Whether it’s renting out your spare room, looking after a neighbour’s dog, or just selling off the extra veggies from your garden, there’s no shortage of ways to turn your home into a money-maker without having to sell up and move out.
Here are 10 tips to help you join thousands of Aussies already earning extra cash from their home.
1. Open house
Airbnb is the posterchild of the sharing economy and according to Airbnb over 87,000 Australians have already registered to rent out their spare room, or in some cases whole house, to domestic and international travellers. It’s free for homeowners, and you can set availability to suit you. Although rental incomes vary depending on location, availability and duration of stay, Aussie hosts earn on average $4,500 a year according to Airbnb.
2. Parking privileges
Parkhound is an online marketplace that connects drivers with property owners who have a parking space they want to lease. With 10,000 registered parking spaces in Australia they’ve processed over $5m in bookings since launching in 2013. It’s free to join; you just need to sign up, set the price and availability, and they do the rest.
3. Space saver
If you’ve got room to spare but don’t want a house guest, then make money renting out your garage, attic, or spare room as storage. Spacer is an online marketplace that connects people with space to people who need storage. Earn cash from someone else’s desire to declutter and turn your spare room into a source of income.
4. Pet profits
You could earn between $15 and $30 a night pet sitting cats or dogs in your home while their owners are away. Sites such as Petcloud match pet owners with local pet carers and allow you to choose the kind of pet you want to care for. You can even boost your income with extra services such as walking, pick up and drop off or looking after multiple pets.
5. Home movies
If your home is well kept, in a great location, and has lots of good parking, then register with a photographic film and TV location specialists such as Scene It Locations, or Australian Film Locations. Homeowners can earn anywhere from $800 to $2,000 a day from a photo shoot, film or TV series that uses their home as a location backdrop.
6. Data dividends
Wifyer is a tech innovation that lets you access a mobile crowdsourced Wi-Fi network, and earn points by sharing your unused data. The app enables your smartphone to identify Wi-Fi connectivity sharers in your area then connect to share with one click. Redeem points earned by sharing to connect anywhere in the world.
7. Gardeners Gains
Spare Harvest is an online marketplace for gardeners to sell, share or swap produce. If you’re a keen gardener regularly growing more than you eat, you can make money selling your extra produce through this community, and feel good about reducing waste.
8. Campsite coffers
Turn your garden into a campsite and earn anything from $15 a night hosting campers, travellers and backpackers. UK based website Camp in My Garden includes Australian gardens in its global listings. It’s free to register although donations are invited. Guests need to be able to access to a tap and a WC.
9. Tutor at home
Turn your spare room into a music room or classroom and earn money selling your skills and knowledge. Whether it’s a massage studio or a language lab, there’s no shortage of ways to earn income from your extra space. The Australian Tutoring Association is a useful place to register and list your services.
10. Host a student
Hosting an international student in your home is a great way to earn a little extra cash and learn about other cultures. Host families can earn from $265 a week, although that needs to cover meals and snacks as well as the cost of an additional person in your home. Web sites such as Oz Homestay can help you find a suitable student.
Before you sign up
It’s worth checking with your insurer, home loan provider, and local council about any possible legal or contractual restrictions before you sign up to the sharing economy, and like any regular source of income, there are potential tax obligations.
If you want to find out more about how to make money from your home or even how best to spend that money, check these articles out: