Impact on Property Prices: Negative gearing is said to contribute to rising property prices by providing tax incentives to investors, thereby increasing demand and reducing availability for owner-occupiers.

Potential Economic Consequences: Reforming negative gearing could have implications for the broader economy, affecting construction, employment, and rental markets, though opinions differ on the extent and nature of these impacts.

Political and Public Opinion: There is a shift in political and public opinion towards supporting reforms, driven by concerns over housing affordability and the desire for a fairer tax system.