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Key posts
- Concern about interest rates slowing home value growth
- Ukraine reports Russian attack in east, progress in suoth
- This morning’s headlines at a glance
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Concern about interest rates slowing home value growth
Home values across the country rose for the fourth consecutive month in June, albeit at a slowing pace, as concerns about further interest rate rises kept the number of property listings down.
According to figures from CoreLogic, home values rose 1.1 per cent in June, slightly slower than the 1.2 per cent growth in May. Nationally home values have risen 2.8 per cent over the three months to June.
Home values have risen across the country for the fourth consecutive month.Credit: Louise Kennerley
The Reserve Bank will meet tomorrow to decide whether to lift interest rates for a 13th time as it tackles ongoing high inflation, after surprising experts and the markets by lifting the official cash rate to 4.1 per cent at its June meeting.
Keep reading about this issue here.
Ukraine reports Russian attack in east, progress in suoth
Turning to the war in Ukraine, the country’s forces are resisting a Russian onslaught in eastern areas of the front and face difficulties in the northeast, but are making progress near the shattered city of Bakhmut and in the south, the deputy defence minister said.
Russian accounts of the front line said Moscow’s forces had repelled Ukrainian attacks near villages ringing Bakhmut and in areas further south, particularly the strategic hilltop town of Vuhlear.
They also reported success in containing Ukrainian troops in the northeast. Reuters could not confirm any of the battlefield accounts.
An Australian Bushmaster in action on the outskirts of Bakhmut.Credit: Julian Knysh
Ukrainian President Volodymyr Zelensky, meanwhile, presented awards to troops in the port of Odesa and vowed: “The enemy will in no way dictate its terms in the Black Sea!”
Ukraine’s military have been engaged in a counter-offensive to recapture areas of the east and south seized in Russia’s 16-month-old invasion. The initial Ukrainian advances have focused on securing clusters of villages in the south.
Deputy Ukrainian Defence Minister Hanna Maliar, writing on Telegram, said, “everywhere things are hot” in the east, with Russian forces advancing near the beleaguered cities of Avdiivka and Maryinka in Donetsk region.
“In addition, the enemy has started an attack in the Svatove area,” she said, referring to a region of northeastern Ukraine where Russian forces have been active.
“Fierce fighting is taking place…The situation is quite complicated.”
Maliar reported “partial success” south of Bakhmut, taken in late May by Russian forces after months of fierce fighting.
And on the southern front, where Ukrainian forces have recaptured several villages, Maliar said there had been “gradual advances” in two areas.
Reuters
This morning’s headlines at a glance
Good morning, and thanks for your company.
I’m Caroline Schelle, and I’ll be anchoring our live coverage for the first half of the day. It’s Monday, July 3.
Here’s what you need to know before we get started:
- Indonesian leader Joko Widodo wants to join forces on producing electric vehicle batteries and hopes to seal a partnership as he meets Anthony Albanese in Sydney today.
- Home values across the country rose for the fourth consecutive month in June, as concerns about further interest rate rises kept the number of property listings down.
- Major providers say older Australians with large superannuation balances or high-value properties should be paying for more for aged care.
- Nationals frontbencher Jacinta Nampijinpa Price is open to working with One Nation leader Pauline Hanson on the written No case to be published in the official Voice referendum pamphlet.
Prime Minister Anthony Albanese is set to meet Indonesia’s President Joko Widodo. Credit: Paul Jeffers
- Australia has been criticised for siding with China and Russia to oppose a popular plan from a group of Pacific Island nations to tackle carbon emissions from the shipping industry.
- Australia’s coal miners and gas producers are facing sharp falls in commodity prices this year, ending their extraordinary run of record profits.
- Troubled accounting and consultancy giant PwC has been referred to the new National Anti-Corruption Commission.
Overseas, the grandmother of the 17-year-old boy killed by police during a traffic stop in a Paris suburb says she wants the nationwide rioting triggered by his death to end.
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