By James Eyers The government's proposed reforms to negative gearing and capital gains tax have triggered a 20 per cent fall in Westpac's housing investor loan applications over the past three weeks, with the head of consumer banking Carolyn McCann warning there is widespread community concern about the changes. The federal budget revealed a minimum 30 per cent tax on capital gains to be imposed from July 2027 and the abolition of negative gearing for existing properties.