome it

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06:38 - What\\u2019s the impact of biological differences on a woman\\u2019s finances?

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08:38 - Is gender bias still holding women back in finance education?

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14:12 - Nicola\\u2019s backstory and her role at PIPA (Property Investment Professionals of Australia)

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18:53 - How PIPA impacted a detrimental real estate legislation in Queensland

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23:54 - Homeless women in Australia: Is the rental crisis to blame?

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25:40 - Useful tips for women in building financial security through homeownership

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31:46 - Why is starting early key to a woman\'s financial security through homeownership?

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35:39 - Why the power of female voices in finance matters

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39:13 - How women can avoid the pitfalls of misleading financial and property advice

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46:12 - The ugly reality of get-rich-quick schemes in real estate

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49:57 - Nicola\\u2019s parting advice for women who are first home buyers

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About Nicola McDougall:

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Nicola McDougall is Director at Bricks & Mortar Media \\u2014 a PR and media consultancy focused on property and finance. With over 19 years of experience, she is an award-winning journalist, professional writer, and editor in Australia and New Zealand. She was previously the editor of Australian Property Investor magazine and authored "The Female Investor - Creating Wealth, Security, and Freedom Through Property." Nicola joined the Real Estate Institute of Queensland (REIQ) in 2006 and became Executive Manager Corporate Affairs, where she oversaw the organisation\'s monthly 56-page industry magazine and property research and analysis. Her extensive knowledge of membership organisations, real estate, and property investment experience is currently of value to the PIPA board.

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Connect with Nicola McDougall:

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Resources:

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If you enjoyed today\\u2019s podcast, don\\u2019t forget to subscribe, rate, and share the show! There\\u2019s more to come, so we hope to have you along with us on this journey!

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