Last Sundays Perth Newspaper – The Sunday Times ran an article by Hayley Bolton about how Perth Home and Business owners are making up to $500 a month renting out their spare space.

Shed a nice little earner

Empty driveways, garages and sheds around Perth are being turned into cash cows.

Scores of people are pocketing up to $500 a month by renting out empty space they think could be useful to someone else.

SpaceOut.com.au is a website the matches “SpaceOwners” with “SpaceSeekers”.

Founder Damon Russell said. “When home and business owners realise that their unused space could be earning them a regular rental income with little or no effort, it is a real no-brainer”

Bayswater resident Carol Marshall is hoping to make some extra cash out of her back shed. She is asking #90 a week to rent it.

Mr Russell said the idea cam to him when he needed somewhere to store his belongings while he went overseas.