New financial year changes and cost of living

Coming up on your lunchtime update, property values at their lowest since COVID, Miracle Rescue in Venezuela, and the young Aussie living out a dream at Wibbledon. I'm Madeline McNeil with the latest from Tap News The Prime Mister says it's great news the property prices have come down, even though some homeowners are now in negative equity Federal Pitics editor Michael Packy. Cotality and Prop Track have released new data showing national house prices have declined to levels not seen since COVID. Analysts say higher interest rates and the government's tax changes have dampened the market. Prime Minister Anthony Albanzi has told the ABC He's not too worried, arguing house prices will still grow over the long term. You don't assess things like property a day to day basis. The opposition claims many first home buyers who access the government's five percent deposit scheme have now seen the value of their propertty slump below to what they originally paid Liberal Senator Jane Hume says it's a big concern. That's Labour's plan. The increased uncertainty. They've caused this to happen. On the other side of the coin, new polling shows almost fifty percent of Australians have welcomed the drop in house prices. Michael Packy, Camberra Position claims asylum seekers intercepted off North Queensland could trigger a new surge in illegal boat arrivals Authorities are understood to have stopped a vessel near the Cpe York Peninsula yesterday. The twelve people on board are believed to be from China and are now in custody The coalition claims the federal government failed to invest in securing our northern borders The new financial year is ushered in a suite of changes, which labor claims will help ease cost of living pain. Federal pololitics reporter Nelson Scott. From today, Australia's lowest paid workers will receive a pay rise with the minimum wage tipping over one thousand dollars a week Income tax rates will also come down, which will see every taxpayer at least two hundred and sixty eight dollars a year better off. Businesses are also now required to make superannuation contributions with each paycheck rather than quarterly, while paid parental leave is expanding to six months. Treasurer Jim Chammers says that changes will help Australians doing it tough. We know people are still under pressure. That's why we're helping with the cost of living. But the opposition' Ben small claims any benefits will be quickly eaten up by rising prices and a potential interest rate rise. Inflation is making Jim Chammers look like the guy who's got lollies for every Australian. Centrelink payments are also increasing Nelson Scott Camberra. three year old boy has been found alive six days after two destructive earthquakes in Venezuela. Rescue teams says vital signs were good as he was taken to hospital The death toll from the quakes is nearing two thousand with tens of thousands still unaccounted for Australian researchers have launched a world first program to support health professionals in safely derescribing certain medicines The online resource will focus on weaning adults off high risk drugs such as opioids for chronic pain, M Asash University associate professor Emily Raves says it will also support the deprescription of sleeping pills. Your body becomes tolerant to it, so that means that there's not actually a benefit anymore But if you forget to take it one night before you go to sleep, you'll actually find that your sleep's a lot worse, but in fact, what they're experiencing is a withdrawal reaction And more than five thousand Ker minivans are being recalled due to a manufacturing defect. An issue with the vehicle's fuel pipe affects some carnival models built between twenty twenty and twenty twenty five In finance, the Australian dollar is buying around sixty nine US cents. Sport Australia's Maya joints held her nerve at Wimbledon tobate seven time champion Serena Williams in round one. tenennis correspondent Craig Gabriel reports. Tonight in London, Wimbledon's Centre Ct is Mayor's joinint. In a stunning performance, she's beaten Serena Williams in her first singles comeback match on the court where Williams has won seven trophies. six three, six seven, six three Mayor had a match point in the second set breaker and in the third was down a break joininted as the second consecutive Australian to beat Williams, Isla Tomlanovich was the last at the twenty twenty two US Oen. The twenty year old was so calm about the whole experience, this could very well set up her year. Craig Gabriel Wimbledon The Sokarus have arrived in Texas ahead of their World Cup knockout clash with Egypt on Saturday. In this morning's action, France breezed past Sweden and three Nil to move into the round of sixteen, Norway eliminated Ivory Coast to one A blow for the Tigers in the NRL with Jerome Lui ruled out of Saturday's clash with the Dragons due to concussion. In AFL, Western Bulldogs rug team English is in doubt for Friday's clash with Sydney as he battles are sore back. And Australia's women are thrown to the T twenty World Cup final after downing the West Indies by eight wickets. Set a target of one hundred and twenty six, a sixty three run partnership from Beth Mooney and Ash Garders, where Australia finished the chase with seven oververs to spare