House prices in Australia have started falling, as approvals for new apartments tumble. With JobKeeper and loan deferrals set to end in September, the overall effect will be a property industry under price pressure.
Also today:
Plus an interview with retired Vice-Admiral Paul Maddison about the federal government’s $270 billion defence package.

Afternoon Report | ASX dips on new Iran strikes
05:35

CGT backdown; Qantas long-haul plans delayed; Trump in no rush to do deal
16:07

Q+A: The great wealth transfer: what wealthy families get wrong
11:17