Owning a home is a dream for many Australians, but let’s be real—it can  feel impossible. Between rising property prices, confusing mortgage terms, and uncertainty about where to start, it’s no wonder so many women feel like home ownership is out of reach.  

One of our Penny team members once felt the same way—convinced buying a home was only for high income earners or financial experts. But through Penny, they discovered that with the right tools and support, home ownership was more achievable than they ever thought.  

Home ownership: myths vs. reality 

Myth: You need a huge deposit to even consider buying. 

Reality: There are government incentives and strategies—like co-buying or rentvesting—that can help you get started sooner. Check out Penny’s resources on supports that you may be eligible for.  

Myth: If you’re not ready to buy right now, there’s no point in planning. 

Reality: Understanding your options early puts you in control of your future, whether you buy next year or in five years. 

That’s where Penny comes in. Our platform simplifies the process with savings and budget calculators, step-by-step guidance, and expert-vetted advice—so you can confidently take your first step, no matter where you’re starting from. 

Myth: If your income is inconsistent, you’ll never be able to save enough for a deposit. 

Reality: Whether you’re self-employed, working part-time, or have periods of variable income, saving for a deposit is achievable with the right strategy and mindset. 

Penny’s step-by-step guidance helps you make the most of your financial situation. Our tools are designed to help create a personalised plan to save for their future home. 

Myth: You need perfect credit to buy a home. 

Reality: While good credit is important, there are still options for women with less-than-perfect credit. Penny guides you through understanding credit and also connects you with credit repairers and advisors who can help you with strategies to improve your circumstances, so you’re ready when the right opportunity comes. Why consider home ownership?  

• Build Equity: Every mortgage payment builds your future wealth, instead of paying someone else’s. 

• Stability & Security: Create a home that’s truly yours, evolving as your needs change. 

• Long-Term Financial Independence: Women who own property are more likely to build lasting wealth.  

Penny makes it simpler 

Women face unique challenges in home buying—but that shouldn’t hold us back. Whether you’re buying solo or with a partner, Penny gives you the knowledge, tools, and confidence to make empowered decisions. 

You don’t have to have it all figured out—just take the first step. Join Penny for free today and start exploring your options. 

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