Aussies give the sharing economy the thumbs up
The RateSetter Sharing Economy Trust Index (RSETI) was released yesterday in Australia and showed that more than half (52%) of Australians trust sharing economy services such as Uber, Airbnb, and eBay more than traditional alternatives. Furthermore, 61% of Australians have used a sharing economy service in the past six months and 85% intend to use one in the next year.

The RateSetter Sharing Economy Trust Index (RSETI) released today shows 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.

ebay and gumtree were the most commonly used P2P online marketplaces for Australians. Photo Credit: inbj/iStock

More than half (52%) of Australians trust a sharing economy service more than its traditional alternative.

The RateSetter Sharing Economy Trust Index (RSETI) released today shows 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.

The sharing economy is profoundly and permanently impacting how Australian consumers buy and sell goods, consume services and share surplus resources,” said RateSetter Australia CEO Daniel Foggo.

“RateSetter will be releasing the index on a regular basis to uncover trends in attitudes to, and use of, the sharing economy. Based on our inaugural report we expect the number of Australians involved in both consuming and providing P2P services will continue to grow rapidly,” added Foggo.

The RSETI saw P2P 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 P2P 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, with online marketplaces (56%), online outsourcing (18%) and accommodation sharing (12%) topping the list of preferred money-makers.