How to Rent Out Your Parking Space and Earn Extra Income with Parkhound

If you’ have an empty driveway, garage, or parking space sitting unused, you could be earning extra income from it. With Parkhound, listing your space is simple, secure, and flexible, giving local drivers a place to park while you earn money each month.

Renting out your unused driveway, garage, or commercial lot through Parkhound can generate steady income while helping drivers find affordable parking.

This guide walks you through everything a first-time host needs to know. It covers who can list a space, how the process works, and what to expect once your first booking comes through.

Why Rent Out Your Parking Space?  

Extra Income:  Parkhound hosts earn an average of between $200 and $450 per month, depending on the type of space (e.g. undercover, outdoor, etc.). Features such as secure access, CCTV, undercover parking, or an EV charger can push earnings higher by making a spot more attractive to drivers. Premium locations with strong demand ( e.g., in CBDs or near stadiums) can earn significantly more. (based on Parkhound internal data, 2025).

Utilise unused assets: Turn unused or underutilised driveways, carports, or strata spaces into a steady income stream.

Support local drivers: Help ease traffic congestion and provide affordable parking options in high-demand areas.

Why list your space today 

With cost-of-living pressures rising across Australian cities, turning unused space into income has never been more relevant. Michael Rosenbaum, CEO of Spacer Technologies (parent company of Parkhound), notes that parking is one of Australia’s most underutilised assets and also one of the easiest ways to generate extra income.

“We’ve seen everyday Australians turn unused driveways into a reliable monthly income. In premium areas, hosts can earn hundreds more by offering secure or event-driven spaces.”

You can create your listing in minutes. Start here: parkhound.com.au/how-it-works-for-hosts

Why Choose Parkhound?

Parkhound is Australia’s largest peer-to-peer parking marketplace, connecting thousands of hosts with drivers every month. Hosts keep full control over pricing, availability, and access rules. Meanwhile, payments are processed securely and released when bookings begin. 

Parkhound’s platform also provides a transparent refund process and offers local support via phone and email,  removing the need to chase payments or screen renters yourself.

Who Can Become a Host?

Pretty much anyone with a spare parking spot can become a Parkhound host. Here’s who usually lists their space:

• Homeowners and renters with an unused driveway, garage, or carport.
• Property managers or strata committees who want to make use of empty resident or visitor bays should also ensure their residential strata insurance covers this type of use.
• Businesses and hotels with excess parking spaces.
• Fleet owners who have extra parking spaces sitting empty.

Basic rules:

• You need to own the space or have permission from the owner/strata to rent it out.
• The spot should be safe, accessible, and easy for drivers to use.
• A few clear photos help renters know exactly what they’re booking.

How to List Your Space on Parkhound

Listing your parking space on Parkhound takes less than 10 minutes. Here are the steps:

1. Create a free account on Parkhound.
2. Upload at least three photos of your space to show the size and access clearly.
3. Add dimensions and details such as security features, access rules, and restrictions. 
4. Set your price and availability based on when the space can be used.
5. Submit your listing. Parkhound’s team will review it, and once approved, it will be published and made available to drivers.

Quick tip: Accurate details and clear photos are the fastest way to attract bookings! 

Pricing Your Parking Space

How much you can earn depends on the type of space you list, along with location and features. Parkhound hosts commonly list these types of spaces:

Types of spaces and typical earnings

How much you can earn depends on the type of space, location, and features. 

In outer suburbs like Blacktown (Sydney) or Dandenong (Melbourne), driveways typically earn around $200/month. Meanwhile, secure garages in premium areas such as Sydney CBD or Melbourne Southbank can reach $1,000/month.

Figures based on Parkhound internal data, 2025. See How It Works for Hosts for details.

What makes a space worth more?

• Location: Spaces in major business districts, near airports, close to stadiums, or within walking distance of public transport hubs attract premium rates.
• Accessibility: 24/7 entry, clear signage, and easy access make a listing more appealing.
• Amenities: Security features like CCTV, gates, lighting, or EV chargers allow hosts to charge higher prices.

Tips for Pricing Your Space

• Check the competition
  Commercial parking operators in CBDs often charge $600–$700 per month for secure parking spaces. Many Parkhound hosts list similar garages at $450–$500, giving drivers better value while still earning a solid income. (Host listing rates based on Parkhound internal data, 2025.)
• Think seasonally
  Demand isn’t always steady. If you’re near a stadium, arena, or event precinct, bookings and rates can surge during finals, concerts, or festivals. Adjusting your price during these periods can maximise your earnings.
• Don’t forget to highlight features/amenities
  Listings with CCTV, gated access, lighting, or EV charging usually attract higher rates than basic outdoor spaces.
• Stay updated
  Review your prices every few months. Hosts who adjust their rates to reflect local demand tend to secure more consistent bookings.

Quick tip: Browse current Parkhound listings in your area. Seeing what other hosts are charging is the fastest way to set a competitive price for your space. 

