Australia's Prime Minister Anthony Albanese has failed to say whether negative gearing may be revisited in the future.
Despite reports that Treasury had drawn up options, Albanese has not commented on the issue, refusing to reiterate his earlier assertion that negative gearing is not government policy.
At the 2019 election, Labor promised to exempt any properties that were negative geared. But if Labor revisits negative gearing changes, the Greens say they would pass two housing bills stuck in the Senate.
During a press conference on Wednesday, Albanese said Treasury's advice was valuable and he trusted it.
"Treasury, I'm sure, like other departments, do a range of proposals, policy ideas. I want a public service that is full of ideas," he said.
He refused to rule out changes to negative gearing, focusing instead on existing housing supply policies.
"What our government is considering is fixing housing supply by getting our legislation through the Senate. That's what we're considering."
Jane Hume, Coalition finance spokesman, said the Coalition would fight any change to negative gearing that would affect supply or drive up rents.