Anthony Albaneses government seriously considering bold negative  gearing change that will send shivers down the spines of millions of Aussie homeowners

Anthony Albaneses government is seriously considering changes to negative gearing and capital gains tax exemptions.

Nine newspapers confirmed that the Government has asked for modelling on the potential change to negative gearing to be carried out, according to an unnamed Labor source.

Another Labor source confirmed that negative gearing changes were being considered, but  Labor may still decide not to move forward with any policy changes.

Labor leader Bill Shortens plan to get rid of negative gearing contributed to him losing the unloseable election to Scott Morrison in 2019. 

When Mr Albanese took over Labors reins after that loss he said changes to negative gearing  was off the table. 

But now it could be back on Labors agenda for the federal election that is due to be held by next May.  

In interviews last week, Mr Albanese was asked repeatedly if Labor would consider changes to negative gearing, and at no point did he rule it out.

I dont answer those sorts of questions, he said on ABC Radio National last Thursday. 

But two days before that, he referred to a claim from the Property Council of Australia that changing negative gearing would hurt housing supply.

Anthony Albaneses (pictured) government is seriously considering a bold economic plan he previously rejected, which will send shivers down the spine of Aussie homeowners

When Mr Albanese took over Labors reins after that loss he said changes to negative gearing was off the table. Stock image

So that is one of the reasons why were very cautious about that, he told ABC Radio Sydney.

Being cautious is not ruling something out, though, and one Labor official said This is what Labor needs and wants – they need to have a fight on policies that shows what they stand for.

Its in the values frame. This is why Albo was reticent about ruling it out the other day. Look at what Albo has said, he has not knocked it on the head.

This will give the government something big and positive to talk about, it will be a major talking point in the campaign.