Wed, 26th Feb 2025

In this week's Finance News Wrap, we discussed Telstra's promising first-half profit rise of 7.1%, made possible by a new financial strategy, increased dividends, and a share buy-back initiative. Victoria's property market is shifting with investor retreats leading to an increase in first-time home buyers. Economic indicators shed light on Australia's employment scenario, with softer job growth and possible rise in unemployment despite a solid labour market. Meanwhile, the Financial Advice Association of Australia expressed concern over escalating claims handling costs at the Australian Financial Complaints Authority, putting pressure on the financial advice sector. Tune in next week for more updates.