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Wednesday, 3 April 1946


Mr CHIFLEY - The honorable member comments on the fact that houses built perhaps ten or twenty years ago canbe sold at no more thanthe prices ruling in 1940 or1942 as the case may be. That is true, but a small margin is allowed to ensure that the owner shall not lose by the sale. Notwithstanding the control, the owner, in many instances, stands to make a substantial profit on his investment. A similar kind of house built during the last few months would probably cost much more than did the house built ten or twenty years ago.

Therefore, so that the person who sells a new house at the present time shall not be required to incur a loss, it is essential to allow the sale to be made at about the real cost of the house. The control of sales of real estate and property and land transfers presents a very difficult problem, as honorable members will realize. Every effort is being made to keep prices of property down to a reasonable level, but there has been some inflation, despite all the controls that have been imposed. This, has been unavoidable, because there are all sorts of reasons why additional amounts should be added to sale prices. At the moment, I can see no solution for the problem raised by the honorable member,but the control of property transactions, in commonwith other controls, is examined from time to time.







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