Updates14 December 20154 minute read

Australians embrace the sharing economy

From Uber to Airbnb, Australians are flocking to the sharing economy.

A couple wearing helmets riding bikes in the sun
  • Ride-Sharing services such as Uber
  • Car Sharing services such as CarNextDoor
  • Accommodation Sharing services such as Airbnb
  • Lending services such as Plenti
  • Online Marketplaces for Goods such as eBay
  • Task Outsourcing services such as Airtasker
  • Crowd Funding websites such as Kickstarter
  • 61% of Australians have used a sharing economy service – such as Uber, Airbnb and eBay – in the previous six months and 85% intend to use one in the next year. Newer sharing economy services such as consumer lending indicate the biggest relative potential for growth in usage
  • More than half (52%) of Australians trust a sharing economy service more than its traditional alternative
  • A quarter of Australians say they feel more confident about dipping their toes in the sharing economy compared to the same time last year
  • The PSETI saw online marketplaces like eBay and Gumtree coming out on top as the most commonly used (56%) and trusted (74%) sharing economy service for Australians
  • While almost a quarter (23%) of Australians spend at least $50 a month on sharing economy services, 25-34 year olds pump the most money into the Sharing Economy, averaging a monthly spend of $116
  • Meanwhile, 64% of Australians say they would consider using a sharing economy service to supplement their income. Platforms that specifically assist participants to earn additional funds, including investing in consumer loans, accommodation sharing and car sharing are expected to be meaningful contributors to Australians’ incomes in future

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Written byBen Milsom
Ben co-founded Plenti in 2014 and has diverse experience in financial services and online strategy, well-practised in high-growth digital ventures.