Investigation reveals some elderly people forced to make huge payouts Concerns over homeowner scheme, Biden insists he is ‘not leaving’, Kokkinakis wins Wimbledon epic | The Guardian
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| | 04/07/2024 Concerns over homeowner scheme, Biden insists he is ‘not leaving’, Kokkinakis wins Wimbledon epic |
| | | | Morning everyone. Older Australians have been left “dumbfounded” by the huge payouts they had to make to a home equity release scheme after they sold their homes, a Guardian investigation has found. We also have the latest on the Fatima Payman saga, pictures from the Midwinter Ball, Joe Biden vows to fight on, and Thanasi Kokkinakis wins a Wimbledon classic. |
| | | Australia | | Midwinter Ball | It was Canberra’s night of nights last night with the Midwinter Ball bringing the political class out in all their finery, and even an actual celebrity, Rachel Griffiths (pictured with the home affairs minister, Clare O’Neil). | Exclusive | The Albanese government will strike a new funding deal with Papua New Guinea to support asylum seekers after the country threatened to send them back to Australia unless a fresh agreement was signed. | Payman support | A Labor branch in Anthony Albanese’s own electorate has passed a motion expressing support for the dissident senator Fatima Payman, even as expectations grow she is poised to quit the party. | Exclusive | Sydney is running out of landfill and an “emerging weak link” in the plan for how the city manages solid waste in the future could see uncollected garbage left piling up at hospitals and other businesses, experts warn. | Koala ban | Cuddling koalas has been banned by Queensland’s Lone Pine Koala Sanctuary but other states have even stricter laws on how much the endangered animal can bear. |
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| | | In-depth | | For Leonard Wolfenden, the implications of his Homesafe deal were enormous. In exchange for an advance of about $80,000, the “home equity release” scheme claimed 54% of the sale proceeds of his Melbourne home when he sold 13 years later. After Homesafe took its share, he was left with just $235,000 – not enough to buy the small unit he had planned to downsize to, and meaning he spent his last years of life living with his daughter, away from his community, and on a strict budget. Guardian Australia’s investigation into Homesafe has found that customers as old as 89 have signed up to deals that experts have warned are “opaque” and “obtuse”. The company said: “The Homesafe contract is transparent, and our customers enjoy the certainty of being debt free and protecting their lifetime tenancy in their homes.” |
| | | Not the news | | The third series of the hit Disney+ series The Bear, which follows the fortunes of a Chicago chef Carmy, launched last week to give its fans more details to obsess over. For eagle-eyed viewers here that includes the presence of notable Australian cookbooks such as Peter Gilmore’s Quay: Food Inspired by Nature in Carmy’s apartment and on the shelves of his restaurant, writes Lee Tran Lam. |
| | | What’s happening today | Toowoomba | Bruce Lehrmann committal hearing. | Resources | Judgment and hearing at the federal court in Adelaide on Tiwi traditional owners’ challenge to Santos pipeline. | Economy | ABS releases international trade figures. |
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| | | Brain teaser | And finally, here are the Guardian’s crosswords to keep you entertained throughout the day. Until tomorrow. | |
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