Our disused space wasters could become part of a $40 billion boost to the national economy.
Our disused space wasters could become part of a $40 billion boost to the national economy.

The $40 billion economy anyone can cash in on

OUR household junk gathering dust and taking up space may be worth more than $26 billion a year with a new study finding 89% of us have up to 25 items for which we have no use.

The report commissioned by the online marketplace Gumtree has found the second-hand economy in Australia to be worth $40 billion.

The Second Hand Economy Report comes as the Sunshine Coast gears up for the sixth annual Garage Sale Trail on October 22, an event which last year saw sales here exceed $61,000 putting an average $318 into each of the pockets of the 192 participating Coast households.

The Gumtree report found the $10bn growth the sector has experienced in the past 12 month to be largely due to a $1000 increase in the value of the 25 unnecessary items hoarded in 89% of households surveyed.

Buyers, and 90% of Australians are in that number, recognise the 50% saving which can be achieved.

Queenslanders rate the value of their unused items lower than other states worth a combined $3532 compared to Victoria and Tasmania at $8176, NSW ($4790), South Australia ($4096) and WA ($3176).

The sales of all of a Queensland household's unwanted items could cover basic utility bills for at least 20 months.

Clothing/shoes/accessories, books, music, DVDs or CDs as well as games and toys are the most unused items in Queensland homes with an average 10 second hand sales netting $1645 in the past 12 months.

That return is lower than Victoria/Tasmanians ($5361), WA ($3038), NSW ($2603) and SA $2484). 

Meanwhile the first 2500 sellers nationally in participating council areas to register by September 25 for the Garage Sale Trail will receive a free promotional pack to maximise their garage sale's success. 

Garage Sale Trail co-founder Darryl Nichols says the event's popularity was due in part to the deadline it sets to declutter.

To register go to www.garagesaletrail.com.au



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