Did the PM rule out the Greens' demand to scrap grandfathering on negative gearing?

Labor's housing tax legislation has passed the House and, the Prime Minister said, is set to pass the Senate on Thursday after Labor secured a majority. The Coalition asked whether the government had done a deal with the Greens to remove "grandfathering" — the protection that lets existing property investors keep their current tax breaks.

The PM said Labor's position is not the Greens' position: grandfathering stays, and negative gearing would continue but be steered toward newly built homes rather than existing ones. He argued the changes are giving first home buyers a fairer chance against investors, and pointed to recent auction results.

🗳 A public mood-check, not a scientific poll. Vote to see where the room stands.

🗳 be the first to weigh in🏛 1h 1m debated

📄 House Hansard, 23 Jun 2026 — Budget

drill in ▸close ▾

The strongest case each way

Neutral · Government (Labor)The Prime Minister said Labor stands by grandfathering and that its plan differs from the Greens: negative gearing would continue but apply to new homes, not existing ones. He argued this is already helping first home buyers compete without investors backed by taxpayer breaks.

Against · CoalitionThe Coalition framed Labor's changes as "toxic taxes" rammed through via a "dangerous deal" with the Greens, and pressed the PM to flatly rule out ever agreeing to remove grandfathering on negative gearing.