Australian Prime Minister Anthony Albanese has denied that the anticipated addition of 700,000 Gen Z voters to the electoral roll influenced the recent changes to negative gearing and capital gains tax announced in the federal budget. During an interview on ABC's 7.30, Albanese stated that his focus is solely on the merits of the policy changes, which he believes are in the best interest of young Australians and social cohesion. He highlighted that the government cannot continue to allow income from labor to be treated differently from income generated from assets. The Prime Minister assured that negative gearing would still be available for new property builds and noted that the average duration for which negative gearing operates is just over five years. He expressed confidence that the capital gains tax reforms would lead to productivity gains and prevent market distortions favoring housing over equities. Albanese acknowledged some negative feedback from investors but committed to ongoing consultations regarding the reforms.