A Brisbane-based company Spaceout.com.au, is giving seniors and retirees a new revenue stream – from their own backyards!
Seniors who own their home can now make use of new online services to help them rent out unused space to people seeking storage space. They can earn a steady passive income to help supplement their superannuation or pensions whilst they enjoy their retirement.
Spaceout Managing Director, Damon Russell, says
“We have been inundated with enquiries from Aussie Seniors nationwide looking to rent out their spare space. “Grey Nomads” (seniors that travel in Caravans or Motorhomes) have been particularly active on the site. They are either offering their spare or vacant space for people to store their possessions or are looking for short to medium term storage space to store their vans. It seems to work both ways for our seniors….Those with space can easily earn a couple of hundred dollars a month and those looking for space can often find a cheaper and more convenient storage solution”.
The 2009 Census of Population and Housing showed that approximately 80% of Australians over 65 years own their home outrigh, so, a spare room, a shed, an unused garage, or parking space, wasted space under their house, or even an empty wardrobe can be used to earn seniors an extra regular passive income.
Homeowners simply list their unused space for rent at www.spaceout.com.au and people looking for space within a specific area can search to find which spaces are currently available.
There is a search tool that shows spaces currently available for rent on a map, making it easy to identify spaces in a local area.
Feedback from seniors has been overwhelmingly positive with most saying what a great idea it is.