“Labor candidate for Hume Aoife Champion seems confused about how to help first home buyers,” Federal Member for Hume Angus Taylor said on Sunday. "The Coalition Government has announced a fantastic incentive for first home buyers, The First Home Loan Deposit Scheme.

“This will mean from 1 January next year, if you are a first home buyer in Hume you will have the chance to get into the housing market with a deposit of just 5%.

“If you have an income of up to $125,000, or $200,000 for a couple who are both first home buyers, you will be eligible to apply for a loan, supported by the National Housing Finance and Investment Corporation, through a lender who may otherwise have turned you down.

“Aoife Champion re-tweeted that this was ‘the fastest ticket to negative equity imaginable!..All aboard the ScoMo bankruptcy train.

“And then her party announced they would match the Coalition policy – and Aoife hurriedly deleted her re-tweet.

“C’mon Aoife, which one is it?

“Do you agree with your own party’s housing policy or is it a path to bankruptcy for young home buyers?”

“What’s galling and cruel about Labor now reaching out to first home buyers, is that they’re still standing by their devastating housing tax which will hit all Australians.

“If you own your own home it will be worth less and if you rent you will pay more. Experts have estimated Labor’s housing tax would result in house prices falling by as much as 16% and rents going up by as much as 22%.

“Unlike Labor, we will not impose new taxes on savings, on businesses, on capital gains, on negative gearing, on cars, on houses, on energy and on family trusts.

“Given the importance of the construction sector to Hume, there could not be a worse time to impose big new taxes on the construction sector,” Mr Taylor said.