Each Bendigo and Kooyong are again to being too near name.
Bendigo is one other seat the place the two-candidate-preferred depend is being redone, with the brand new last two of Labor and the Nationals. The brand new depend is exhibiting sturdy desire flows to the Nationals, which implies the seat is now undecided – beforehand we had it as going to Labor.
In Kooyong, unbiased Monique Ryan continues to be within the lead, and nonetheless stays more likely to win based on fashions from election analysts Ben Raue and William Bowe. Nevertheless, the race is quite a bit nearer than we beforehand thought, so it can stay on the undecided record till issues develop into extra clear.
Member for the seat of Kooyong, Monique Ryan, speaks to the media in Malvern, Melbourne on Sunday. {Photograph}: Diego Fedele/EPA
Key occasions
Catie McLeod
Tasmanian Liberal senator says Coalition HQ ignored native suggestions in “unhealthy marketing campaign”
The Tasmanian Liberal senator Jonathon Duniam has criticised the Coalition’s marketing campaign headquarters, saying it ignored native suggestions, following Labor’s landslide federal election win.
Talking on Sky Information earlier, Duniam mentioned the Coalition’s central HQ had “frankly” run a “unhealthy marketing campaign”.
He mentioned:
Many people on the bottom proper throughout the nation, me right here in Tasmania, noticed some fairly alarming indicators, which we fed in however had been ignored.
We had unhealthy pollsters giving us unhealthy numbers, method off the mark, completely out of line with all the printed polling.
Our personal polling right here in Tasmania pointed to the wipeout we finally acquired and so there are some individuals in our marketing campaign headquarters who’re going to must reply some questions for us round what went unsuitable right here.
Labor has received two Tasmanian seats – Bass and Braddon – off the Liberals, that means the state has been left with no Coalition members in the home of representatives.
Future Fund beats 10-year goal, swells to $241b
Australia’s sovereign wealth fund has crushed its mandated 10-year goal and grown its whole funds underneath administration to $307bn, AAP experiences.
The Future Fund itself reached a document worth of greater than $240bn by 31 March, after securing 7.9% returns for the yr.
“This was a powerful consequence that displays the work we’ve got been doing for the previous 4 years to make sure the portfolio is resilient and versatile to a spread of situations,” Future Fund chief government, Raphael Arndt, mentioned on Tuesday.
By comparability, the S&P/ASX200 rose simply over 2% within the 12 months to April, or virtually 9% within the 2024 calendar yr, when the Future Fund improved by 12.2%.
Pleasingly returns have additionally elevated the worth of the opposite six funds managed by the Future Fund Board of Guardians by $4.9bn to $66.8bn whereas additionally offering $985.7 m in funds to assist their supposed programme priorities within the monetary yr up to now.
Troublesome market situations elevated by latest US commerce coverage and geopolitical tensions would doubtless result in increased bond yields and will fire up inflation.
We’re seeing consequential modifications in geopolitical, financial and market environments in the intervening time and that’s inflicting volatility and uncertainty for buyers.
These are the situations for which the portfolio has been constructed over the previous 5 years, and it has behaved to our expectations in latest months.
Monique Ryan retains slim lead in Kooyong
Nick Evershed
Each Bendigo and Kooyong are again to being too near name.
Bendigo is one other seat the place the two-candidate-preferred depend is being redone, with the brand new last two of Labor and the Nationals. The brand new depend is exhibiting sturdy desire flows to the Nationals, which implies the seat is now undecided – beforehand we had it as going to Labor.
In Kooyong, unbiased Monique Ryan continues to be within the lead, and nonetheless stays more likely to win based on fashions from election analysts Ben Raue and William Bowe. Nevertheless, the race is quite a bit nearer than we beforehand thought, so it can stay on the undecided record till issues develop into extra clear.
