Is Shared Ownership Timeshare?
Shared Ownership is different to Timeshare
Shared Ownership and timeshare present different opportunities for different people in Australia.
Timeshare is designed to accommodate the pre-purchase of a holiday
in a range of resorts or serviced apartments. Most families purchase
about a week of time.
Shared Ownership is designed for families to invest in a second home
for longer, more frequent use periods. It is a much more significant
direct property investment.
Other differences include:
- Timeshare owners usually do not have any direct interest on title.
- There is limited possibility of capital appreciation in Timeshare.
- There is typically a lower quality of accommodation in a Timeshare scheme with underlying property value below $500,000.
- Timeshare has less transparency in costs and the value proposition.
Timeshare in Australia has been well received since regulation improved
and major international organisations became involved
The two major Australian timeshare operators have over 70,000 members. There are over 140,000 timeshare owners throughout the country.
These two diffferent opportunities are represented by different Industry Associations in Australia.
- Shared Ownership is represented in Australia by the Australian Shared Ownership and Fractional Association (ASOFA).
- Timeshare in Australia is represented by ATHOC.
