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Australians Seek Financial Guidance on Social Media Amid Cost of Living Pressures

The Shift Towards Online Financial Advice and Its Implications

Australians Seek Financial Guidance on Social Media Amid Cost of Living Pressures?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

As the cost of living continues to rise across Australia, many individuals are turning to social media platforms for financial advice.
This trend has sparked concerns among financial experts about the reliability and accuracy of the information being disseminated online.

Published:Tuesday, 25th Nov 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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Finance News

Australians Seek Financial Guidance on Social Media Amid Cost of Living Pressures
Australians Seek Financial Guidance on Social Media Amid Cost of Living Pressures
25 Nov 2025: Paige Estritori
As the cost of living continues to rise across Australia, many individuals are turning to social media platforms for financial advice. This trend has sparked concerns among financial experts about the reliability and accuracy of the information being disseminated online. - read more
The Australian Unveils 'Wealth' Section to Guide Smarter Financial Choices
The Australian Unveils 'Wealth' Section to Guide Smarter Financial Choices
25 Nov 2025: Paige Estritori
In a move to support Australians in making informed financial decisions, The Australian newspaper has launched a new digital-first section titled 'Wealth.' This initiative aims to provide comprehensive coverage on personal finance topics, including investment strategies, superannuation, retirement planning, and property investment. - read more
Surge in Home Loan Refinancing as Australians Seek Better Mortgage Deals
Surge in Home Loan Refinancing as Australians Seek Better Mortgage Deals
25 Nov 2025: Paige Estritori
Recent interest rate cuts by the Reserve Bank of Australia have led to a significant increase in home loan refinancing among Australian homeowners. Data indicates that over 1,000 mortgages are being refinanced daily, as borrowers seek to take advantage of lower rates and reduce their loan repayments. - read more
Major Banks Reduce Home Loan Rates After RBA Cuts
Major Banks Reduce Home Loan Rates After RBA Cuts
25 Nov 2025: Paige Estritori
In response to the Reserve Bank of Australia's (RBA) recent cash rate reductions, Australia's major banks-Commonwealth Bank (CBA), Westpac, National Australia Bank (NAB), and ANZ-have announced corresponding cuts to their home loan interest rates. This move aims to provide financial relief to borrowers and stimulate economic activity. - read more
Commonwealth Bank Expresses Concern Over Surging Home Loan Demand
Commonwealth Bank Expresses Concern Over Surging Home Loan Demand
24 Nov 2025: Paige Estritori
The Commonwealth Bank of Australia (CBA), the nation's largest lender, has recently voiced concerns regarding the escalating demand for home loans, suggesting that this surge may be contributing to unsustainable property price increases. CEO Matt Comyn highlighted that while the bank benefits from the current housing credit boom, a more moderate growth rate would better support long-term financial stability and housing affordability. - read more


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