Member for the seat of Kooyong, Monique Ryan, speaks to the media in Malvern, Melbourne on Sunday. {Photograph}: Diego Fedele/EPA
Luca Ittimani
Residence approvals down 8.8% in March amid wrestle to satisfy goal of 1.2m new properties
New house approvals had been 8.8% decrease in March in an additional signal the economic system is struggling to satisfy the Albanese authorities’s goal of 1.2m new properties by mid-2029.
The autumn to fifteen,220, from 16,683 in February, places the brakes on an upswing that had began in mid-2024. That February determine got here in 26.5% increased than it had the yr earlier than however the development fee halved in right now’s March determine, at simply 13.4%, based on the Australian Bureau of Statistics.
A lot of the slippage got here from flats and different non-house dwellings. About 7,200 of these had been accredited in February, however solely 6,100 in March, although Westpac analysts famous items soar round a bit and had been unusually excessive early this yr.
However the non-public sector additionally obtained fewer okays for brand new homes, which continued to fall from its September peak again to ranges seen in February 2024.
The slide was a lot larger than anticipated, with the market predicting approvals to fall by 0.6%, Westpac mentioned, whereas the financial institution itself was anticipating a 1.5% slide.
The re-elected Albanese authorities has promised to see 1.2m new properties constructed by mid-2029, or at the least 240,000 per yr. however economists have warned the nation is effectively behind on that determine. Constructing approvals fairly neatly monitor new constructing begins, and with simply over 180,000 new approvals within the yr to March, Australia continues to be operating effectively behind.
Will that tempo enhance? Commonwealth Financial institution analysts had been optimistic as to the remainder of the yr forward of the info launch, although that they had solely been anticipating a 2% fall:
We do count on rate of interest cuts and rising dwelling costs to assist a continued enchancment in constructing approvals by this yr.
Nick Evershed
Time for an replace on undecided seats – Queensland’s Forde for Labor
We’re calling Forde for Labor, which is a acquire on the expense of the LNP’s Bert van Manen.
The Liberals have additionally efficiently retained Forrest in WA.
Fremantle, Wills, Menzies, Monash, Flinders and Calwell are nonetheless too near name at this level.
Bullwinkel is so shut that the Labor and Liberal candidates are separated by solely 28 votes, with the Labor candidate Trish Cook dinner within the lead. The AEC lists 3,081 postal and different votes nonetheless to be processed right now (and this quantity will change, with most absent and pre-poll votes but to be counted), and thus far the postal votes are splitting narrowly in favour of the Liberal social gathering candidate.
Marketing campaign corflutes at a polling station within the seat of Bullwinkel in Perth on Saturday. {Photograph}: Aaron Bunch/AAP
In Longman, the LNP candidate leads by 309 votes, regardless of a swing towards him of two.9 share factors. Postal votes are actually favouring the LNP, with 53.2% going their method in contrast with 46.8% for Labor, so it’s arduous to see how Labor might take the lead right here. However once more, most absent and declaration votes have but to be counted and will favour Labor extra.
The ALP are very more likely to retain Richmond towards the Greens, however this is likely one of the seats the place the two-candidate most well-liked depend is being re-done, so we’re going to carry off a little bit longer earlier than making a name.
I’ll do a separate put up on the opposite seats which contain both the Greens or unbiased candidates.
Liberal Hollie Hughes: Taylor ought to have been supporting Dutton, not mulling future management function
Outgoing Liberal senator for NSW Hollie Hughes has claimed the shadow treasurer, Angus Taylor, was manoeuvreing for the Liberal management two to 3 weeks earlier than the tip of the election marketing campaign on Saturday.
Hughes instructed Sky Information on Monday night time:
I acquired a cellphone name right now from somebody who was a really senior particular person inside the organisation on the federal degree, they usually had obtained a cellphone name – they had been saying two to 3 weeks in the past – encouraging her to get behind supporting Angus for chief. In order that was two, three weeks earlier than the election was completed, and I used to be horrified when the numbers had been being performed.
