Rachel RaskerUpdated July 1, 2026 — 7:11am,first published 6:50amWhat’s making news todayBy Rachel RaskerHello and welcome to our national news live blog for Wednesday, July 1. Here’s what is making headlines today.It’s the first day of a new financial year, with a sweep of new rules, tolls and tax changes coming into effect. These include a pay rise for minimum wage workers, a minor tax cut and a cut to the fuel excise.Home values across the nation’s capital cities have suffered their biggest fall in almost four years, led by sharp drops in Sydney and Melbourne as rate rises, unaffordable homes and the government’s tax changes combine to slow the market. But new figures show the nation’s housing market has never been less affordable.The US Supreme Court has struck down President Donald Trump’s executive order to end birthright citizenship, but allowed states to bar transgender athletes from women’s and girls’ sports.We’ve reached the knockout stage of the FIFA World Cup, with France currently taking on Sweden, and Mexico matching up against Ecuador at 11am. Norway have beaten Ivory Coast this morning, putting them through to the round of 16. You can follow along on our live blog here.Latest Posts7.11amButler denies Treasury made mistake as house prices fallBy House prices have seen their biggest monthly decline in almost four years, as data compiled by Cotality showed national dwelling values dropped by 0.4 per cent in June. It was the largest single monthly fall since December 2022.Labor frontbencher Mark Butler said the decline could not solely be blamed on the government’s capital gains tax changes, and told ABC News Breakfast this morning there was “a lot happening in the housing market,” including RBA interest rate rises and the war in Iran.Health Minister Mark Butler.Dominic Lorrimer“First home buyers are getting a fair crack for the first time in a long time, they’re bidding against each other for houses rather than bidding against investors that have the benefit of a tax break, and that’s exactly what we were seeking to achieve.”Butler said the government had thought about the changes “very carefully,” and said more time was needed to assess their impact.“The history of house prices in Australia is one of growth,” he said. “We’re very confident in Treasury’s forecasts. House prices [and] house values for existing owners will continue to grow. They’ll just grow a little bit more softly for a period than otherwise would have.”6.45amUS envoys arrive in Qatar for meetings on IranBy Trump’s special Middle East envoy Steve Witkoff and his son-in-law Jared Kushner have planned meetings with mediators about the implementation of an initial deal to end the war in Iran, following more crossfire in the Persian Gulf.They won’t directly negotiate with Iranian diplomats and will instead use mediators as go-betweens, said Majed al-Ansari, a spokesman for Qatar’s Foreign Ministry.Iran was also sending a delegation to Qatar, but has no plans to meet with the American side at any level, Iran’s Foreign Ministry spokesman Esmail Baghaei said. His statement left open the possibility of messages being passed through the Qataris.It comes as Iran’s top negotiator Mohammad Baqer Qalibaf told an interview with state TV that any meetings held by Iran are solely aimed at fulfilling MoU commitments. He said Iran will not enter further negotiations until conditions of the memorandum of understanding signed between Iran and the United States are met.Iran has sovereignty in the Strait of Hormuz along with Oman and it will never compromise on its rights in the Strait of Hormuz, Qalbaf said, adding passage without cost in the strait is only for 60 days per the US agreement.With AP6.30amWorkers urged to check payslips as minimum wage changes kick inBy Rachel Rasker and Brittany BuschMillions of workers will get a pay rise from the first full pay period after today after the Fair Work Commission approved a 4.75 per cent increase to award wages. Workers on the minimum wage will get a 6 per cent boost.The increase takes the minimum annual wage, based on a 38-hour working week, to above $50,000 a year for the first time. It will hit $1004.90 a week, or $26.44 an hour, up from $948 a week and $24.95 an hour last year.Australian Council of Trade Unions Secretary Sally McManus urged workers to compare their final June payslip with their first full payslip after July 1, to confirm the new rate has been correctly applied by their employer.“July is pay rise month for millions of Australian workers. It’s not just those on award wages, but many collective agreements have pay rises that also kick in on 1 July,” she said.“It’s important that everyone who is affected checks their payslips this month to ensure their employer is paying what unions fought for and so they can experience the cost-of-living relief that comes from extra pay.”Workers who are concerned they may not have received the wage rise should keep records of their pay slips, contact their union or call Australian Unions on 1300 486 466, McManus said.Pinned post from 6.12amWhat’s making news todayBy Rachel RaskerHello and welcome to our national news live blog for Wednesday, July 1. Here’s what is making headlines today.It’s the first day of a new financial year, with a sweep of new rules, tolls and tax changes coming into effect. These include a pay rise for minimum wage workers, a minor tax cut and a cut to the fuel excise.Home values across the nation’s capital cities have suffered their biggest fall in almost four years, led by sharp drops in Sydney and Melbourne as rate rises, unaffordable homes and the government’s tax changes combine to slow the market. But new figures show the nation’s housing market has never been less affordable.The US Supreme Court has struck down President Donald Trump’s executive order to end birthright citizenship, but allowed states to bar transgender athletes from women’s and girls’ sports.We’ve reached the knockout stage of the FIFA World Cup, with France currently taking on Sweden, and Mexico matching up against Ecuador at 11am. Norway have beaten Ivory Coast this morning, putting them through to the round of 16. You can follow along on our live blog here.1 of 1