The lockdown in Melbourne expands as more than 200 new cases are reported in the city over the weekend.  It comes as a new report shows Victoria will suffer worse economic consequences than any other state. 

Also today:

• The United States election later this year heats up
• A key local by-election helps neither the Prime Minister nor the Opposition Leader
• And the housing market continues to show signs of weakness

Plus an interview with UBS economist Carlos Cacho about the housing market, including the outlook for property prices over the next 12 months.