Housing ‘scandal’
(N.Z. Press Association) WELLINGTON, Nov. 7. About 4000 new houses were vacant because of the lack of mortgage money, the managing director of! Securitibank, Ltd (Mr J. G. Russell), said today. “In my opinion there has not been a housing shortage for some time,” he told a manufacturers’ conference in Auckland. “There has been a money shortage in that there are new houses which have been vacant, some of them for more than a year, because of lack of finance. “It is an economic and social scandal that there are these vacant houses throughout the country simply because finance is not available for people to move into ithem,” Mr Russell said.
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Bibliographic details
Press, Volume CXV, Issue 33995, 8 November 1975, Page 3
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113Housing ‘scandal’ Press, Volume CXV, Issue 33995, 8 November 1975, Page 3
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