The 1920s

  • Thousands of people became homeless due to widespread unemployment
  • 1923 the State Government passed the Co-operative Community Settlement and Credit Act, that led to cooperative societies and building societies being set up to provide loans to people for purchase or construction of their own homes
  • In 1928 the Government's Saving Bank Act enabled banks to lend money to prospective home builders. Although the societies and banks helped to solve the housing problems of many families, they were unable to aid the low-income earners who could not afford the repayments.