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Housing aims in the seventies



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Liii

FOR PRESS EMBARGO: For release 10 a.m. Tuesday,

29 September in Melbourne and Canberra.

SUMMARY OF ADDRESS BY THE HON. DAI'E ANNABELLE RANKIN, COMMONWEALTH MINISTER FOR HOUSING., TO THE BUILDING AND CONSTRUCTION FORUM, MELBOURNE, 29 SEPTEMBER 1970.

HOUSING AIMS IN THE SEVENTIES

The Commonwealth Minister for Housing, Dame Annabelle

Rankin, has called for greater stability in the flow of

finance for housing in the seventies.

"This is a matter of great concern to the Government,

and especially to my Department," she said, "because

unnecessary fluctuations in the availability of housing

finance cause unnecessary fluctuations in home building."

The Minister said frequent consultation was needed

between all major institutional lenders for housing and

herself or the Reserve Bank, to achieve the goal of the

smoothest practicable future expansion in the volume of _ J

housing finance and in the level of activity of the home

building industry.

Mutually beneficial discussions had recently taken

place between representatives of the Master Builders'

Federation and the Housing Industry Association and officers

of her Department and the Treasury on developments in the

home building industry.

She hoped these discussions would continue at

intervals of not more than three months.

Dame Annabelle Rankin was addressing a Building and

Construction Forum held in Melbourne by the Master Builders'

Federation of Australia.

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2.

She said Government action earlier this year had

halted the excessive cost and price pressures on home

building and achieved a slight easing. Builders might be

able to help prevent these pressures recurring.

The Minister made these other points:

In 1969-70 close to 141,000 new houses and flats

were completed and in 1970-71, stimulated by the

substantial increase in housing loans by savings

banks and more recently by permanent building

societies, completions could be 2,000 to 3,000

higher.

. Estimated Commonwealth expenditure on housing in

1970-71 would be close to $288 million - about

$25 million more than in 1969-70.

In negotiating a new Commonwealth and State Housing

Agreement later this yeas, she intended to ask

the States to use more of the Commonwealth advances

for housing needy families on the lowest income

scales.

She hoped housing costs would be reduced by the

acceptance by the States and major lenders for

housing of a uniform minimum home building code.

There should be an inquiry into the design of

flats for more comfortable family living.

Factory production of homes might well accelerate

by the late seventies to satisfy anticipated

growth which the skilled building labour force

might not be able to meet.

29 September, 1970.