As the election creeps closer expect Josh Frydenberg and the Liberal Party, without a positive plan for the economy or housing affordability, to champion any shonky report written by any property market spruiker.

The Liberal Party has nowhere left to turn in support of their lies and dodgy claims over Labors housing affordability policies with the Treasury disowning Liberal Party claims that Labors reforms will reduce house prices.

Theres been a parade of shonky property reports claiming to model Labors reforms, but all fail to make reasonable policy assumptions or factor in Labors actual policy settings.

Making ridiculous claims about massive property price falls or increases in rents resulting from Labors reforms is both irresponsible and flies in the face of the evidence of the Australian Treasury and independent economists.

To claim Labors reforms will see massive increases in rents simply fails to acknowledge Labors reforms full grandfather all existing property investments

It was revealed just a few weeks ago that the Government asked Treasury last year to fact check a statement that included a reference that Labors housing affordability reforms will reduce house prices.

In response the Treasury advised:

"The statement is not consistent with our advice. We did not say that the proposed policies 'will' reduce house prices.

"We said that they 'could' put downward pressure on house prices in the short-term depending on what else was going on in the market at the time, but in the long-term they were unlikely to have much impact."

This proves beyond doubt that Scott Morrison and his desperate Liberals have been lying to Australians about Labors policy.

Theres now a long list of independent economists and international economic agencies like the International Monetary Fund that have called for reforms to Australias overly generous property tax concessions.

The evidence is clear that the benefits of both negative gearing and the capital gains tax discount are skewed towards the wealthiest Australians.

At the next election theres a choice: The Liberals plan to stand up for banks and top end of town, or Labors plan to fix our schools and hospitals.

Our plan is good for the budget, good for construction jobs and fair for first home buyers.

If you already use negative gearing, nothing changes. Its not retrospective. And you can still use it for new houses.

Federal Labor is reforming negative gearing to put young first home buyers on more of a level playing field with property investors seeking their 6^th or 7^th property.