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Housing Industry Problems



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FROM THE DEPUTY LEADER OF THE OPPOSITION * *r < *' ‘ > THE HON. PHILLIP LYNCH, M.P.

,FOR IMMEDIATE RELEASE: FEBRUARY 14/ 1974.', , λ· ·Î–-?' k : y--4 , .

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since the · " immediate post-war years, highlights the .grave failure · ■ ’-•/f . · V , V }·

of Government policy in., the housing field, the Deputy Leader of, ' * v~ ‘ ' · ' ' '

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the Opposition, Mr Phillip Lynch said today.

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Mr. Lynch was commenting on the statement made by the National

President of the Housing Industry Association,,Mr. John ·

Pietersen. ■ ■ x. ·'

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"Labor has done little more than tamper with interest rates, '

creating deep uncertainties in the housing finance'market, . * * t »

and aggravating still further the acute shortages of capital a ?1

and materials in the industry. · " ■ ■

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,"Under Labor, inflation in the housing industry is running well ' fi , i f * > « / *·â–  ahead of the 14% national average.

"The .statement by Minister for Housing, Mr. Johnson, that the ·; \ .

. average Australian would be able to afford a .house in 1974

is totally unfounded. '

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"The findings of the Housing Industry Association are that only

about half the country's housing needs can be satisfied during

the current year. ”

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24/74