Housing prices plunge across major cities

Gold Coast arson leaves two critical, tax changes begin, more bird flu cases

Two people are fighting for life with severe burns after an arson attack on a Gold Coast home in Hope Island, with police investigating the incident as domestic violence related. A boat carrying approximately a dozen asylum seekers, reportedly Chinese nationals, has been intercepted by Australian Border Force off the coast of far north Queensland near Cape York Peninsula. New government tax changes take effect, including a $5 weekly tax cut and increased minimum wage, while fuel excise is reintroduced at half rate and NBN and postal services see price increases. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

New tax changes bring wins and losses for Aussies

Australian government tax changes take effect today, introducing a $5 weekly tax cut, $57 per week minimum wage increase, two-week paid parental leave extension, and higher Centrelink benefits. Cost increases will apply to NBN plans and Australia Post retail services. Fuel excise has been reintroduced at half rate, increasing from 16 to 32 cents per litre, though price rises at service stations will be gradual as fresh deliveries arrive, with watchdogs monitoring for price gouging. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Housing prices plunge across major cities

Australian housing prices experienced their largest monthly decline since December 2022, with Melbourne falling 0.5% and Sydney dropping 0.5% in June alone. Melbourne recorded a 2.6% decrease and Sydney a 3.6% decrease across the second quarter of 2024, with clearance rates reaching lows not seen since the COVID-19 pandemic. The federal government faces a challenging balance between making housing more affordable for first home buyers while protecting existing homeowners and mortgage holders from declining property values. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

World's largest drone shark patrol launches in NSW

New South Wales launches the world's most extensive drone-based shark monitoring programme, deploying more than 150 drones to patrol 70 beaches across the state daily. The $120 million two-year initiative by Surf Life Saving New South Wales will conduct 500,000 drone flights annually, with 38 beaches in Sydney and 32 regional beaches receiving dawn-to-dusk surveillance. The programme represents a world-first approach to beach safety and shark detection. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Arson attack leaves two with life-threatening burns at Hope Island

An arson attack on a home in Hope Island, Gold Coast, has left two people with life-threatening burns who were rushed to the Royal Brisbane and Women's Hospital. An offender allegedly set the Sickle Avenue property alight just before midnight, causing a ferocious blaze that required 15 firefighters to extinguish and resulted in partial structural collapse. A third person self-evacuated with minor injuries, while fire investigators and police continue their investigation at the active crime scene. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.