Home owners and property renters in the Mitchell electorate will be hit hard by Labor’s ill-conceived property tax.

“In Mitchell there are more than 13 000 people who negative gear their property and stand to lose if Labor has its way,” Mitchell MP Alex Hawke said.

“Labor’s property tax will not only punish those who negative gear, but every Australian with equity in their home will be hurt by Labor’s policy.

“Labor’s property tax is a lose-lose policy - if you own your own home it will be worth less, and if you rent your home it will cost you more.”