Was talking to a client today and he swears by this semi-time share sort of thing. Has been in it for 10 years or so, he gets 10,000 points a year and says it is heaps. Has anyone here dealt with it? Seems to be some cheap buys on gumtree at the moment ($3kish for 6000 points).
What can I expect for 6000 points? The website is obviously designed to get you to talk to a salesman rather than provide any actual info.
Wow that is mental. Explains why people are trying to sell them cheaply.
Crazy idea, run away. When I lived in Spain, I knew many people in this industry, please don’t get involved.
time share is a scam, never worth it. please save your money.
It is just a money pit. Been offered $200 to attend their presentation.
Their structure just not substantiable if no more new people join. The maintainance fee is just rip off.
Good info all, thanks, nothing was mentioned about these extra fees, thought it sounded like a "too good to be true" thing, but couldn't find the details.
It’s all in their PDS.
Couldn't even find that on the atrocious website.
Bottom right on their website.
@Richfield: Cheers, just had a very quick look, looks like they want about $20k for 6000 credits, so when people are willing that for $3k, shows it's probably a really bad idea.
Edit - current minimum buy in is 12,000 credits at only $39k 🤣
The maintenance fee alone is way too high. I think the more points you have, the more maintenance fee you pay.
If you buy points and use them for a holiday that should be ok - but you have to find out what they get you
But dont invest in a timeshare
My uncle was stupid enough to get suckered in to it.
Do not do it.
Buy second hand not from the developer. I would want a minimum of 13000 credits. If you use it every year it is reasonable value for money but only if you buy second hand. For 13000 credits you can get a 3 bedroom, 2 bathroom at Kirra beach in school holidays for 7 nights. Yearly maintenance levies for 13000 credits is approximately $1100. Hence, I think $158 per night for 3 bed /2 bath during school holidays represents reasonable value.
https://www.choice.com.au/travel/accommodation/timeshare/art…