Negative gearing reform could help 292,000 Australian renters become owners, Greens claim

Parliamentary analysis shows benefit of change, party says, and calls Anthony Albanese biggest blocker' to change

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More than a quarter of a million renters could own their own homes if Labor revived dumped plans to wind back generous tax breaks for residential property investors, new analysis shows.

A Parliamentary Library analysis of NSW Treasury modelling and census data, commissioned by Greens MP Max Chandler-Mather, found home ownership would rise by 4.7%, or 292,902 more owner-occupier houses, if negative gearing and capital gains tax discounts were wound back.