In the latest episode of the Daily Financial Services News Wrap, the podcast discusses Telstra's robust $1.1 billion net profit, higher dividend, and $750 million share buy-back plan, attributing success to disciplined capital management and cost control. Telstra's collaboration with Ericsson for an $800 million venture also underscores its confidence in tech-led growth. In the property market, Victoria has seen a retreat of investors due to higher land tax rates, benefiting first-time home buyers and leading the number of such buyers in Australia. In superannuation, the median growth fund for January saw a 2.2% increase. The labor market sends mixed signals with slowed wage growth, expected rise in unemployment, and a need for productivity enhancements to balance the economy. The podcast ends with a promise to keep tracking developments for listeners interested in finance, superannuation, and money management.
