The Turnbull government is persisting with its attack on Labor's proposed changes to negative gearing, despite a new poll suggesting that more voters than not back the policy.
Assistant Treasurer Kelly O'Dwyer accused the opposition of having a "very clear" intent to undermine the wealth of everyday Australians by limiting negative gearing to newly-constructed homes.
"We are not going to be introducing tax policy that will have unintended consequences," she told Sky News on Monday.
The latest Newspoll, published on Monday, found 47 per cent of voters support Labor's plan with 31 per cent opposed.
Shadow assistant treasurer Andrew Leigh said there was strong support in the community for a policy which improved housing affordability.
He dismissed government claims the policy would cause house prices to drop, but avoided questions about whether Labor had done any specific modelling.
"We will continue to see house price growth, but you won't see that gap between house price growth and wage growth," Dr Leigh told Sky News.
The Property Council is also continuing its attack on Labor's plan while rejecting reports the government may cap the amount investors can claim against their tax obligations.
"There is a risk with both options," chief executive Ken Morrison told Sky News.
The council has released TV, radio, newspaper and digital advertisements promoting the benefits of negative gearing to the Australian economy.
