Spring clean could boost savings accounts

Monday 07 September 2009

Article by Mozo

Australians have thousands of dollars-worth of unused items in their homes, it has been suggested.

By having a spring clean and selling their goods, people could get a big boost to their bank accounts, according to new figures from eBay.

Australians could make as much as $3,000 by auctioning off their unwanted clothing, accessories and electronics – the biggest sellers on the website.

This is according to Sian Gipslis, a spokesperson for the online second-hand store and could be good news for those wanting to add some extra cash to their high interest savings.

She told news.com.au: "It’s amazing what people have around the house that they don’t need or want.

"We’ve become a nation of hoarders.’‘

Ms Gipslis advised people to explain what condition the items are in and to add as many photographs as possible for potential buyers to view.

She also said perusing the site for similar articles could help establish how much the goods are worth.

People can pay online for merchandise on eBay using debit cards and credit cards, as well as using PayPal.

More and more Australians are putting money into their savings accounts, according to figures from the Australian Prudential Regulation Authority, which stated $5.7 billion had been put away in July alone.

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