combustion products are CO2 and water... with the engine just idling, it takes a long while for the downstream sections of the exhaust system to heat sufficiently to maintain water in the vapour state...so it condenses at the tip... especially on a cold Canberra day! It happens here in Bris even on our cold days of 17 degC...
Re. the coolant, sounds like a valley gasket leak or it may be a weeping welch plug. Shouldn't be too difficult to take off the covers and torque up the inlet manifold bolts. If that doesn't work, replace the gaskets! You may need a mirror to examine the welch plugs...


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