Timeshare

Discussion in 'Innovative Property Investment Techniques' started by Spanna, 15th Jul, 2015.

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  1. Spanna

    Spanna Well-Known Member

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    Hi all,
    Just wondering if anybody has had any experience with a timeshare type arrangement or a derivative of timeshare on particular property’s / developments.
    I was pondering the other day on the feasibility of timeshared holiday houses in the south west of WA. Is anyone aware of someone doing this type of thing?
    Regards,
    Spanna
     
    Spanna, 15th Jul, 2015
    #1
  2. thatbum

    thatbum Well-Known Member

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    From the brief looks at it I've had, it just seemed a lot cheaper and more flexible to rent something for when you wanted it instead.
     
    thatbum, 15th Jul, 2015
    #2
    Chilliblue and Perp like this.
  3. Chilliblue

    Chilliblue Well-Known Member

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    Agree with thatbum. Go to where you want to go when you want to go.
     
    Chilliblue, 15th Jul, 2015
    #3
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    I have two timeshares. Bought them in the trading post for bugger all. As far as we see it they are just a prepaid holiday. The location was (nice) QLD apartment on sunshine coast. One week each. Well managed and run. Do we earn income from it ? Little to none and it just pays its own way. We can change destination worldwide. The dragon in law has one also and they have switched to Nice and other destinations too.

    We stay for "free" - Reality is a minor booking fee etc...$50 a week ? As far as I see it its free holidays. Some can allow you to bank unused time. Some limit it. Some conditions stoo.. eg not foe owner use in peak periods etc... Do homework. Far far cheaper on the secondary market if buying recognised TS. Buying from TS company is for mugs. They are a rip off.
     
    Paul@PAS, 15th Jul, 2015
    #4
  5. Spanna

    Spanna Well-Known Member

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    Yeah im more thinking of selling "Timeshares" of property that I own to reduce risk/increase cashflow
     
    Spanna, 15th Jul, 2015
    #5
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  6. Tekoz

    Tekoz Well-Known Member

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    Tekoz, 15th Jul, 2015
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  7. Brian84

    Brian84 Well-Known Member

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    Brian84, 15th Jul, 2015
    #7
  8. Brian84

    Brian84 Well-Known Member

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    I got timeshare through Wyndham and I will never do that again. Holiday isn't to badly priced it's just the time limit you have to use it.
     
    Brian84, 10th Sep, 2015
    #8
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  9. larrylarry

    larrylarry Well-Known Member

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    I have Wyndham and pretty happy with it since 2003. Just booked a place in California in January 2016.

    We also spent one week in Tasmania and used points for flights and car hire.
     
    larrylarry, 11th Sep, 2015
    #9
  10. Brian84

    Brian84 Well-Known Member

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    Ours was like a trial package. Get 35000 points to use any Wyndham in Aus, a place in Fiji and one at New Zealand. We are going to Fiji next September. We wanted to go to Kirra beach in January and they said we are on a waiting list and couldn't tell us if we could stay there until 2 weeks out from the date of when we wanted to stay there.
     
    Brian84, 11th Sep, 2015
    #10
  11. larrylarry

    larrylarry Well-Known Member

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    It's all about planning I guess. I don't mind it cos I am not the one who plans it. hehe
     
    larrylarry, 11th Sep, 2015
    #11
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  12. freyja

    freyja Well-Known Member

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    We have timeshare through ACCOR - love it! Bought it second hand for a fraction of the cost and it gives us a summer holiday every January (Coffs Harbour, Sunshine Coast, Gold Coast, NZ, Bali) and skiing every second winter (NSW and VIC). Have to book way in advance though, otherwise you can't get in...
     
    freyja, 11th Sep, 2015
    #12