negative gearing for real estate to change?

I don't even care if this is true or not, I'm more excited about the reaction from the the real estate industry. Popcorn being prepared and I'm about to kick in the laz e boy!

THE Gillard government has sounded out unions over steps to cool Australia's housing market, with measures that range from a new sales tax for investors sitting on large property portfolios, to curbing the popular strategy of using negative gearing for multiple properties.

Senior federal Labor figures and key union backers are believed to have discussed the plan as a way to tackle housing affordability. Details of the proposals, which would apply to home owners with two or more investment properties, have not yet been developed. The talks come before a tax summit planned for later this year.

http://www.smh.com.au/national/talks-test-the-water-on-negative-gearing-change-20110420-1doxq.html