Labor refuses to rule out negative gearing changes as Treasury reportedly studies housing tax

Anthony Albanese declares public service is looking at policy ideas' as report raises prospect Labor is investigating shift on housing tax concessions

• Follow our Australia news live blog for latest updates
• Get our breaking news email, free app or daily news podcast

Anthony Albanese has repeatedly declined to confirm or deny whether the federal government is considering changes to negative gearing, but conceded that public servants do a range of proposals" on potential ideas.

The Nine newspapers reported on Wednesday that the government had asked Treasury to model potential changes to negative gearing concessions. The government has come under pressure from the Greens and crossbench to make changes to the property investment tax breaks, amid speculation that Labor could consider making a bold change as part of their re-election bid.

Sign up for Guardian Australia's breaking news email