Would be a ‘brave PM’ to take on negative gearing due to ‘broad support’

Redbridge Group Director Simon Welsh says it would be a “brave prime minister” that took on negative gearing because there is still “fairly broad support” for it.

Treasurer Jim Chalmers says the Albanese government is not considering changes to negative gearing and capital gains.

“We’ve done a fair bit on negative gearing over the years,” Mr Welsh told Sky News Australia.

“It would be a brave minister – it would be a brave prime minister that would take on negative gearing.

“There is still a fairly broad base of support for it – it is one area where despite some of these class-based … tensions that we’re seeing … negative gearing seems to be this stubborn area of public opinion.

“People feel uncomfortable about those sorts of things being taken away.”