Labor Ministers Shut Down Speculation on Negative Gearing Changes Amid Property Purchase Fallout

Senior Labor ministers, including Deputy Prime Minister Richard Marles and Tanya Plibersek, have firmly ruled out any changes to negative gearing tax breaks. This comes after Prime Minister Anthony Albanese's recent purchase of a $4.3 million property on the NSW Central Coast sparked renewed calls from some Labor MPs to revisit the policy. Despite the internal push, Marles emphasized that no reforms are being considered. The issue has reignited debate over housing affordability and tax policies in Australia.