Labor MPs call for negative gearing changes following the PM’s new property purchase

Labor MPs are calling for changes to negative gearing after Prime Minister Anthony Albanese splurged millions of dollars on a new property on the New South Wales Central Coast. Treasury has reportedly modelled a range of rules around negative gearing for the government to consider. Mr Albanese claims the government won’t be adding negative gearing and capital gains overhauls to Labor’s housing election policies. Sources close to Labor say the new purchase will make it harder to convince voters it was genuine about removing home ownership barriers.