The RBA Appeal

Mark Bouris, have you heard of him? He owns Yellow Brick Road Wealth Management. If this doesn’t ring a bell he used to own Wizard Home Loans and he was the Australian apprentice judge in 2010 (our local version of Donald Trump). He has been involved with home loans and the money industry for over 25 years, and what he doesn’t know about home loans probably is not worth knowing.

But in the last few months, he has come out singing the concerns of everyday Australians. Mark is concerned with rising power, gas, petrol, water, rents, shopping and home costs; we as middle Australia are starting to crack under the pressure. As he says in his own words, “Middle Australia is getting affected badly.” Mark is a guy who should know, as he deals with everyday Australians and their home budgets on a daily basis.

Mark said he is sick of hearing about how strong our economy is. How the mining boom is so great for Australians. Plus how we are the envy of the world financially. Because he says, middle Australia is not really sharing in this so-called great windfall.

He has started a new campaign, with the Reserve Bank of Australia in his sights. It’s called the RBA Appeal and he’s asking you to tell the RBA how another interest rate rise with affect you? He is trying to give a voice to the people. You simple upload a video of how an interest rate rise would affect you. Some Australians have already done this— putting their calls for action directly on video. They certainly make for some interesting listening.

For example, a sole income parent said: “If rates increase again it will place extra stress on the family for household bills. Kids sporting activities would have to be cancelled; everyday living costs wouldn’t be able to be met. We would probably need to look for a cheaper place to live and downsize our mortgage. Let’s hope commonsense prevails and interest rates don’t move in the foreseeable future.”

Recently a single mum commented: “Hi, I would like to address the RBA. My issue is with another increase in interest rates. I have recently become a single parent and had to leave my mortgage as the increases in interest rates were too hard to keep up with. I currently work full time but I’m studying part time. With all the bills increasing including electricity, petrol and carbon tax. My issue is how can I get back into the property market?”

A first homebuyer pleaded: “I did my shopping on the weekend and it’s doubled and my electricity bill has gone up. I have talked to my friends, even in the local pubs; they are all struggling with their mortgage rates. If the interest rate increases, most people just can’t afford it. Everyone wants to blame the government but I totally blame the big banks; they make so much money.”

Go here for the full look at the videos: http://www.youtube.com/user/TheRBAAppeal

Here is the website: http://www.ybr.com.au/media/posts/TheRBAAppeal.cfm

Here is Mark Bouris talking with Ross Greenwood about the RBA Appeal

http://www.youtube.com/watch?v=PJitAF1Qkmc&feature=related