Yahoo Finance Side hustles: Genius ways Aussies are making up to $30k a year
Aussies are taking on second jobs to keep up with the rising cost of living.
Aussies are leveraging their skills, and belongings, to earn some serious cash as the rising cost of living bites.
Research from the Australian Bureau of Statistics (ABS) found 6.5 per cent of working Australians now held a second job. And it's not hard to figure out why, with homeowners slugged with more debt, spiralling rental prices and the growing cost of groceries.
But some Aussies are making thousands of dollars every month with some clever side hustles.
Also read: $3k per month: Aussies using side hustles to fight the rising cost of living
Also read: The two teachers making $1,000 extra a month
Also read: 5 side hustles to boost your bank balance
Handyman Matthew Harsas from Sydney works full-time in pest control and joined Airtasker as a side hustle, earning around $2,500-$3,000 a month. His main Tasks include carrying out handyman work, assembling furniture and pest control.
“I’ve got a mortgage and family, and Airtasker allows me to make extra income, which helps cover mortgage repayments with the rising interest rates, bills and general day-to-day living,” Haras said.
“It also gives me the flexibility to work when and where I want, and I get a lot of repeat clients and referrals.”
Andrew Woods from Sydney’s Northern Beaches took a different approach to keep up with rising rent prices - he rents out this garage on Spacer for $350 a month.
“Things are really tough at the moment and every dollar counts. My friend told me about Spacer and, as I have a double garage with just one car, I figured I’d list it and it was booked within a week, it’s the easiest side hustle ever,” Woods said.
Another fan of the gig economy, Zack Georgoulas also from Sydney, rents out one side of his double garage on Parkhound for $300 a month.
“I don’t have a car at the moment and my rent has gone up $350 since I first moved in, so I’m trying to cut back on expenses and save where I can. I’ve used Parkhound to park in the city before and also rented the spot in my last place on it,” Georgoulas said.
“I listed it last month and got a booking within a few hours. I’ve now got someone in there who has booked for the year and he often works in the city, so it’s convenient and affordable for him to drive to the garage and then take the bus in.”
Aussie student Regina So is using her wardrobe to earn some extra cash to help cover spiralling costs and university fees.
So uses peer-to-peer luxury dress-rental platform The Volte and makes up to $7,000 a month renting out her designer dresses, and has made more than $30,000 in the past year.
“Everything is getting so expensive. The last two months have really exploded with people hiring dresses for Christmas, New Year, weddings, events and holidays,” So said.
“The money goes towards my university fees, transport, food, bills and covering the rising cost of living, and I invest back into the business. I love fashion and sales, so [I] combined the two and it’s really working out.”
The 10 top-earning side hustles in Australia
Across Australia, the top-earning Tasks on Airtasker - as of January 2023 (costs are the average price per task):
Removalist – $163
Residential Cleaning – $180
Gardening / Lawn Mowing – $185
Handyperson – $309
Furniture Assembly – $171
Waste Collection – $151
Painting – $669
Plumber – $272
Electrical Wiring – $236
Pick-up and Delivery - $135
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