Earn Extra Income From Your Spare Room — On Your Terms

Flatmates Team

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Rising rates don’t have to mean rising stress.

If your mortgage repayments have jumped in the last 12 months, you’re not alone. For many Australian homeowners, the gap between comfortable and stretched is getting thinner with every RBA decision.

But here’s something you might not have considered: that spare bedroom, granny flat, or unused room could be covering a significant chunk of your repayments.


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Flatmates Isn’t What You Think It Is

When most people hear “flatmates,” they picture uni students and share houses. That was ten years ago.

Today:

  • Our fastest-growing segment is 55+ — empty nesters, retirees, and downsizers looking for companionship and extra income.
  • A large portion of room-seekers are working professionals — people relocating for work, contractors on short-term assignments, or anyone who values flexibility over a 12-month lease.
  • Average listed room prices range from $250–$450/week, depending on location and inclusions.

You’re not opening a boarding house. You’re choosing one person, on your terms.


You’re In Control. Always.

  • List for as short or long as you want. Need someone for 6 weeks while you trial the idea? Done. Want a long-term arrangement? Also fine.
  • You choose who you live with. Review identity verified profiles, chat before committing, set your own house rules.
  • No lock-in. You can pause or remove your listing anytime.

What Homeowners Are Earning

City Median Weekly Room Price
Sydney $380
Melbourne $300
Brisbane $300
Perth $320

That’s $15,000–$20,000 a year — significant enough to cover 2–4 rate rises.


How It Works

  1. Create a free listing — takes about 10 minutes. Add photos, set your price, describe who you’re looking for.
  2. Review enquiries — browse profiles of interested people. Chat within the platform.
  3. Choose your flatmate — agree on terms, move-in date, and duration. Done.

Real Homeowners. Real Results.

Shared accommodation is increasingly viewed as a practical solution to the cost-of-living crisis, and as a result, the demographics are shifting. Older Australians are a growing cohort in share houses with 15% over 55. — National Shared Accommodation Survey, 2025

In addition to being able to save more, an added benefit of shared living is companionship. Many tenants in shared living form positive relationships and even view their share house as a home. — National Shared Accommodation Survey, 2025


Ready To See What Your Room Is Worth?

Find out more →

No commitment.

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Flatmates Team

support@flatmates.com.au

@flatmates

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