Australia news live: Malcolm Turnbull says trusting Aukus is ‘stark staring bonkers’; Minns considers banning ebikes for under-12s

From the publisher

Australia has a unique love affair with house auctions. Is it starting to come to an end? It’s almost a national pastime. Every weekend on streets and in cul-de-sacs, there’s an agent enacting a familiar ritual. “I have $900,000, can I get $910,000? Nine ten, now twenty. Twenty, can I say thirty? Give me thirty, thirty …” the (mostly) men in blue suits cry, traditionally amid a throng of people about to make one of the most important decisions in their lives. Experts have long warned that Australia’s penchant for auctions – we are among the few countries that regularly use them – has helped push prices up. But now…

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