The article discusses how young Australians, particularly those in Generation Z, are turning to unconventional methods like "couch flipping" and collecting scrap metal from hard rubbish piles as a way to earn extra money and save for a home deposit. Here's a summary of the key points:
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Couch Flipping:
- Young Aussies like Garbett and Ethan are buying old couches at low prices, refurbishing them, and reselling them for profit.
- Garbett estimates he needs to flip around 15 couches per month to match his previous income.
- The average profit from flipping a single couch is about $400, with some flips earning up to $850.
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Scrap Metal Collection:
- Sinead King collects scrap metal from hard rubbish piles and sells it for cash.
- She has made significant amounts of money in short periods; for example, she earned over $900 in six hours and $457 in less than three hours.
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Location-Based Opportunities:
- Research by The Furniture Trader identifies suburbs where valuable preloved furniture is most likely to be found.
- Top-ranked suburbs include Canterbury (Victoria),
Read the full article at Property News - Latest Real Estate Market News
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