“It’s not easy though because, you know, involves the admission, I think. The mistake was made when Labor was last in government, and for myself, if I want to be the leader of this nation, I’ve got to be able to face the truth.” Bill Shorten at 7:30 last night. Now in breaking news, the ABC has announced it will begin closing ABC shops around the country which could affect up to 300 jobs. ABC Commercial says the large network of retail stores is no longer viable, but ABC products will still be available online and in other stores. It says it’s considering the impact of the decision and will consult staff over the coming months.

Sydney medium house price has smashed through the one-million-dollar mark according to a new report. The domain house price report found Sydney house prices rose by 8.4% in the June quarter. It says Sydney’s medium house price is now higher than the average house price in London and is fast approaching New York.

State and territory leaders will consider a new system terror alert during the second day of meetings with the prime minister today. The ice drug and domestic violence will also be discussed. The leaders discussed tax increases to meet growing health care costs yesterday, but a deal is yet to be finalized.