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Timeshare also known as Holiday Ownership is the same thing just a change of name in the way it
is being promoted. It is the art of sharing your ownership in your resort
with other people, and having the ability to SWAP or EXCHANGE that time to
another resort anywhere in the world depending on availability.
It is normally sold in 1 week
blocks, however in years gone by this was also sold in 2 week and also 4
week blocks to one owner. This was a great system and allows you to swap
(exchange) your week or weeks at your resort for weeks at over 3700 resorts
worldwide. The swap or exchange system allows you to exchange your
timeshare to one of like value in other words if you own a 1 bedroom unit
you can exchange to a 1 bedroom unit, if you own a 2 bedroom unit you can
exchange to a 2 or a 1 bedroom unit, the system does not allow for you to
exchange to a larger unit, for example if you own a 1 bedroom unit you cant
exchange up to a 2 bedroom unit.
The
recent development's in Timeshare or Holiday Ownership in Australia
have seen changes to Club systems which are based and operate on POINTS or CREDITS. RCI have developed a system
called the Global Points Network and some of the existing resorts utilise
this system as well as the older system of week for week. In the listings
for sale area it shows which resorts take this system. WorldMark the Club
or Trendwest sell Credits and these like the points system are flexible and
allow for shorter stays however there are charges to consider when doing
this. The Holiday Club, Flexipoint or Accor also sell points based systems.
These are just different ways of selling Timeshare or Holiday Ownership
each with its own set of rules.
We offer all of the above
listed ways for sale depending on vendor arrangements and sales listings.
Have you ever dreamed about
going on that overseas holiday to Europe, USA,
Canada, Fiji, The
Swiss Alps or somewhere else in the World?? What about here in Australia,
most mainland states have a resort somewhere for you to take advantage of.
Worried that it may cost too
much.
Timesharing or Holiday
Ownership is a magnificent way to ease the burden of an expensive trip.
With Timesharing, your holiday accommodation bill could be cut
by more than half ! Want to know more about how to do this? Well
explore our website and find out!
We offer a great variety of
holiday resort locations for sale (it could save you BIG Dollars on what
you have seen before) to suit your needs and wants. Choose from a holiday
within Australia,
or perhaps somewhere overseas.
THE
CONCEPT OF TIMESHARING
Timesharing is the
art of combining the benefits of Holiday Home Ownership and Luxury rented
accommodation for a small initial capital investment.
If holidaying on
beautiful beaches in Fiji, or skiing a couple of weeks in the Austrian Alps
with almost NO accommodation bill to pay, sounds appealing, resort
timesharing could be the thing for you!!
It is generally
accepted that the idea of timesharing originated on the French Riviera
around 1967 when a group of holiday-makers, upset by the ever increasing
cash outflow for average accommodation rentals, and their ability
individually to afford a luxury villa of their own private use, agreed to
combine their resources. They pooled their money together and bought a
luxury villa jointly, each contributor getting use of the villa pro rata
with his contribution.
By doing so, not only
were they able to extricate themselves from the coils of inflationary
spirals and guarantee their preferred time of use, but also own luxury
accommodation previously unavailable to them at a fraction of the cost.
Holiday-makers and
realtors soon realised that though timesharing, benefits could be gained by
sharing the ownership, capital outlay, out-goings and maintenance of a
holiday apartment proportionally to use.
This was a new
sensible and practical method to reduce an expensive and unaffordable
commodity into easily affordable parts. You only pay for the time you can
use.
WHAT IS
A TIMESHARE EXCHANGE COMPANY AND WHY DO I NEED THEM
An exchange company
is the place you need to go, to organise your holidays. The exchange
company will help you to space bank (save) your exchange week or exchange
(swap) your exchange week to a week in another resort if you do not desire
to use your week in your own resort.(small exchange fee applies)
The exchange
companies can help you with: Bonus holidays (weeks) when and where
available, information is also available from them at any time, they can
also help with Airline bookings, Travel, Hire cars, Travel Insurance etc.
There is also a company which specialises in cruising called ICE GALLERY CRUISES. Some of the resorts you can
use to swap and enjoy cruising as well as land based exchanges. The joining
fee for this is $260 for three years and we can organise that for you if
required, when you purchase.
