Cockatoo is an Australia-first marketplace that helps consumers compare and message local providers, brokers, and specialists across multiple service categories.

Is Cockatoo free for consumers?

Customers can use Cockatoo to request quotes and compare providers without initial cost.

Can I search by suburb or service?

Yes. Use the service and suburb pages or the find page to narrow providers by location and job type.

Social Networking & Finance: How Aussies Use Online Connections in 2025

Social networking has evolved far beyond sharing photos and catching up with mates. In 2025, it’s rapidly becoming a powerful tool for Australians to make smarter financial choices, discover investment opportunities, and even challenge traditional banking systems. Whether you’re scrolling through TikTok for budgeting hacks or joining a Facebook group to compare mortgage rates, your online connections are playing a bigger role than ever in your financial wellbeing.

How Social Networking is Changing Financial Advice

For decades, financial advice came from professionals in suits. Today, it’s just as likely to come from a viral Instagram reel or a Reddit thread. Social networking platforms have democratized financial information, giving everyone a voice—and sometimes, a megaphone. In 2025, the Australian Securities and Investments Commission (ASIC) continues to crack down on unlicensed ‘finfluencers’, but the appetite for peer-driven advice is only growing.

Budgeting tips are now widely shared on TikTok and Instagram, with hashtags like #AussieFrugal and #MoneyMatters trending.
Investment clubs have moved online, with Discord servers and Facebook groups letting users discuss ASX stocks, crypto, and ETFs in real time.
Real-time feedback from peers gives Aussies the confidence to try new financial products or strategies.

While this access is empowering, it comes with risks. ASIC’s 2025 guidelines emphasise the importance of distinguishing between genuine advice and opinion, urging users to check credentials before acting on financial tips.

Social Media Platforms as Financial Marketplaces

The line between social networking and commerce is blurrier than ever. Platforms like Facebook Marketplace and community-driven apps are now common places to swap, sell, and even borrow. Australians are using these networks to:

Sell unwanted goods to bolster savings or pay down debt
Join ‘Buy Nothing’ groups to access free items and reduce spending
Find local service providers—from accountants to financial coaches—via community recommendations

In 2025, several banks and fintechs have integrated social features into their apps, letting users split bills, track group expenses, or crowdsource charitable donations directly through messaging. The move towards ‘social banking’ is also accelerating with the rise of Open Banking reforms, which make sharing and comparing financial products easier than ever.

The Rise of Crowdsourced Investing and Social Trading

One of the most significant impacts of social networking is the boom in crowdsourced investing and social trading platforms. Australians are flocking to apps that let them:

Copy top traders in real time, mirroring their portfolios and strategies
Discuss market trends in dedicated forums and chatrooms
Participate in group investments, such as property syndicates or crowdfunded start-ups

According to 2025 data from the Australian Investment Exchange, more than 40% of new investors under 35 say they were influenced by social media discussions. This has contributed to the popularity of thematic ETFs, micro-investing, and even alternative assets like fractional property or collectibles.

However, with opportunity comes volatility. ASIC’s latest policy update highlights the need for transparency on social platforms, with new rules around disclosure for anyone promoting financial products online.

Social Networking and Financial Literacy

Perhaps the greatest long-term benefit is a rise in financial literacy. Campaigns from government agencies, banks, and not-for-profits are leveraging social networks to reach Australians where they spend the most time. In 2025, the MoneySmart initiative runs regular Instagram Lives and interactive TikTok challenges to teach everything from superannuation basics to scam awareness.

Online communities also play a key role in supporting Aussies through financial hardship, sharing resources and strategies to navigate everything from rising interest rates to cost-of-living pressures.

What’s Next for Aussies and Social Finance?

As social networking continues to shape the way Australians think about money, expect to see more collaboration between banks, fintechs, and online communities. The financial landscape is becoming more social, transparent, and—when used wisely—empowering for everyday Aussies.

Leveraging Social Networks for Personal Finance Management

In 2025, Australians are increasingly turning to social networks not just for advice, but for active management of their personal finances. This trend is driven by the accessibility and immediacy of information shared across platforms, allowing users to make informed decisions swiftly.

Practical Tips for Using Social Media in Financial Management

Set Financial Goals Publicly: Platforms like Facebook and Instagram allow users to share their financial goals with friends and family, creating a sense of accountability. This can be a powerful motivator to stick to savings plans or debt repayment schedules.
Use Social Finance Tools: Many apps now integrate social features that allow users to track spending, share budgets, and even compete in savings challenges with friends. These tools can make financial management more engaging and less daunting.
Follow Reputable Financial Influencers: While there are risks, following verified financial influencers who provide educational content can offer valuable insights. Always cross-reference advice with trusted sources like the Australian Securities and Investments Commission (ASIC) or the Australian Taxation Office (ATO).

The Role of Social Media in Financial Education

Social media platforms are not just about sharing personal experiences; they have become crucial educational tools. Australians are using these platforms to enhance their financial literacy, often in innovative and interactive ways.

Case Scenario: Financial Literacy Campaigns

Interactive Learning: The MoneySmart initiative by ASIC regularly hosts Instagram Live sessions and TikTok challenges that engage users in learning about financial topics. These sessions cover essential subjects like budgeting, superannuation, and investment basics.
Community Support: Online forums and Facebook groups provide a space for users to ask questions and share experiences. For instance, a group dedicated to first-time homebuyers may offer advice on navigating the complexities of the Australian housing market.

FAQ

How can I ensure the financial advice I receive on social media is reliable?

Always verify the credentials of those providing financial advice. Look for verified accounts and cross-check information with official sources such as ASIC or the ATO. Be wary of advice that seems too good to be true or lacks supporting evidence.

What are the risks of using social media for financial decisions?

The primary risk is acting on unverified or misleading information. Social media can also lead to impulsive financial decisions influenced by trends or peer pressure. It's crucial to conduct thorough research and consult with licensed professionals when necessary.

How can social media improve my financial literacy?

Social media offers access to a wealth of information and resources. By following reputable financial educators and participating in online discussions, you can gain insights into complex financial topics and stay informed about the latest trends and regulations.

Sources

For more insights on how technology is reshaping finance, explore our article on Fintech Innovations in Australia.