More Australians are now considering Renting out rooms to pay their Mortgage, a PRDNationwide survey shows.

11 per cent said they would consider renting out space if they had a Spare Room, the survey found, while a further 14 per cent said that they were already letting out a room. The overall report reveals that almost one in three homeowners would sub-let to help make ends meet, compared to one in five two years ago, when the global recession first hit.

Director Aaron Maskrey commented on the findings: "Renting out a spare room to generate extra cash could reduce the likelihood of suffering mortgage stress. Getting onto the property ladder is increasingly difficult for thousands of first time buyers in Australia, and increasingly, homeowners are making unused space earn its keep."

Source: Property Wire