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DIAL AN EXCHANGE
No joining fee
No annual membership fee
Exchange fee (Aust, Fiji, Bali & NZ) $95
All other locations $110
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INTERCHANGE
No joining fee
No annual membership fee
Exchange fee (domestic) $97
Exchange fee (New
Zealand) $120
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RCI (Resort Condominiums
International)
3 Year Membership $198
5 Year Membership $297
Exchange Fee (domestic) $110
Exchange fee (Fiji & NZ) $110
Exchange fee (worldwide) $209
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ICE GALLERY CRUISES
(International
Cruise Exchange)
Membership
$250
Allows exchanges to cruises and Land based resorts
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HOW
THE EXCHANGE SYSTEM WORKS
1. The first thing
you need to do is purchase a timeshare week to call your home resort,
anywhere in Australia.
You get to use the resort you own free each year (annual maintenance levy
to be paid) for 1 week, 7 days and nights.
2. An annual maintenance levy is an ongoing cost when you purchase
a timeshare holiday. The prices vary but as a general rule they
are between $500 and $600 per year. What this maintenance covers
is, ground maintenance, lawns and flower beds being looked after,
service of rooms after each owners stay of 7 days, changes of
sheets towels etc and laundering of same, covers all insurance's
needed to look after the property for a variety of things, like
building insurance's, public liability and so on. It covers the
replacement of general wear and tear on usable items like TV's
and crockery, ironing boards and irons etc. It is a small price
to pay each year to keep the resorts in tip top condition.
3. The next step is
to decide whether to use your week or to save it (space bank it). To use
your week at your home resort, simply contact them to arrange a mutually
convenient time for you to holiday. If you wish to save it for another
time, follow the step in point 3 below and space bank the week.
4. If you wish to
exchange to another resort in Australia or overseas, or if
you wish to save your week, you will need to contact your resort organise
your week to be given to the exchange company(bank) for you to space bank.
Once you do this and give it to the exchange company it is there for you to
use at a later date for a small exchange fee.
5. To use your resort
or to exchange to another resort your annual maintenance fee must be paid
to date. (see 2. above)
6. When booking your
holiday try to use alternate dates and times for travel, as all bookings in
the exchange system are subject to availability. The more flexible you are,
the more chances you have to get what you are looking for.
For example you want to travel to New Zealand,
there are many resorts there and each is as good as the other, so to make a
booking you would simply say North Island
and that gives you a wide area for the exchange companies to work with.
The next criteria is times for travel, again give the exchange companies
several dates to use to give them the flexibility to work with, again
another example is August/ September. This now gives the exchange company a
wider area in which to work and gives you a better chance of getting where
you wish to go.
HOW TO MAKE IT WORK BEST FOR YOU
Keep in mind that a good 'plan time' is about 6 - 10 months prior to your
required travel dates. However, exchanges can be requested up-to 24 months
in advance but can also be confirmed on short notice (depends on
availability). You can improve your chances of finding a suitable exchange
by being flexible of your choice of resorts and also holiday dates as
stated above.
HOW TO
SAVE YOUR WEEKS
If you are unable to use your week and wish to save it and accumulate it
without losing your week, you can, by simply banking it with an exchange
company. They will give you a credit which you have up to three years to
make an exchange request against.
TYPES OF WEEKS AVAILABLE
There are
several different types of weeks that are available in timeshare. Use this
as a guide only.
1. Fixed Week. This is a week in the system which is designated by a week
number. An example of a fixed week is as follows January Week 1, this week
is the first week of January and is in the prime time of school holidays.
These fixed weeks are generally found at Christmas, School holiday time and
Easter.
2. Full Floating Week. This is a week of time that floats for the entire
year or in other words is available 52 weeks of the year and of course is
subject to availability.
3. Floating Week. This is a week which is available for approximately 42
weeks of the year, typically the weeks that are excluded are school
holidays, Christmas and Easter, this does not however mean you cant
exchange into this time because again it is always subject to availability.
TYPES OF TIMESHARE SCHEMES
The increase
in demand for timeshare holidays over time has resulted in many ways that a
scheme can be held, the major ways are listed below.
Title Based
Share Based
Unit Trust
Right to use
EXAMPLE
OF SAVINGS
Lets look at a typical holiday in Fiji for a group of 4 adults,
accommodation only,the normal way through a travel agent.THis example is
based on accommodation only as this is what timeshare provides for you.
Accommodation in Fiji
costs around
$110 per adult per night
x 7 (seven nights)
= $770
x 4 (people)
= $3080
Lets now look at the same week through Timeshare travel (as an
owner) the same 4 adults can have their accommodation for a total price of $199
(exchange fee).
This represents a saving of $2881 approximately.
What makes more sense to you ?
Travel through a travel agent
or
TIMESHARE
(Owning your own holidays)
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