Here we are eight months on and Scott Morrison has yet to fix a major bungle of his own making having unilaterally banned the build-to-rent sector with multi-billion dollar ramifications for the Australian property market.

The benefits of the build to rent are obvious, it will increase housing supply and increase the stock of rental accommodation thats got to be a good thing.

Not only did Scott Morrison give no notice of the move, but theres been tumbleweeds ever since with no further Treasury consultation processes, draft or final legislation, no mention in the Budget either, just a whole lot of angry chest beating from Mr Morrison who frankly should have known better.

The unilateral move meant that Managed Investment Trusts will no longer be able to invest in residential property with the exception of affordable housing from 4:30pm on 14 September 2017.

This Government by press release is bad government. There should be legislation before the Parliament seeking to enact these changes, so we can properly debate and deliberate upon the future of build to rent.

Scott Morrison is treating the property sector with utter contempt and a disregard, and its bad for certainty and investment.

To compound the poor handling, Treasurys Revenue Group at Senate Estimates today had no idea about the progress or otherwise of this announcement and whether wed see legislation anytime soon.

Mr Morrison likes to think he knows the Australian property sector well and so he should acknowledge he got this call horribly wrong