Sign Petition

Australians want mortgage relief

109 Signatures Goal: 250

The Government has been sitting on a plan since 2007 that creates rate relief for mortgage borrowers. We believe the Government must take urgent action to bring this relief to mortgage strapped Australians. Whilst the Government has done nothing with the plan, Australian families have been hit with more rate hikes driving around 300,000 families toward serious mortgage stress. These hikes are on top of record petrol prices and increased food bills. The government could have headed off almost half of the rate increase, but has done nothing. We demand the Government to stop talking and take action today! In December 2007 Kevin Rudd received a Mortgage Relief Plan that reduces the cost of home and investment loans and increases home loan competition . Mr Rudd replied, "No thanks and good luck". This plan was also presented to Labor backbencher Craig Thomson. The response was incredibly positive and enthusiastic promises were made. After talks with Treasurer Wayne Swan, more detail was requested. This was delivered to the government in just 3 days. Then, nothing. The core outcomes of the plan are: 1. Immediate interest savings of up to 0.3% p.a. to borrowers. 2. Reducing the cost to vote with your feet by switching lenders. 3. Broadening real competition in the mortgage market. Prime Minister Kevin Rudd says he is well aware many Australians are facing mortgage strain. Treasurer Wayne Swan has declared to "do whatever it takes to introduce real competition" yet they continue to ignore a real solution and have done nothing. It\'s over 6 months since Kevin Rudd was voted in on the back of criticism of the former government on inaction over mortgage stress and rate rises. During this time,the Government has had the plan and the power to deliver Australian families mortgage relief. Instead, they have done little more but point the finger elsewhere. The Government must stop playing the blame game and implement a mortgage relief plan urgently.

Sponsor

Mates Rates Mortgages http://www.matesratesmortgages.com.au/mates-rates-mortgages-hot-news/2008-05-06-mortgage-relief.html

Comment

78

Signatures

  • 3 years ago
    bvyqpd United States
    3 years ago
  • 5 years ago
    vutsfmpxxks Latvia
    5 years ago
  • 5 years ago
    ydiiolimzm France
    5 years ago
  • 6 years ago
    westley huffman Australia
    6 years ago
  • 7 years ago
    brian Australia
    7 years ago
  • 7 years ago
    Lara Watson Australia
    7 years ago
  • 7 years ago
    Prag Moodley Australia
    7 years ago
  • 7 years ago
    Jaslyn Craig Australia
    7 years ago
  • 7 years ago
    Danielle Goodsell United Kingdom
    7 years ago
  • 7 years ago
    John Donnellan Australia
    7 years ago
  • 7 years ago
    Kirsten Heritage Australia
    7 years ago
  • 7 years ago
    Jessica & Joe Conneely Australia
    7 years ago
  • 7 years ago
    simone Australia
    7 years ago
  • 7 years ago
    Shannyn Australia
    7 years ago
  • 7 years ago
    Craig Australia
    7 years ago
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