Labor to end negative gearing concessions for new investors, or abolish negative gearing in whole, after coming to Government on Sunday, March 7. In the end, Ms Bishop was the first Minister to publicly announce her proposal, making it clear she was seeking to protect taxpayers, but Labor had strong pushback. This was a big victory for the Coalition’s “Labor to end negative gearing concessions” policy, which Labor says will increase housing affordability and allow investors to save on capital gains tax. But Ms Bishop did not disclose that the proposal would increase the minimum cost of new houses by $20,000, which would effectively mean that new investors would pay negative gearing tax, making them eligible for government housing subsidies. […]