Queensland’s Easy Home-Purchase Plan
BRISBANE. Sept. 2
The Queensland Premier's easy homepurchase plan is a liberalisation and extension of the existing workers' homes and workers' dwellings scheme which has been operating for many years.
The proposed variations included a system of lay-bv deposits by which persons will be able to lodge payments in the Treasury until sufficient is accumulated to pay a deposit on home purchase.
These payments will be subject to a subsidy by the Government at a rate “somewhere about twice as much as would be received from the savings bank.” A completely new departure is a plan to carry, at Government cost and with certain' safeguards, an insurance on every home purchased through the Government under which the home would become the property of the wife and children on the death of the breadwinner.
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Bibliographic details
Gisborne Herald, Volume LXXVI, Issue 23041, 3 September 1949, Page 5
Word Count
137Queensland’s Easy Home-Purchase Plan Gisborne Herald, Volume LXXVI, Issue 23041, 3 September 1949, Page 5
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