Australia Debates Negative Gearing, Capital Gains Tax

The Albanese government is facing renewed debate over negative gearing and capital gains tax reforms amid speculation and political pressure. Prime Minister Anthony Albanese has not ruled out changes, emphasizing the government's focus on housing supply and dismissing immediate reforms. The Greens are pushing for a phase-out, arguing it would improve housing affordability, while the Coalition strongly opposes any changes, warning of higher rents and disrupted markets. Despite Albanese's assurances, reports indicate Treasury is modeling potential reforms, sparking fears of a scare campaign. Labor MPs are divided, with some advocating for bold reforms and others urging caution due to past election losses attributed to similar policies.