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Thursday, 17 November 1983
Page: 2845

Mr RONALD EDWARDS —I give notice that, on the next day of sitting, I shall move:

That this House-

(1) notes with satisfaction the high levels of housing approvals and commencements generated by the Government's First Home Owners Scheme;

(2) notes the increased level of lending from building societies and banks consequent upon recovery in the housing industry;

(3) notes with satisfaction recent reductions in interest rates by State banks, the Commonwealth Bank and some building societies, in particularly the role played by the Rural and Industries Bank, Perth Building Society and the Town and Country Western Australia Building Society; and

(4) calls upon other financial institutions to follow suit by reducing rates on new and existing loans at the earliest possible opportunity.