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
Wednesday, 24 May 1972
Page: 1951


Senator GAIR (QUEENSLAND) - Has the Minister representing the Minister for Housing read an advertisement in today's edition of the Canberra Times', inserted by an investment club in Sydney, which offers investors a 20 per cent per annum capital gain on an investment in fully serviced building blocks in Brisbane? Will the Minister undertake to confer with the Minister for Housing with a view to investigating these so-called investment clubs so as to determine whether their activities are forcing young couples in Brisbane to pay for building blocks higher prices than they would normally pay?


Senator WRIGHT - I have not seen the advertisement referred to, although in recent days I have seen several advertisments to a like effect. They were not to the same effect or related to the same locality. I think the honourable senator's suggestion is a very meritorious one and I shall have pleasure in submitting it to the Minister for Housing to see whether the bona fides of these publicly advertised proposals can be supervised and probed in any way.







Suggest corrections