Multiple outlets report that Labor’s budget measures affecting negative gearing and capital gains tax are expected to change how investors allocate money. The articles focus on the potential impact on investor behaviour, suggesting that when tax settings for property investment are altered, some investors may look toward other asset classes. Across the coverage, shares are presented as one likely beneficiary, alongside commercial property. The reporting also highlights self-managed super funds (SMSFs) as an area that may attract increased interest, with the changes framed as influencing the relative attractiveness of different investment options inside and outside superannuation. While the articles primarily describe expected effects rather than reported market outcomes, they consistently link the anticipated shift to the new tax environment created by the budget. Overall, the sources present the same broad thesis: adjustments to negative gearing and capital gains tax reduce the incentives associated with holding multiple residential properties and could redirect investment activity toward shares, commercial real estate, and SMSFs.