27 март 1906 г. - Advances to Workers Act - passed

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The Advances to Workers Act 1906 made cheap finance available for the first time to people wishing to build or buy a home. From the 1920s the state provided further low-cost loans to buy both sections and houses. This guaranteed credit fuelled a boom in land and housing speculation. The frenzy of property development that occurred on the edges of every major city resulted in suburbs such as Mt Albert in Auckland, Karori and Khandallah in Wellington, and St Kilda in Dunedin.

Source: https://teara.govt.nz/en/suburbs/page-2#:~:text=The%20Advances%20to%20Workers%20Act,in%20land%20and%20housing%20speculation.

This Act and subsequent amendments made available government loans for house construction, and by 1926 the state was heavily involved in financing house building in New Zealand. Unfortunately, the conditions under which loans were advanced did not benefit poorer unskilled workers, including Maori.

Source: Krivan, M. (1990). The Department of Maori Affairs housing programme, 1935-1967. (Master of Arts dissertation, Massey University).

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