Little relief ahead for Australian renters, report finds
By Elizabeth Redman
There’s little relief in sight for renters, as the national rental vacancy rate fell over the past month.
Just 0.9 per cent of rentals were vacant in July across the country, down from 1 per cent in June, the Domain Vacancy Rates Report for July showed.
A balanced market for tenants and landlords is about 3 per cent vacancy and renters have faced long queues and stiff competition for months.
Sydney’s rental vacancy rate held steady at 1.2 per cent in July.Credit: Peter Rae
A desire for more space to work from home, combined with the return of international migration, increased demand for rentals faster than the supply of available housing.
It’s not quite as tight as earlier in the year, when the vacancy rate held at 0.8 per cent for months.
“While it’s still a landlord’s market, the good news is that vacancy rates are slightly higher now compared to the tight conditions we had in late 2022 and early 2023,” Domain chief of research and economics Nicola Powell said.
Sydney’s rental vacancy rate held steady at 1.2 per cent in July, Melbourne’s was also unchanged at 1 per cent, Brisbane was flat at 0.8 per cent and Perth was steady at an ultra-tight 0.4 per cent.
Labor senator slams Noetic over ‘deeply concerning’ claims
It comes after this masthead reported consultancy firm Noetic made the claims in a confidential document as it sought to attract the interests of a purchaser in 2018.
The firm has won Defence and Home Affairs contracts worth tens of millions of dollars.
Senator O’Neill lashed the previous government in a statement, saying the Australian Public Service was “systematically dismantled”.
Noetic included a list of relationships with “key clients” such as high-ranking national security agency officials.Credit: Alex Ellinghausen
“In its place, a corpocratic [sic] consulting sector infiltrated the public service.
“The revelations that consulting firm Noetic claimed ‘unfettered access’ to high-ranking public service officials are deeply concerning,” she said.
The senator said the integrity of the country’s public service was a crucial component of Australia’s national security.
“It is clear that consulting firms have, in a number of instances and across multiple firms, inappropriately obtained, retained and shared confidential Australian government information.”
O’Neill said it was not the case of a “singular bad apple”.
“There is a whole orchard growing inside our government departments. The abandonment of even the most basic ethical principles, and the elevation of the pursuit of profit above all else, is clearly endemic across the consulting sector.”
She lashed Noetic’s “contemptuous ranking” of Australian public service personnel.
“[It] reflects a feeding frenzy of unethical attempts by consultants to gain influence, and monetary benefit, via public service officials.”
The consulting sector allowed unregulated and unethical behaviour to thrive, and it was time to end it, the senator said.
Damning findings against Shane Drumgold in Lehrmann inquiry
By Angus Thompson
ACT top prosecutor Shane Drumgold, SC lied to the Supreme Court in the lead-up to the rape trial of former Coalition staffer Bruce Lehrmann, a report into the handling of the high-profile case has found.
The inquiry, helmed by former Queensland Supreme Court judge Walter Sofronoff, has made several damning findings about the conduct of the territory’s Director of Public Prosecutions, including that he improperly questioned Liberal senator Linda Reynolds during the trial.
ACT Director of Public Prosecutions Shane Drumgold is the subject of damning findings by a high-profile inquiry.Credit: Rhett Wyman
Comment has been sought from Drumgold. His barrister, Mark Tedeschi, KC declined to comment.
The findings of the inquiry were handed to the ACT government on Monday, and are not expected to be formally released until the end of the month, when the territory’s parliament next sits.
‘I do have concerns,’ NSW premier says after sacking minister
By Olivia Ireland
NSW Premier Chris Minns has concerns former cabinet minister Tim Crakanthorp acted in his public capacity for private interests after being sacked for failing to disclose private holdings across the Hunter region, but stopped short of giving more detail on what prompted the dismissal.
“I’m not going to go into that if I have to provide all that information to the Independent Commission Against Corruption, I’ve got responsibilities to ensure that they’ve got the information in their hands, and they can conduct a full investigation,” Minns said.
NSW Premier Chris Minns speaks about the decision to sack Tim Crakanthorp.Credit: Dion Georgopoulos
Significant commercial property assets in the Hunter region are held by members of Crakanthorp’s family, including his wife Laura and his father-in-law Joe Manitta.
“Obviously like any town in NSW, … there is the potential for development within those places, if you look at any regional centre from Newcastle in particular, that’s the case. Now if there is or there has been a concern about [Crakanthorp] acting in his public capacity, or potential private interests that needs to be investigated,” Minns said.
“I do have concerns about that, I’m being honest about it and that’s why we refer to the ICAC, but I don’t think it’s appropriate for me to speculate on those conditions or those circumstances. I need the corruption watchdog to do that job.”
NSW Treasurer Daniel Mookhey also spoke to Sydney’s 2GB radio presenter Ben Fordham, saying Crakanthorp’s failure to disclose private holdings was now in the hands of ICAC.
“It’s not great news for the government, no one wanted to find ourselves in this position, but clearly the premier is quite insistent there are standards every minister has to follow, and it’s obvious now that the premier will be enforcing them,” he said.
Mookhey would not specify what triggered Minns to refer Crakanthorp to ICAC, but indicated the premier’s office had received information earlier this week which led to the cabinet minister’s sacking.
“Obviously, the premier has made clear that some information that he received certainly triggered his and the government’s obligation to make a referral to the ICAC,” Mookhey said.
Australia’s biggest companies back Voice to parliament
Earlier, Indigenous Australians Assistant Minister Malarndirri McCarthy said opponents of the Voice were trying to distract from its key purpose.
“It’s actually about First Nations people across the country who actually don’t have a voice and would like to be able to influence policy that impacts their lives,” she told Nine’s Today on Thursday.
“We have to stay focused on that.”
