When the government of Prime Minister Robert Menzies was elected in 1949, it came with a pledge to focus on raising home ownership rates and giving Australians a stake in society.
Seven years earlier, in 1942, Menzies delivered a wartime radio address to the Australian people, arguing that home ownership was vital to a stable society and that it was the “foundation of sanity”.
“One of the best instincts in us is that which induces us to have one little piece of earth with a house and a garden which is ours; to which we can withdraw, in which we can be among our friends, into which no stranger may come against our will”, Menzies said
