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.

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.

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.

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.

Episode Highlights:

00:00 - Introduction

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

06:38 - What’s the impact of biological differences on a woman’s finances?

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

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

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

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

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

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

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

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

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

49:57 - Nicola’s parting advice for women who are first home buyers

About Nicola McDougall:

Nicola McDougall is Director at Bricks & Mortar Media — 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.

Connect with Nicola McDougall:

• Nicola’s LinkedIn profile https://www.linkedin.com/in/nicola-k-mcdougall/

Resources:

• The Female Investor by Nicola Mcdougall and Kate Hill https://www.amazon.com/Female-Investor-Creating-Security-Property/dp/0730398633
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
• If you have any questions or would like to be featured on our show, contact us at:
• Your First Home Buyer Guide Podcast - [email protected]


• Looking for a Sydney Buyers Agent? http://www.gooddeeds.com.au
• Work with Veronica: http://www.veronicamorgan.com.au
• Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
• Work with Meighan: https://www.linkedin.com/in/meighanwells/

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