Anthony Albanese has ruled out restricting negative gearing to help fix Australia’s housing crisis, not only because of his concern that it could limit the supply of rental properties but also because it would signal to voters that Labor is anti-aspiration.

In an interview with The Australian Financial Review ahead of the May 3 election, Albanese also downplayed the prospect of further changes to superannuation tax concessions or attempting a rebirth of Labor’s failed franking credits policy as part of the search for revenue to repair the budget.