Housing and negative gearing hits spotlight as Labor denies looking at changes

Housing and negative gearing have hit the spotlight recently after the broken promise from Labor on the stage three tax cuts as the government tries to get Australians to “believe” them, Sky News host Paul Murray says.

“Housing and negative gearing has been the conversation after the broken promise of the too little, too late, tax cuts that came out just a couple of weeks ago,” Mr Murray said.

“The government is trying to tell us to believe the exact words they used before they decided to change the tax cuts, that you had already voted on.”

Treasurer Jim Chalmers previously asserted that Labor was ‘not considering’ making changes to negative gearing.

However, Mr Chalmers also made assurances in the past that dealing with housing affordability will need to begin with assessing capital gains tax and negative gearing.