Federal Opposition Leader Bill Shorten will announce plans to change negative gearing and the capital gains tax if Labor were to win the next election, the ABC reports.
He will tell a NSW Labor conference in Sydney on Saturday that key policy measures will include the restriction of negative gearing to "newly constructed homes" and a reduction in the capital gains tax discount from 50 to 25 percent.
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"We will put the great Australian dream back within reach of working and middle-class Australians, who have been priced out of the market for too long," Mr Shorten will say, in a pre-prepared speech provided to the ABC.