Albanese Rules Out Negative Gearing Changes, Says Investors Key to Increasing Housing Supply

Debate over negative gearing reforms has intensified after reports surfaced that the government asked Treasury to model potential tax changes.

A labourer works on an under construction house in the western Sydney, Australia, on May 4, 2022. Saeed Khan/AFP via Getty Images

Amid discussions about possible changes to negative gearing and capital gains tax reforms, Prime Minister Anthony Albanese has clarified that his government will not be taking these reforms into the next election, instead committing to their current housing policy.

“What we’re doing is planning for our Homes for Australia policy. That’s the policy we have, and that’s what my government is focused on,” he told ABC News on Sept. 26.