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Hello and welcome to our national news live coverage for Monday, June 22. Here are today’s main headlines.
State budgets handed down: It’s budget day in NSW and Queensland. In NSW, road tolls will be cut and a new housing manufacturing hub will be set up. The budget lock-up ends at 12.30pm. In Queensland, mental health services will receive a $400 million boost.
House prices to slump: House prices in Sydney and Melbourne are likely to fall by up to $100,000 over the next year as the property market slows, with the issue set to be a hot topic in federal parliament today.
Cyber risk grows: The heads of the Five Eyes cybersecurity agencies have issued a rare joint statement warning that artificial intelligence is reshaping cyber risk in months rather than years.
Trust in Trump plummets: Australians say the nation’s relationship with China is more important than its partnership with the US, as trust in Donald Trump hits a new low, a new poll has found.
PM pays tribute to Starmer: Prime Minister Anthony Albanese has paid tribute to his friend, British PM Keir Starmer, after the latter said he would step down.
US lifts sanctions on Iranian oil: A 60-day reprieve of US sanctions on Iranian oil, under an interim peace deal, has reopened the US market to Iranian crude for the first time in 35 years.
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