She mentioned it wasn’t one thing she was aware about in the course of the election marketing campaign, and she or he mentioned Taylor ought to have been supporting Dutton in the course of the election.
I’m a Liberal, and I’m nonetheless very a lot dedicated to Liberal values, however I feel the behaviour of among the individuals in that social gathering room is completely reprehensible. I don’t assume they had been supportive of Peter Dutton. I don’t assume they did the work. And I feel they had been extra occupied with their very own future political ambitions than they had been [anything] else. And you recognize, I feel that reveals from the coverage vacuum that we noticed.
Hughes mentioned a joint Taylor and Dan Tehan ticket could be the unsuitable name, given the social gathering’s downside with feminine voters, and she or he mentioned they need to “return to the monkey pod” – a reference to the room members of the appropriate faction met in parliament for lunch. She mentioned she helps Sussan Ley for the management. Hughes will get to vote within the social gathering room earlier than her time period within the Senate expires subsequent month.
Wild winds forecast for Victoria’s jap ranges, this afternoon
A extreme damaging winds warning has been issued for elements of the jap ranges of Victoria, with gusts round 90km/h potential above 1200 metres from this afternoon.
The Bureau of Meterology has mentioned the winds will ease after dawn tomorrow.
Tory Shepherd
Dutch tutorial poses new idea about centuries-old shipwreck
An “evil” man took benefit of a shipwreck to guide a mutiny that triggered the demise of greater than 100 males, ladies and kids.
So goes the story of the Batavia, wrecked off the Western Australian coast in 1629. However does the reality lie elsewhere?
Learn extra on this story under.
Victoria Well being: watch out for toxic mushrooms, this autumn
The Victorian well being division is warning individuals to pay attention to toxic mushrooms rising throughout autumn as climate turns into wetter and cooler.
Demise cap mushrooms and yellow-staining mushrooms are extra evident right now of yr, the Victorian chief well being officer, Dr Christian McGrath mentioned, and other people must be looking out for the mushrooms rising in house gardens and publicly accessible areas.
This autumn, wetter, cooler climate is selling the expansion of toxic mushrooms, together with demise caps. {Photograph}: Tom Might
Preliminary signs of the poisoning embody abdomen pains, nausea, vomiting and diarrhoea.
McGrath mentioned:
Adults and kids mustn’t contact wild mushrooms with their naked arms, not to mention eat them, and animals must be stored effectively away from them.
Anybody who collects and consumes wild mushrooms of unknown species is placing themselves prone to potential poisoning and critical sickness. Consuming a demise cap mushroom could be deadly.
The mushrooms ought to solely be faraway from house gardens by sporting gloves, putting them in a bag, and disposing of them in a closed basic waste garbage bin.
Tasmania’s social housing waitlist has hit a document excessive of greater than 5,000 purposes, with 3,871 individuals homeless or sleeping tough.
The info was launched because the Tasmanian Council of Social Service (TasCOSS) unveiled a brand new, interactive housing dashboard.
Tasmania’s housing and rental disaster has pressured some individuals to sleep open air. {Photograph}: Peter Whyte/The Guardian
TasCOSS chief government Adrienne Picone questioned if the state was on monitor to satisfy its goal of 10,000 social and inexpensive properties by 2032.
She mentioned:
The dashboard reveals Houses Tasmania has delivered a mixture of 4,345 ‘properties’ since 2022, however this contains land tons and disaster items. In precise reality, the variety of protected, safe and acceptable new properties is simply, at most, 2,567.
In the meantime, a key barometer for inexpensive housing availability on this state – the social housing waitlist – hit a document excessive 5,000 purposes final month, with 3,871 of these homeless or sleeping tough.
This should ring alarm bells for a authorities dedicated to finish homelessness in Tasmania by 2043.
It begs the query, is the federal government’s housing goal and document on supply maintaining with the extent of want in the neighborhood?
