Timeshare ownership has evolved over the years. You can now select products that are either fixed weeks at a specific location (resort or holiday unit), or a flexible product based on points. Depending on your product type, you can use your points, or “holiday currency,” to book holidays at different resorts and locations throughout Australia and the world. Owning a timeshare allows you to choose when and where you vacation.
Every timeshare agreement is different, and you need to select a product that works best for you and your family. Options include:
- Some properties are divided into one to two-week periods and split between all of the owners. Essentially, buying you the right to holiday one to two weeks each year at a specific resort or holiday unit.
- Some timeshares offer flexible weeks, which allows a buyer to choose their weeks without set dates, but within a certain season. The owner is then able to reserve their week each year during this period (subject to availability).
- Other timeshares offer options for points-based memberships, which can be put towards timeshare accommodation, as well as biennial usage to suit your needs.
Australian timeshare Clubs are regulated as a managed investment scheme by the Australian Securities and Investment Commission (ASIC). ASIC ensures Owners/Members are being looked after by the Responsible Entity and the Developer.
Australia’s timeshare industry body is us. We’re the Australian Timeshare Holiday Ownership Council (ATHOC), and it’s our mission to make sure Australian timeshare Clubs are run ethically and honestly, to the benefit of both Developers and Owners/ Members. You can learn more about what we do here.
It is important to acknowledge that while timeshare is legally classed as an investment product, it is a lifestyle investment in holidays for the future, and is not intended to provide financial gain. You should not expect to make money on your timeshare ownership.