New Zealand's Labour government scrapped negative gearing in 2021 to support first-home buyers.
In 2024, New Zealand's National Party reinstated some tax breaks related to negative gearing after a debate.
In contrast, Australia's Liberals are avoiding discussing negative gearing, prioritizing property investors over struggling renters and first-home buyers.
While New Zealand's conservatives showed up and had a debate, Australian Liberals avoided it and hoped the issue would go away.