Former PM, John Howard also took a big swing at Bill Shorten’s negative gearing policy. ‘Sydney housing values are lowering. Everybody knows that. Your family home is the most important asset that most Australians have. For many people it’s the only major asset’. ‘I can’t think of a worst time to discourage people from investing in real estate than when property prices are falling’. ‘It’s like pushing a drowning man under the water. It doesn’t make any sense, it defies common sense’.