Pet lovers create business boom

Australians spend thousands of dollars each year on presents, clothing and jewellery for their pets, a new Sensis Consumer Report says.

According to the report, Australians spend an average of $1083 a year taking care of their pets, with 20% spending more than $1000, and 1% spending over $5000.

With half of all Australian households owning a pet, that means businesses such as specialist pet-goods stores, grooming services, exercise programs and in-home pet minding are booming.

Sensis says families with children are much more likely to keep their pet inside, while only 25% of pet owners keep their animals outside all the time.

The report also finds Australians are increasingly treating their pets like a member of the family, with 40% of owners buying their pets presents at Christmas or for birthdays.

Read more on the business of pets