Firstly, this is NOT to be confused with 'Time-Share'. It's not even a new ownership method. It has been around since partnerships began buying real estate. There is a difference to the normal ‘Mum and Dad’ buying scenario though, and that is the participating parties buy ‘percentages’ of the whole. ‘Mum and Dad’ buy normally as ‘joint tenants’, whereas a fractional ownership is generally a ‘tenants in common’ principle, although it doesn’t absolutely have to be. It just depends on the participating parties’ exit strategies.
We can accommodate private investors, companies or trust structures, like any other normal real estate purchase entity.
An example of it at work would be if John Smith, Fred Jones and Billy Brown were partners in a law practice. Rather than each investing in a house for $750,000, they could join forces for a combined purchase of one beach house for $1,000,000 with an outcome of a bigger home or in a better location on the Island. Their percentages could be either equally or otherwise fractionally divided and this decision could be based on the projected usages they would be making of the home for their respective families, friends or colleagues. Each set of school holidays could allow a different party to enjoy use of their beach home and also allow a period available for our holiday letting department to offer it to the holiday rental market. The return generated from holiday letting may well be sufficient to cover outgoings relating to your joint investment, thereby helping the partners offset some costs.
It really is a win-win scenario. We would be very happy to explain this in greater detail to you when you contact us.
So get your mates, business partners, family and relatives, or whoever else you would feel comfortable in joining in with, and share in the joy of owning a property on the last Whitsunday Island ever likely to be offered for residential ownership. Oh and just one other thing, now is a great time to do this!
THE last island to be developed in the Whitsundays and perhaps the last in Australia, Keswick Island, is truly a place of beauty, with pristine beaches, crystal clear water and untouched bushland. .. read more
KESWICK Island is a tropical paradise of two reputations. It is known for its natural beauty and stunning surrounds, almost as well as it's known as an island that never lived up to expectations. .. read more
The Whitsunday Islands are said to account for about one-third of all tourists to the Great Barrier Reef. In the year to March, about 700,000 people visited the island group, yet perhaps fewer than 300 of them made it to Keswick Island .. read more
Jetstar and QantasLink will boost flights on their Brisbane to Mackay runs. Jetstar will expand its Brisbane-Mackay return service to four times daily, to deliver more than 2400 additional weekly Jetstar seats .. read more
A WORLD away from the traffic of Shakespeare Street or the noise of a Paget workshop, paradise lies just 40km from Mackay, in the form of some beautiful almost untouched islands .. read more
Keswick Island is just 30Km of Makay in Queensland .. read more
It's hard to believe that Keswick Island has managed to slip under the Getaway radar for so long, but Natalie Gruzlewski heard about it and just had to have a look.
Last week, my colleague Kathleen Noonan wrote a piece asking what makes you feel rich, and I'm sure it set many people thinking.
Property developer Scott Munro believe th isolation of his southern Whitsundays hideaway will be the bigest drawcard for a planned $350 million Great Barrier Reef residential and tourism development. .. read more
ESCAPING the hustle and
If having the Whitsundays on your doorstep wasn't enough, you could soon be just a short distance from the Great Barrier Reef. .. read more