House sitters saving up to $25k a year

on Wednesday, 01 March 2017. Posted in Blog

 silhouette2

SAVINGS are hard to come by in a low interest rate environment, but a growing number of Australians are using initiative and putting aside a fortune, just by sitting around.


Online companies have sprung up in recent years, matching would-be house sitters with holiday makers that want someone to look after their home and pets.

The house sitters live rent free, while homeowners save on pet sitting costs and enjoy peace of mind as a bonus.

Some sites include mindahome.com.au, housesitters.com.au and australianhousesitter.com.au.

Mindahome statistics revealed 33 per cent of sitters age 18 to 34 are house sitting to save money for their own home deposit. Founder Sue Coombs said her site currently had 7000 registered house sitters and 500-800 available homes at any time.

“Around 99 per cent of the jobs include looking after pets,” Ms Coombs said. “Pets today are part of the family and people don’t want to put them in kennels or don’t know their neighbours well enough to ask them to look after them.”

Ms Coombs said that Mindahome acts as an introduction service.

“House sitters register and pay $49 a year and we are the meeting point,” she said. “We encourage people to check references, ring them up and meet them if they can.”

Many young house sitters will go from job to job to reach their savings goals.

“They are savers looking for their own deposit, they have a goal and they line up jobs back to back,” she said. “We’ve had people save $25,000 in a year.”

Average job lengths are two to six weeks, but Ms Coombs said they can be as short as a weekend, or more than a year in length.

Mimi Ho and Kurt Donnelly returned from two years of travel and began house-sitting in January. The couple are currently looking after a house, three dogs and a cat on the Gold Coast and have bookings right through to September.

“We would love to save around $50,000 to one day use as a home deposit,” Ms Ho said. “It has been great saving money so far and our current owner has even let us borrow her car.”

Mr Donnelly is an online currency trader and Ms Ho an IT consultant, meaning they can work from anywhere.

“My parents have done it too so we heard about it through them,” Mr Donnelly said. “Location is important. We want to be either near the water or close to transport.

“Who knows, we might be house sitting for the next decade. If we find a place that we want to settle down into, we will.”

Credit -originally published as Save $25,000 by sitting around - Tim McIntyr, News Corp Australia Network

Leave a comment

You are commenting as guest.