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Thursday, June 12, 2008

Man drought sparks property boom by Angela Saurine FROM news.com.au

THE "man drought", combined with a housing affordability crisis, has led to a rise in the number of young single women buying property together.

Sick of waiting for the right man, women are joining together for companionship and financial reasons.

There had been a 15 to 20 per cent rise in the number of cases over the past year, Mortgage Choice national corporate affairs manager Warren O'Rourke said.

"It's certainly becoming more prevalent ... simply because of housing affordability," he said.

While it has been reported that work colleagues, siblings and friends were buying together in increasing numbers, this is the first time young single women have been identified as a driving force.

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