Labor likely to ditch Shorten housing policies but says election platform is not yet set

Shadow treasurer refuses to back negative gearing and capital gains changes following reports they'll be dropped

Expectations are growing that Labor will ditch the Shorten-era negative gearing and capital gains tax policies before the next federal election, although the shadow cabinet is pushing back against pressure to finalise its economic platform early.

The shadow treasurer, Jim Chalmers, failed to endorse the previous housing affordability policy on Sunday, instead stating the party was still working through its agenda and would not be rushed into making decisions.