Money Tight? – Now you can make it out of thin air

July 23rd 2009 - These days, with increased petrol prices and a higher cost of living, most of us are finding it a little harder to stretch our budgets. If you are struggling to keep up with the mortgage payments, or keep the car running, or if the prospect of a holiday is simply out of the question – how much of a difference would an extra couple of thousand dollars a year make ?

It is now possible for average Aussies to make real money out of unused space in their homes or businesses by renting it out as storage. A spare room, a garden shed, an unused garage or office, parking space, wasted space under your house, or even an empty wardrobe can all be easily harnessed to earn you an extra regular passive income – literally making money out of thin air

People from all over Australia – some in your own town or suburb, and maybe even your own street - are already doing it right now, and if you have some unused or empty space then you can probably do it too.

A new free service called SpaceOut (launched earlier this year) is a whole new business concept which provides Australian Home and Business owners with an opportunity to turn their spare (wasted) space into a regular passive income. In these times of financial uncertainty and increased living costs, an extra $200 a month (or more) would certainly be a help to most of us.

To get started all you need to do is create a Space for Rent listing on www.spaceout.com.au and people looking for space in your local area, can search and find your listing. A simple search shows listings on a map, making it easy to identify spaces in or near a specific area.

If you are looking for storage, office or a car parking space, and there is nothing currently available to match your specific needs, you can even create your own Space Wanted listing.

“The idea just popped into my head” says Damon Russell – one of the founders of SpaceOut. “I was visiting a mate before I went Overseas, and noticed his garage was half empty. I asked if I could store my stuff with him while I was away and he said Sure! My next thought was – Hey, wouldn't it be great if everybody could do this... and SpaceOut was born.“

Already the site has been a resounding success, with hundreds of listings for Office, Parking and Storage space Australia wide. Feedback has been overwhelmingly positive, with most people commenting on what a great concept this is - often followed with the words “Why didn't I think of that!”. With membership and listings growing fast, SpaceOut is looking like becoming one of the big internet success stories of the year.