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Tuesday, 14 October 1975
Page: 2092


Mr McLeay (BOOTHBY, SOUTH AUSTRALIA) asked the Minister for Urban and Regional Development, upon notice:

(   1 ) How many dwellings were built during 1974-75 when advances under the Defence Service Homes Scheme totalled $130m.

(2)   How many dwellings are estimated will be built during 1975-76 with the advance of $122.5m.

(3)   What rate of inflation is assumed in providing an answer.


Mr Uren - The answer to the honourable member's questions is as follows:

(1)   The number of applicants assisted through the Defence Service Homes Scheme to build or buy new dwellings in the year ending 30 June, 1975 was 4,443.

(2)   The number of loans to applicants to purchase or build new homes in 1975-76 from the funds provided for Defence Service Homes purposes is estimated to be 4,344.

The information on the number of dwellings built in both 1 and 2 above include loans provided under the following categories of assistance:

New homes erected with temporary finance under prearranged discharge of mortgage method.

New homes purchased.

New homes built.

(3)   The average cost of homes built or financed under the Defence Service Homes Scheme rose from $17,929 in 1972-73 to $22,587 in 1973-74. The Government took this rise in costs into account prior to its increasing the maximum loan from $12,00010 $ 15,000 in the 1974-75 Budget.







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