Melbourne real estate: 24-year-old woman buys home from $80k dress hire side hustle

The 24-year-old’s fashion obsession fielded her an extra $80,000 every year, allowing her to break into Australia’s booming property market.

A Melbourne woman has managed to break into the city’s booming property market in part because of a lucrative side hustle which brought in more than her full-time wage.

Brittany McQuade, 24, was making decent money from her day job in her family’s confectionary business.

She was looking for a second income stream so she tried modeling side gigs and even a clothing line.

But it was when she thought of renting her dresses that things really took off.

For the last several years, she’s made an extra $80,000 on top of her normal salary from allowing people to “rent out”Her wardrobe. She made $12,000. In her best month.

She invested the money she earned in stock and estimates that she has at least 300 fancy gowns.

The best part? She gets to keep all the dresses.

The young woman will soon be a homeowner after she purchased a Altona two-bedroom, two-bathroom townhouse for $660,000.

“I had so many dresses that I’d only wear once,”Ms McQuade shared her story with news.com.au “There’s such a big market, who wants to pay $800 to wear a dress once?”

Ms McQuade discovered the side hustle in 2017. However, it was not a lucrative venture. “slow burn” as the idea didn’t have much traction yet and she also didn’t have many dresses.

She created an account with the Volte (an Australian website). dressShare website. She has been using similar websites since then as well as her personal Instagram.

However, the Volte has become much more popular four years later. More than 70,000 Voltes are listed on the website.

Volte co-founder Bernadette Olivier said: “Renting is also becoming more mainstream, you can rent a beautiful dress and give it back – it’s not just for weddings or black tie events, now we are seeing a lot of women rent an outfit for lunch out with the girls.”

Ms McQuade is also a believer in she “stands out” because she’s “been around for ages”On the platform.

It all began when the then-20-year-old decided to sell her dresses, but realized that she could only get half of the original price.

Instead, she hired them and has made back at most twice her money while keeping the property. dress.

She estimates that she started with 25 dresses, but has since grown her collection to 300.

Her dresses cost from $200 to $400. This gives her a large profit margin.

To hire her Paris Georgia Yellow Marlo Daffy dressFor example, the price for a four-day stay is $155 and $195 respectively.

Ms McQuade claims she “knows what girls want”She is able to spot trends before they happen. She also uses the poll feature on Instagram to gauge her audience’s likes and dislikes.

She is a businesswoman, and she purchases multiples of her most loved dresses so she can offer them in different sizes.

Ms McQuade will move into her home in April 2019, with the off-the–plan property being built.

She’s already put down a 10 per cent deposit to secure her spot in the development and needs another $66,000 by settlement time.

The entrepreneur plans to convert her garage into a studio for all her dresses. Customers can also try on her clothes in the space.

She also wants to hire make-up artists to work in her garage to transform the buying experience into an experience for customers.

“I think this is going to be my main income (in the future),”She spoke.

At the moment, part of her profit goes towards paying a driver to bring dresses to clients in Melbourne so that they don’t have to wait for the mail.

She currently has a room in the house that she can set up for clients to try out the products.

Most of her clients come from Sydney or Melbourne, and only a handful are from Queensland, which spelled disaster during 2021’s winter when both cities were stuck in lockdown.

“There was one stage where everyone was in lockdown, I really struggled, no-one would go out, I obviously wasn’t making any money,”She spoke.

However, customers returned with avengeance when the embattled countries dropped restrictions.

“When everything opened it went crazy,”She explained.

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