Yahoo Finance Ana is hoping to make $11k by renting out her parents’ room
Aussies are renting their spare rooms on Airbnb to fight the cost-of-living crisis.
Ana lives in her family home but, with her parents and siblings travelling a lot, she found herself with an empty house and came up with a great idea to generate some extra cash.
“With the cost of living at the moment going up every single week, I wanted to be able to keep doing all the things that I love,” Ana told Yahoo Finance.
That’s when Ana decided to rent out her family’s bedrooms when they weren’t using them.
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“By renting the spare rooms on Airbnb, it means that I've still got the flexibility to live my life and have the room there and available when my family needs it,” she said.
Ana, a full-time university student, said the income she could generate would help her continue to live the life she wanted while also allowing her to focus on her studies.
“I'm in the last year of my undergrad psych degree. I’m so close to the end. By generating some extra income on Airbnb, it means that I can continue to study full-time and can focus on my studies, which are really important to me,” Ana said.
Simple tips to get her family home ready to rent
While living in Bondi may be reason enough for someone to want to book out the rooms, Ana said it was important to her to prepare the home properly.
“And being able to do that without breaking the bank as well. Styling and that kind of thing has daunted me a little bit in the past,” she said.
“One of the big, super-helpful things has been the Airbnb savvy host starter kit, which has given me a lot of really good ideas on how I can redecorate the place ahead of anyone coming to make sure that it looks really nice.”
Aussies making bank on spare rooms
A lot of Aussie families doing it tough are turning to Airbnb for a bit of extra cash. On average, private room hosts on Airbnb in Australia earned more than $11,000 in 2022 - equivalent to more than eight weeks’ pay for the average Aussie household.
With travellers looking for more affordable accommodation options, last year, nights stayed in private room listings in Australia grew by almost 50 per cent.
The average rate of a private room in Australia was $104 per night so, many travellers have flocked to the more affordable option.
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