Opposition criticism of housing market data

Coming up, the federal government touting cost of living supports for the new financial year, the opposition accusing the government of tanking property prices, and a tribute to a world renowned Australian scientist. I'm Jefferson Shaw with your newews update The federal government says Australians will be better off as a result of changes to mark the new financial year. The minimum wage will rise above one thousand dollars a week, while income tax rates will be reduced. Employers are now required to make superannuation contributions in each pay cycle rather than quarterly. Treasurer Jim Chalers says the changes will help ease cost of living pressure G've got more tax cuts, more pay rises We extend paid parental leave, the instant asset write off for small business We pay super on payday and there's more relief at the bowser as well when it comes to excise relief. We know people are still under pressure. That's why we're helping with the cost of living and why this day, first of July is so important. Radio Network ARN has dropped presenter Carl Stefanovik from his new show after two episodes. It follows a recent podcast controversy that saw him leave the nine network C host Eddie McGuire will continue presenting the ARN Friday prorogram A suspected people smuggling incident off Queensland has raised questions about the federal government's handling of border security. Amy Drew reports. A boat reportedly carrying twelve asylum seekers was intercepted at WePper on the Cape York Peninsula yesterday. The group, believed to be Chinese nationals, are now in custody. It's understood the incident is being investigated as a people smuggling operation Nationals MP David Littleprd claims labor is neglecting security on Australia's northern borders, and this interception could trigger a new surge in illegal boat arrivals. The Australian border Force are yet to comment on the matter Amy Drew, reporting The opposition has seized on new data showing a sharp drop in property prices. Analysts say higher interest rates and the federal government's tax changes are behind the fall. Some Australians have welcomed the decrease, but others have seen the value of their home fall into negative equity. Liberal leader Angus Taylor has used question time to demand the government address the problem Slavers' toxic taxes are tanking the housing market Housing data released today shows house prices have already fallen further than Treasury predicted, and HSBC and Morgan Stanley predict further falls of eight to ten percent Will the Prime Minister guarantee house prices won't fall any further And the housing market is also under pressure with a drop in building approvals and a decline in customers seeking mortgages. The data shows a big rise in non residential buildings as the construction of data centers ramps up The Federal Parliament has paid tribute to Professor Richard Scolia, with his family welcome to the Chamber. The fifty nine year old recently died after a battle with brain cancer. He took part in an experimental treatment that prolonged his life for three years. Prime Minister Anthony Arbanzi has told Parliament his research leaves a great legacy Rich gently called H uncertain path But he traveled it with determination and a grace that never ceased to be simply extraordinary The way he shared it with us was an act of generosity In sport Daria Kazakkina will be back on court tonight at day three at Wimbbleton. Craig Gabriel reports. In the top half of the women's draw, the earnest struling is Daria Kasakkina. Dasha wears her heart on her sleeve and she's very open at what she thinks of her own court play and what she's been doing off court. She plays the Indonesian Janice Chen, who's been making inroads on the tour and upset the twenty second seed Lla Fernandez Tenagers JZao V Fane and Rafa Horda have matches along with Janik Sinner and Novak Jakobit, Craig Gabriel Wimbledon. Bulldogs half backack Lchghlin Galvin and Roster center Hugo Selvala have joined the blues in Origin Kp. Tyron Wishhard and Kleese Has will join tomorrow with the quartet to gain experience as emerging prospects Mexico has defeated Ecuador two nil to move into the round of sixteen at the FIFA World Cup, France beat Sweden three nil, while Norway defeated Ivory Coast two one In basketball legend, LeBron James has confirmed he's leaving the LA Lakers after eight seasons with the NBA club. In finance, one Australian dollar is buying around sixty eight point eight nine US cents. I'm Jefferson Shaw and that's the latest from Tap News