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Innovative ways to make money while living in your home

By Samantha Krimotat

Here at RWDB we understand that it can be a cumbersome task to pay your mortgage each and every month especially when you are living in the Eastern Suburbs of Sydney (some of the most expensive real estate in the world). Here are some rather interesting ways you can make your property work for you:

Film sets and photo shoot locations

All types of homes are sourced by film crews, so your home could be picked even if it isn’t a glamorous mansion. While there may not be regular clients, it can be a lucrative source of money – Eastern Suburbs property owners could achieve $800 to $1500 for a photo shoot of up to 15 people and $200 to $250 an hour for a television commercial. A series of lower-end shoots bring less money, but could provide a more regular income.

Allow creatives to use your home

If you have a space that could easily be used by creatives, such as sound producers, dancers, artists or other performers, then you may be able to charge a fee to rent out some of your home for a short period. Creative Spaces, an initiative from the City of Melbourne Arts and Culture Branch, is also licensed by the City of Sydney and City of Brisbane.

Rent out your spare space for storage

With space at an all-time low in Sydney’s Eastern suburbs, consider renting small spaces, you could earn $150 to $250 a month for allowing others to store their boat, caravan or other vehicle in your driveway. A garage could earn $200 to $350 a month, an attic or bedroom $150 to $250, while a backyard could be rented for $150 to $250 a month for boats, caravan or trailer storage.

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