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Friday, 5 June 1970

Mr BENNETT (SWAN, WESTERN AUSTRALIA) - I address a question to the Treasurer. Because of the evident hardship being suffered by home purchasers and prospective home owners as a result of increased interest rates created by the increase in Government bond interest rates and the subsequent drop in building programmes in Australia, particularly in Western Australia, and in view of the number of petitions that have been presented to the Parliament requesting a reduction in bond interest rates to give relief on home interest rates, will the Treasurer investigate methods whereby immediate relief can be given in respect of interest rates on housing and so assist the building industry, particularly in Western Australia?

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