The current First Home Owners boost is only the latest in a very long line of government incentives to encourage home ownership. The Workers Dwelling Scheme commenced in Queensland in 1909, the government lending buyers two-thirds of the cost of building a house to a maximum 300 pounds. Repayments could be made over 20 years at a fixed 5%.
Brisbane soon had a higher home ownership rate than any capital city. Critics of today’s first home incentives argue they do nothing to help address the undersupply of housing we’re struggling with – maybe a look at our history would provide government with better ideas.
With over 23,000 homes built under the Scheme in its first 30 years it naturally had a big impact on the development of Brisbane’s suburbs. All the houses were built to a range of set designs. Have a sticky-beak at the brochure below promoting an “ideal home”. This one even had the toilet inside the house!
If Brisbane’s 150th birthday has caught your interest in our history get to a local bookshop and grab a copy of “Brisbane: 150 Stories. 1859-2009”. Published by Brisbane City Council it’s a great insight into events throughout our short history and was the source for this pic and info on the Workers Dwelling Scheme.