It is high time property commentators and Liberal MPs alike stopped making doom and gloom predictions around sledgehammers and recessions it is economically irresponsible.

SQMs Louis Christophers analysis seems to be projecting falls of 12 per cent under current policy settings and thats fine, with no discussion around what is driving that like APRAs macro prudential measures as championed by Josh Frydenberg but in his view, a further 3 per cent fall in house prices under Labors reforms would trip the country into recession.

Only a few years ago, Louis Christopher was supporting Labors reforms to negative gearing, so what has changed? We can only speculate.

Economists without a vested interest agree that our plan is a responsible way to ease pressure in the housing market, to make sure that everyone is competing on a level playing field.

Labors reforms are fully grandfathered which means that everyone that has a negatively geared investment property today will be completely unaffected by our changes.

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

Labor would prefer to invest in better hospitals, schools and TAFE than spend taxpayers money helping a property speculator with their sixth or seventh investment property.