This episode of "The Weekly Finance News Wrap" presented by Paige Estritori reviews a number of economic stories. Telstra, Australia's telecom giant, saw a healthy increase in profit and has planned a $750 million share buy-back initiative along with substantial investments in its mobile network. Victoria's property market has experienced a significant fall in rental properties due to high land taxes but this has made housing more affordable for first-time buyers. Wage growth has slowed hinting at a possible rise in unemployment, however, this might be a potential balm for the Reserve Bank amid rising inflation. Lastly, concerns have been raised by the Financial Advice Association of Australia over AFCA's projected increase in claims handling cost. For more detailed information, listeners are directed to the Financial Services Online website.