How Aussies are sharing their homes to earn extra cash amid the cost-of-living crisis
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Unexpected expenses keep cropping up, and we know trying to maintain your budget on a pension isn't always easy. This forces many older Australians to find creative ways of meeting expenses.
But what if there was a way to get paid for something you already have – an extra room in your house?
Welcome to the world of homestay hosting.
While this isn't a new concept, in these current times, it's needed more than ever.
With international students returning to our shores during the housing crisis, the demand for affordable and comfortable living spaces is skyrocketing.
Tina Brown from the Homestay Network told reporters: ‘I don't want to use the word crisis, but we're heading in that direction. We do need hosts.’
So, how do you get started? There are two popular networks that you can explore to offer your home as a homestay and find out how much money you could potentially make.
Australian Homestay Network (AHN)
As mentioned above, the AHN is the only national standards-based student homestay organisation in Australia. It services all capital cities as well as other key student destinations.
According to its website, the Australian Homestay Network was formed to provide international students with a ‘high standard of homestay accommodation’ after it was identified that there was a lack of quality homestay accommodations in the housing market.
Hosts are also paid regularly while housing a student.
‘Our host payments will assist you in covering the expenses of hosting a student, such as providing meals and utilities such as power and water,’ the website continued.
‘Each visiting student pays a homestay fee to AHN to cover management and supervision of their stay, 24/7 emergency support services, translation services, and airport transportation services,’ it continued.
Although the majority of the fee is passed to hosts to cover day-to-day expenses, the homestay fees do vary per state and are also dependent on accommodation, meal plans, and location.
‘AHN will collect the ongoing fees from your student and make fortnightly payments to you, provided that the student has paid on time for the duration of the placement.’
Homestay Network (HSN)
HSN offers student and academic accommodation in Australian family homes in safe, respectable neighbourhoods within 45 minutes of Sydney's TAFE Colleges, Universities, high schools, and language centres.
According to its website, the HSN uses a ‘variable fee structure’ for host fees.
These vary depending on several factors, such as the city the students are living in, the nature of the student’s stay, the college or university where they are studying, and other inclusions.
‘Staff will discuss the fee structure at the time the student is offered to you and again when the student is confirmed. How ongoing payments to the host will be made, discussed, confirmed, and agreed upon for the duration of the student’s stay,’ it said.
If you're an empty nester with rooms to spare or living in a big home, this opportunity to open your doors to international students and receive financial compensation could be an excellent solution to make use of the extra space in your house.
The Australian government also permits families to host up to two students tax-free, allowing you to earn additional income without affecting your pension.
Brown explains: ‘Three hundred dollars will be the bottom end of the scale, but it can actually go from $300 to $500 per student.’
Not only could this help with your living expenses, but it also offers these students the chance to experience the true Aussie way of life – they might even become like an extended family to you!
So, dear members, why not consider opening your home to a student in need and earn some extra income along the way? It's a win-win situation, and you'll be providing a valuable service at a crucial time.
Given the chance, would you be willing to give homestay hosting a shot? Let us know why or why not in the comments!
But what if there was a way to get paid for something you already have – an extra room in your house?
Welcome to the world of homestay hosting.
While this isn't a new concept, in these current times, it's needed more than ever.
With international students returning to our shores during the housing crisis, the demand for affordable and comfortable living spaces is skyrocketing.
Tina Brown from the Homestay Network told reporters: ‘I don't want to use the word crisis, but we're heading in that direction. We do need hosts.’
So, how do you get started? There are two popular networks that you can explore to offer your home as a homestay and find out how much money you could potentially make.
Australian Homestay Network (AHN)
As mentioned above, the AHN is the only national standards-based student homestay organisation in Australia. It services all capital cities as well as other key student destinations.
According to its website, the Australian Homestay Network was formed to provide international students with a ‘high standard of homestay accommodation’ after it was identified that there was a lack of quality homestay accommodations in the housing market.
Hosts are also paid regularly while housing a student.
‘Our host payments will assist you in covering the expenses of hosting a student, such as providing meals and utilities such as power and water,’ the website continued.
‘Each visiting student pays a homestay fee to AHN to cover management and supervision of their stay, 24/7 emergency support services, translation services, and airport transportation services,’ it continued.
Although the majority of the fee is passed to hosts to cover day-to-day expenses, the homestay fees do vary per state and are also dependent on accommodation, meal plans, and location.
‘AHN will collect the ongoing fees from your student and make fortnightly payments to you, provided that the student has paid on time for the duration of the placement.’
Homestay Network (HSN)
HSN offers student and academic accommodation in Australian family homes in safe, respectable neighbourhoods within 45 minutes of Sydney's TAFE Colleges, Universities, high schools, and language centres.
According to its website, the HSN uses a ‘variable fee structure’ for host fees.
These vary depending on several factors, such as the city the students are living in, the nature of the student’s stay, the college or university where they are studying, and other inclusions.
‘Staff will discuss the fee structure at the time the student is offered to you and again when the student is confirmed. How ongoing payments to the host will be made, discussed, confirmed, and agreed upon for the duration of the student’s stay,’ it said.
If you're an empty nester with rooms to spare or living in a big home, this opportunity to open your doors to international students and receive financial compensation could be an excellent solution to make use of the extra space in your house.
The Australian government also permits families to host up to two students tax-free, allowing you to earn additional income without affecting your pension.
Brown explains: ‘Three hundred dollars will be the bottom end of the scale, but it can actually go from $300 to $500 per student.’
Not only could this help with your living expenses, but it also offers these students the chance to experience the true Aussie way of life – they might even become like an extended family to you!
Key Takeaways
- Families are being sought to share their homes and get paid for them through homestay programs as Australia faces a housing crisis with borders opening to international students.
- Homestay Network's Tina Brown says there is a need for hosts, and the program could help empty nesters and families with big homes struggling with the cost of living.
- The government allows families to host two students tax-free, with payments ranging from $300 to $500 per student.
Given the chance, would you be willing to give homestay hosting a shot? Let us know why or why not in the comments!