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Tuesday, 26 May 1987
Page: 3307

To the Honourable the Speaker and Members of the House of Representatives in Parliament assembled. The petition of certain citizens of the Federal Division of Fisher in Queensland respectfully showeth:

that the current policy pursued by the Hawke Government is causing an intolerable increase in home loan interest rates beyond the capacity of families to pay.

that consequently this policy is causing grave hardship throughout Australia and is contributing to social problems and the breakup of the family unit.

that unless the Government act urgently the Australian dream of home ownership is fast becoming shattered for many of our citizens.

Your petitioners therefore humbly pray: That the Government make home loan interest rates tax deductible therefore alleviating the present crippling burden of current high interest rates on home owners and home buyers.

And your petitioners as in duty bound will ever pray.

by .