Benita Kolovos
Victoria’s new commissioner: police exist to forestall crime
Mike Bush says the problems dealing with Victoria – final yr it recorded its highest crime fee in virtually a decade – usually are not distinctive. He says he’ll take a “completely different” method to the previous management of Victoria police to deal with it.
There are crime points inside the state. Everybody is aware of that these crime points are literally world, fairly related wherever you go, however it’s not ok simply to show up after the act. It’s actually essential that we reply effectively, we examine, we resolve, however it’s important to do extra.
You must get in entrance of this stuff. And having a prevention mindset and a prevention focus on the entrance is absolutely, actually essential. A few of you’ll be conversant in Sir Robert Peel, that’s the primary precept of policing. We really exist to forestall crime and hurt. So yeah, we can be taking a special have a look at that as to how we do [approach] it. There’ll positively be extra visibility, however we’ll even be fairly subtle about how we carry within the intelligence and deploy individuals to get in entrance of crime points.
Bush additionally confirms he was approached by the Victorian authorities for the function. Allan explains:
The appointment of a brand new chief commissioner is a major one for any authorities. It’s an essential one, and it’s a major one for the neighborhood … The instruction to the recruiting company and the panel was to go and discover the most effective particular person for the job, to go and discover somebody who might have a look at what among the challenges are.
Benita Kolovos
New Victorian police commissioner appointed
The previous head of New Zealand’s police power, Mike Bush, has been appointed Victoria police’s subsequent chief commissioner.
The premier, Jacinta Allan and police minister, Anthony Carbines, have simply made the announcement this morning and had been joined in particular person by Bush.
Victoria’s new police commissioner Mike Bush led the NZ police power for six years. {Photograph}: Daniel Hicks/AAP
Bush joined the New Zealand police in 1978 and was chief commissioner from 2014 till April 2020, when he retired. He led the police response to the 2019 Christchurch bloodbath and the White Island volcano eruption.
Requested what made him come out of retirement, Bush tells reporters:
I’ve an actual ardour for police that’s sort of in my blood. I’ve been doing it my complete grownup life and most of my life has been dedicated to public security. It’s simply so essential that folks in communities are protected and really feel protected, and police companies are on the forefront of that. In order that’s two excellent causes, and the third one is that the state of Victoria is an excellent place. Kiwis love Victoria. I’m no completely different and I’m very honored to be a part of your neighborhood and to serve you.
It’s the first time somebody who has not labored at Victoria police has been appointed to the highest job since 2001.
It follows the resignation of commissioner, Shane Patton, after a no confidence vote by rank and file law enforcement officials. Rick Nugent was then appointed as performing commissioner however blindsided the federal government final month when he introduced he wouldn’t be making use of for the put up.
Visy chair Anthony Pratt resplendent at Met Gala in ‘recycled’ outfit
Australian billionaire and Pratt Industries and Visy chair Anthony Pratt is on the Met Gala in New York, donning a vibrant inexperienced go well with with “Pratt 100% recycled” masking the complete outfit, from the go well with to the shirt and tie.
Billionaire businessman Anthony Pratt on the 2025 Met Gala. {Photograph}: Dimitrios Kambouris/Getty Photos for The Met Museum/Vogue
And right here’s a closeup of the go well with.
Emphasising his dedication to sustainability, Pratt’s Met Gala outfit sports activities the phrases “Pratt 100% recycled”. {Photograph}: Dimitrios Kambouris/Getty Photos for The Met Museum/Vogue
Pratt, a supporter of US president Donald Trump, final week introduced a US$5bn (A$7.8bn) funding pledge to make recycled items within the US, which he mentioned would create 5,000 manufacturing jobs and would assist the “reindustrialisation” of the US. He attended a White Home occasion hosted by the president and his firm’s press launch known as the announcement a “vote of confidence in President Trump’s management”.
For extra on the Met Gala, we’ve got a separate stay weblog operating under.
