There are renewed calls from parliament to consider abolishing negative gearing.
A Labor-dominated Senate committee examining housing affordability has called on the government to launch an inquiry into the impacts of the controversial measure, and think about phasing the tax deduction for rental property investors out entirely.
In its report published on Friday, the committee says if negative gearing isn't dealt with in the tax white paper, a separate study should be published on what influence it has on housing affordability and the rental market.
The committee also wants conveyancing stamp duties abolished, and a new minister for housing to deliver a national housing affordability plan and a new first-home buyers scheme.
Among other of its 40 suggestions is a new register of government-owned land that could be used to build cheap housing, and an inquiry into the merits of transferring public housing to the community housing sector.