Good morning. Here are the top stories making headlines across Australia this Friday.
Politics and Policy
The federal government has announced a new housing affordability package aimed at first-home buyers, including expanded grants and shared equity schemes. Opposition leaders have criticised the plan as insufficient, calling for more direct investment in social housing.
Economy and Business
Australia's inflation rate has eased slightly to 3.2% in the May quarter, according to new data from the Australian Bureau of Statistics. The Reserve Bank is expected to hold interest rates steady at its next meeting, with economists divided on the outlook for the remainder of the year.
International Affairs
Prime Minister Anthony Albanese will travel to Japan next week for the Quad leaders' summit, where discussions will focus on regional security, supply chain resilience, and climate cooperation. The visit comes amid heightened tensions in the Indo-Pacific region.
Sport
In rugby league, the State of Origin series continues tonight with Game II in Melbourne. New South Wales will be looking to level the series after Queensland's dominant performance in the opener. In cricket, Australia has named an unchanged squad for the third Test against India, with the series currently locked at 1-1.
Weather and Environment
A severe weather warning remains in place for parts of New South Wales and Queensland, with heavy rainfall and potential flooding expected over the weekend. Residents in low-lying areas are advised to prepare for possible evacuations.
Community and Culture
NAIDOC Week celebrations have begun across the country, with events highlighting Indigenous history, culture, and achievements. This year's theme, 'For Our Elders', pays tribute to the contributions of Aboriginal and Torres Strait Islander elders.
Stay tuned for updates throughout the day. Have a great Friday.
