Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Tuesday, 18 April 1961

Mr STEWART (LANG, NEW SOUTH WALES) - 1 direct a question to the Treasurer. By way of explanation, I wish to inform him that the cost of constructing a brick home of ten squares, including the cost of land, is approximately £5,000. The cost in fibro or in timber would be slightly lower, [s the Treasurer aware that the maximum loan advanced by the Commonwealth Bank for housing purposes is £2,500, which means in effect that any young couple contemplating building or purchasing a new home needs to have in hand an amount of approximately £2,500, a virtual impossibility for many young couples? In view of the grave disparity between the amount of loan available and the cost of a house, will the right honorable gentleman confer with officers of the Commonwealth Bank with a view to having the maximum loan for housing substantially increased?

Suggest corrections