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Thursday, 25 August 1960

Mr HAROLD HOLT - I shall check whether the facts are as the honorable gentleman has suggested to me. I cannot claim to have the answer available immediately. I should imagine, however, that the new index would seek to give a more realistic presentation of residential costs for the community as a whole. I think the honorable member will be aware that, over the post-war years, an increasing proportion of the Australian community has been occupying homes which are either owned by the occupier or arc in the process of being acquired by him through instalment payments. This is now the more general Australian experience, and I believe it would be fitting that it should be properly recorded in any general index.

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