What happens when my space gets booked?

Once your listing is live, here’s how the process works from booking to payout:

Bookings and Auto Accept

• All listings use Auto Accept by default. This means booking requests are confirmed automatically, and you’ll be notified as soon as a driver books your space.
• If you’ve opted out of Auto Accept, you’ll need to approve each booking manually. Please keep your lines of communication open, as a Parkhound representative may reach out for quick verification before a booking is confirmed. To switch back to Auto Accept, contact our team at [email protected]

Getting paid

• First payment: On the second day of the booking, your first payout is transferred to your nominated account. It usually takes 5–7 business days to reach your account, depending on your bank. We wait until the second day in case the space isn’t suitable for the renter’s car and they need to cancel.

• Ongoing payments: After the first payment, you’ll be paid on the same date each month (based on the second day of the booking).
• Bond: If your space requires an access device (e.g. remote, swipe card), Parkhound securely holds the bond for the duration of the booking. Once you confirm the device is returned, the bond is refunded to the renter.
• Cancellations: After the first day, cancellations require one month’s notice (or payment in lieu). This gives you time to find another renter, and the driver time to find another space.
• Final payment: If a booking ends mid-month, the final payment is calculated pro-rata.

Driver vetting and bonds

• Parkhound verifies the driver’s payment method before confirming a booking.
• For spaces that require access devices (keys, remotes, swipe cards), you can set a bond. Parkhound securely holds the bond until the device is returned.
• If a renter fails to return an access device, the bond may be retained after 120 days.

How Parkhound supports hosts

Hosts can contact Parkhound via phone (1300 55 63 55) or email for assistance with disputes, refunds, or listing management.

Quick tip: Make your rules clear upfront (e.g. collect your access device with the concierge). Setting expectations in your listing avoids confusion and speeds up bookings!

Note: This is a simplified overview for new hosts. For full details on hosting rules, payments, and cancellations, please see the official Parkhound’s Terms of Use.

Success Stories: How Hosts Earn with Parkhound

Parkhound has been featured in major Australian outlets for the way it helps everyday people turn unused spaces into extra income. From renters offsetting higher living costs to drivers finding affordable alternatives to CBD car parks, the stories show how simple and rewarding hosting can be.

 Featured on A Current Affair

A Current Affair article in 2023 highlighted how Parkhound offers both affordability for renters and passive income for hosts. 

In Brisbane, driver Gunther found a $60/week space through the platform instead of paying up to $700/month in a CBD car park. For the host, that’s a reliable weekly income for a space that would have sat empty.

In Sydney’s Coogee, wine bar manager Sandro rents a Parkhound spot for less than $6 a day — far below Sydney’s typical rates. For the host, it’s another example of turning an unused space into consistent income.

As Mr Rosenbaum told A Current Affair: “If you have a spare spot, you can earn hundreds of dollars a month.”

FAQs for Hosts

Here are answers to common questions about renting out your parking space with Parkhound.

• How much can I earn by renting my space?

Most Parkhound hosts earn an average of between $200 and $450 per month, depending on location, type of space, and amenities. Premium spots in CBDs or near stadiums can earn $600+ (based on Parkhound internal data, 2025). Actual earnings vary, so it’s best to browse similar listings in your area to get a realistic gauge of local demand and pricing.

• What types of spaces can I list?

You can list driveways, garages, carports, secure indoor lots, strata spaces, and even commercial bays. The key requirement: you must either own the space or have the owner/strata’s permission to rent it out.

• Do I need council or body corporate approval?

In most cases, no council approval is needed for renting a private driveway, garage, or carport. If you live in a strata or body corporate property, check with your committee first as some buildings have restrictions. (Disclaimer: Always confirm with your local council or body corporate to be sure.)

• What happens if a renter damages my property?

Parkhound does not provide insurance for parking spaces. Under Australian common law, the renter is generally liable for any damage they cause. If the issue involves your vehicle, your own auto insurance policy would apply. If the issue involves property such as a driveway, garage, or access gate, hosts should check with their property or landlord insurance provider to confirm coverage.

Note: Parkhound does not provide insurance for hosts or renters. We recommend reviewing your insurance policy to ensure you’re covered before listing a space.

• How do I manage my listing?

You manage your listing through your Parkhound dashboard. Here you can:

– Update availability or pricing.

– Add or edit photos (include clear angles, street entry view, and space markings).

– Enter accurate measurements (length, width, and clearance height).

– Specify parking access (street level, basement, or multi-level entry).

– Set rules for access and usage.

– Track bookings and payouts.

Ready to make money from your space?

Hosting on Parkhound is a low-effort way to earn passive income while helping local drivers find affordable parking. With secure payments, local support, and thousands of Aussies searching every month, your unused driveway, garage, or carport could be in demand right now.

 List your parking space today and join thousands of Australians already earning extra income with Parkhound.