Labor slams treasurer's housing 'oblivion'

The federal government's decision not to change negative gearing tax concessions shows they are more concerned about investors than they are housing affordability, says Labor.Treasurer Scott Morrison met with state and territory counterparts in Canberra on Friday to discuss how to help the 30 per cent of Australians who rent, half of whom are on low incomes.The treasurers adopted the recommendations of a new report into better ways to spend the $11 billion a year spent on public housing.