Cape Town - Younger women outdo their male counterparts in the mortgage stakes - but more mortgages are granted to older men.
This is the result of findings compiled by Compuscan for its quarterly synoptic report, which indicates that women under 30 were granted more mortgages than men in the same age bracket in the quarter ending March 2012.
This is particularly true for mortgages between R1m and R3m, where 57% of mortgages granted to under-30s went to women. For mortgages under R1m the number falls to 54%, still placing women in the lead.
The same trend can also be seen in the 30 to 39 age group, with more mortgages for under R300 000 granted to women.
But in this category there is a noticeable shift as the mortgage value increases with men gaining the upper hand - albeit slightly - for mortgages over R300 000.
Women appear to lose their edge in the 40 to 49 age group, where data indicates a sudden move in favour of men irrespective of the size of the mortgage, with men being granted the majority of mortgages for the quarter.
This could be caused by several factors, such as the salary gap between men and women which begins to bite in middle age.
A survey conducted by WageIndicator in November 2011 indicated that women under 25 are paid 15% less than their male counterparts. This goes up to 25% from the ages of 35 to 50, rising even higher to 27% for the over-50s.
This gradual increase in the pay discrepancy between men and women could explain why more men are granted mortgages in the older age bracket.
Another reason could be that women are increasingly choosing to delay motherhood until their mid- to late thirties, re-entering the job market after they have raised their children.
This gap can have a significant effect on their career and hamper their chances of promotion to higher-paying positions as they reach middle age.