Social media platforms are driving major purchasing decisions among Australians, with one in five buying big-ticket items including cars (10%), expensive jewellery, art, and houses (3%) through these channels. Money expert Rebecca Pike from Finder warns buyers to conduct thorough due diligence and inspections, particularly when using platforms like Facebook Marketplace, to avoid scams. Pike recommends avoiding purchases after dark, implementing a 24-hour rule before buying, and transferring money that would have been impulsively spent into a dedicated savings account.

7News Just In is a daily podcast that brings you Australia's latest news. 

<p>7News Just In is a daily podcast that brings you Australia's latest news. </p>

7News Just In

Australians buying cars and houses on social media

https://api.omny.fm/orgs/fa326977-3de5-4283-9b8b-af3500c58607/clips/e83589fb-7942-4580-a7ec-b3fe00213cdc/transcript