In this episode of the Weekly Finance News Wrap, we cover the recent fluctuations in the Australian market, with notable downsides seen in the tech sector. ASX200 dipped slightly by 0.27%, with the more significant impact felt by Wisetech Global and Domino's Pizza, dropping by 6.32% and 8.23% respectively. The banking and property sectors exhibited mixed performance amid concerns about potential rate hikes, while unemployment rose despite 50,000 new jobs. ANZ is nearing the completion of its $4.9 billion acquisition of Suncorp's banking division. The housing sector faces crisis due to rising interest rates and construction costs, which have stagnated new home supply, leading to a decade-low in building approvals. Lastly, Australian households are grappling with rising living costs, stagnant wages, and diminished savings, calling for clear-cut policies to reimprove household consumption, which has dropped by 7.6% since mid-2022.