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MEDIA RELEASE

MINISTER FOR

HOUSING AND CONSTRUCTION The Hon Chris HURFORD MP

. MRS 7 3 / B 4

EMBARGOED T I L L 2 . 1 5 PM, WEDNESDAY 27 JUNE 1 9 8 4 .

HURFORD' S SCHEME HELPS 5 0 , 0 0 0

5 0 , 0 0 0 A u s t r a l i a n h o u s e h o l d s h a v e r e c e i v e d a s s i s t a n c e i n t o

home o w n e r s h i p u n d e r t h e F e d e r a l G o v e r n m e n t ' s F i r s t Home

Own e r s Scheme ( F H 0 S ) , t h e F e d e r a l M i n i s t e r f o r H o u s i n g and

C o n s t r u c t i o n , C h r i s H u r f o r d , a n n o u n c e d t o d a y .

Mr H u r f o r d p r e s e n t e d t h e 5 0 , 0 0 0 t h FH0S g r a n t t o Mr A l l e n Wa s l e y

and Mr s S u s a n n e W a s l e y , a t t h e i r home i n t h e P e r t h s u b u r b

o f B a 1 g a .

" I am d e l i g h t e d t o be a b l e t o h a n d t h i s c h e q u e f o r $3, - 50 0

t o ' M r and Mr s W a s l e y " , s a i d Mr H u r f o r d . " T h i s i s t r u l y a ,

m i l e s t o n e i n t h e FHOS s u c c e s s s t o r y " . =

Mr H u r f o r d s a i d t h a t h i s D e p a r t m e n t had r e c e i v e d 5 5 0 , 0 0 0

e n q u i r i e s and 9 1 , 0 0 0 a p p l i c a t i o n s f o r FHOS a s s i s t a n c e s i n c e

i n c e p t i o n o f t h e Scheme i n O c t o b e r l a s t y e a r . I t i s

c u r r e n t l y r e c e i v i n g a p p l i c a t i o n s a t t h e r a t e o f 2 , 5 0 0 e a c h

week w i t h e n q u i r i e s o f o v e r 1 5 , 0 0 0 e a c h w e e k .

" The 5 0 , 0 0 0 a p p r o v e d a p p l i c a t i o n s b r i n g s t h e a mo u n t p a i d

o u t by t h e Hawke L a b o r G o v e r n m e n t t o $134 m i l l i o n . "

Mr and Mr s Wa s l e y h a v e t wo c h i l d r e n , K e i t h ( 8 y e a r s ) and

I a n (1 y e a r ) . Mr s Wa s l e y does n o t w o r k . Mr H u r f o r d s a i d

t h a t t h e y had a s k e d f o r O p t i o n 3 o f t h e Scheme w h i c h p r o v i d e s

a l ump sum p a y me n t a t t i m e o f p u r c h a s e and a s u b s i d y p a y me n t

t o h e l p w i t h t h e f i r s t d i f f i c u l t y e a r s o f m o r t g a g e r e p a y m e n t .

Mr and Mr s Wa s l e y w i l l r e c e i v e a n o t h e r $ 2 , 7 5 0 o v e r t h e n e x t

5 y e a r s . They moved i n t o t h e i r new home e a r l i e r t h i s m o n t h .

" T o g e t h e r w i t h t h e r e d u c e d c o s t o f h o u s i n g f i n a n c e , FHOS

has a l s o h e l p e d t h e h o u s e b u i l d i n g i n d u s t r y g e t g o i n g

t h r o u g h o u t A u s t r a l i a , and e s p e c i a l l y i n t h i s S t a t e . T h i s

r e c o v e r y , w h i c h w i l l c o n t i n u e i n t o 1 9 8 4 - 8 5 , w i l l hav e

s i g n i f i c a n t b e n e f i t s f o r o u r c o m m u n i t y " .

" No wh e r e has t h e e f f - e c t o f FHOS on i n c r e a s i n g c o n f i d e n c e

among home b u y e r s and t h e i n d u s t r y been mor e p r o n o u n c e d

t h a n h e r e i n W e s t e r n A u s t r a l i a " . '

. . / 2

Parliament House, Canberra

Mr H u r f o r d s a i d t h a t t h e o u t s t a n d i n g f e a t u r e o f ' t he F i r s t

Home Owner s Scheme i s t h a t i t h e l p s l ow t o m o d e r a t e i ncome

e a r n e r s i n t o home o w n e r s h i p .

" F o r t o o l o n g , t h e most d i s a d v a n t e d i n o u r c o mmu n i t y have

n o t been t h e b e n e f i c i a r i e s o f Go v e r n me n t h o u s i n g i n i t i a t i v e s "

"FHOS has h e l p e d r e d r e s s t h a t ; and t h e F e d e r a l G o v e r n m e n t ' s

e c o n o mi c management d e s i g n e d t o b r i n g down i n t e r e s t r a t e s

w i l l p r o v i d e g r e a t e r a s s i s t a n c e t o t h e many A u s t r a l i a n home

owner s and a s p i r i n g home o w n e r s . "

CANBERRA 26 May 1984

N o t e : MEDIA ARE I NVI TED TO ATTEND THE PRESENTATION WHICH WI LL TAKE PLACE AT 7 DOUNLEY STREET, BALGA, AT 2 . 1 5 PM, WEDNESDAY, 27 JUNE 1984.

C o n t a c t : B o n n i e M a t j e v i c ( 0 9 )

C a n b e r r a O f f i c e ( 0 6 2 )

3250501 o r 3269400

726635

Norm T a y l o r ( 0 9 ) 3254227