A vote proposing constitutional recognition of Indigenous people and enshrining a Voice to parliament will be held between October and December.
Assistant Minister for Indigenous Australians Malarndirri McCarthy.Credit: Alex Ellinghausen
Her comments come as Australia’s peak business body said it would back the Indigenous voice, declaring its support for the “empowerment” of Aboriginal and Torres Strait Islander people.
The Business Council of Australia announced its position today, with data showing its member companies spent more than $1 billion on Indigenous-owned businesses each year.
“We believe the Voice is the right mechanism to give Indigenous Australians a stronger say on legislation, policy and programs that directly impact their communities and their lives,” council chief executive Jennifer Westacott said.
“We know we get better results when we listen.”
The council – whose members include BHP, Commonwealth Bank, Qantas and Woodside – joins a string of community, religious and sporting organisations lending support.
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Conversation needed on superannuation bequests: assistant treasurer
By Shane Wright
There needs to be a “conversation” about the large proportion of superannuation handed on as bequests while the aged care sector struggles for financial stability, Assistant Treasurer Stephen Jones has said.
Jones, whose responsibilities include super, said it was odd that about a third of the value of superannuation was passed on as inheritances, rather than used as retirement income.
A taskforce headed by Aged Care Minister Anika Wells is examining issues raised by the royal commission into aged care, which is one of the fastest-growing federal budget costs.
Assistant Treasurer Stephen Jones.Credit: Natalie Boog
The royal commission raised the prospect of a levy to help pay for aged care services, which are expected to lift sharply as the population ages.
Jones, speaking to ABC TV, said there had to be a conversation about the possible use of parts of a person’s super to cover their aged-care costs.
“The purpose of superannuation is to provide for retirement income. And of course, those last stages in a person’s life has got to be taken into account in this,” he said.
“It strikes me as odd in a system – which is about retirement income – that a third of the cheques written by superannuation fund, by value, are bequests.”
Jones said there would always be bequests out of super, but that was not the purpose of the system.
“It’s not the purpose of superannuation to have a tax-preferred, estate-planning mechanism. It’s for providing for people in their retirement,” he said.
“We’ve got a crisis of funding in aged care, at the same time we have one-third of the value of funds being written out in requests. That doesn’t square.”
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Deputy Liberal leader probed about why Dutton isn’t attending Garma
By Caroline Schelle
Circling back to deputy Liberal leader Sussan Ley, who was asked why the opposition leader wasn’t attending the Garma Festival this weekend.
During an interview on ABC radio yesterday, the prime minister urged Peter Dutton to attend the high-profile Garma Indigenous festival.
“That’s a matter for him. We all have competing priorities,” Ley told RN Breakfast when questioned about the issue this morning.
Sussan Ley during question time at Parliament House in Canberra on Tuesday.Credit: Alex Ellinghausen
She said many MPs had attended Garma over several years, and added it wasn’t about a single festival.
“It’s about Indigenous lives every day. It’s about communities everywhere across Australia. It’s about the communities in my electorate,” Ley said.
But host Hamish Macdonald pushed the deputy Liberal leader about why Dutton wasn’t attending the festival.
“What is more important for Peter Dutton this weekend?” he asked.
Ley told the host he would have to ask the opposition leader about why he wasn’t attending.
“I’m not going ... because I have competing priorities in my electorate that have been in my calendar for a long time.
“I’m not going to suggest that, because a member of parliament does not attend Garma, they are not committed to reconciliation. That is a totally unreasonable proposition.”
NSW minister sacked for ‘conflict of interest over family holdings’
By Max Maddison, Michael McGowan and Carrie Fellner
In case you missed it, NSW Skills, TAFE and Tertiary Education Minister Tim Crakanthorp was sacked yesterday and referred to the corruption watchdog for a significant breach of the ministerial code.
This was because he failed to disclose “substantial” private family holdings.
NSW Premier Chris Minns speaks during a snap press conference yesterday. Credit: Dion Georgopoulos
In a media conference yesterday afternoon, Premier Chris Minns asked Crakanthorp for his resignation after he became aware earlier in the day that the Newcastle MP and Minister for the Hunter had breached the ministerial code.
“As a result of that conversation, I’ve asked him to resign his commission as a minister, and he has agreed to do that,” Minns said.
“I’ve lost confidence in his ability to be a minister in my government.”
NSW Premier Chris Minns and Health Minister Ryan Park are holding a press conference the day after cabinet minister Tim Crakanthorp was sacked for failing to disclose private holdings.
Watch below:
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Ley lashes PM over lack of explanation about treaty
By Caroline Schelle
Deputy Liberal leader Sussan Ley has criticised the prime minister about the lack of explanation around a potential treaty with Indigenous Australians.
Yesterday, Prime Minister Anthony Albanese refused to spell out the government’s position on treaty and leading Voice campaigners say it would take decades to finalise.
Ley was asked on RN Breakfast why it was such a big issue to discuss a potential treaty in Australia.
“Because we haven’t had the explanation about what the treaty is,” she said.
Deputy Liberal leader Sussan Ley.Credit: Rhett Wyman
“I’m sure in all those countries that you mentioned, the members of parliament, the leaders of those countries were actually able to explain to the people what it meant,” she said when asked about other countries’ responses.
She said Indigenous Australians Minister Linda Burney was “not up to the task” of explaining it to the public.
“We need good, sensible, reasonable explanations that actually explain what this means and how much it will cost.”
She also hit out at the prime minister for signing up to the Uluru Statement from the Heart in full, and for “backing away from that”.
“If he signed us up to the Uluru statement in full to be delivered in this term of Parliament, which is on the Labour Party platform, and he has spoken about himself, he’s now backing away from that. He’s avoiding questions on that. He’s not actually confronting the issue.”