What you need to know before buying Timeshare?

The pace of modern life makes holidaying at exclusive locations a desirable luxury. More than 180,000 Australians have signed up to time-sharing schemes at popular holiday destinations. However, older owners may find the long-term nature of these arrangements inconvenient as circumstances change following retirement.

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Data from the Australian Timeshare and Holiday Owners Council (ATHOC) shows there are more than 180,000 timeshare owners in Australia. ATHOC’s general manager Laura Younger explains how the system works.

It’s a shared ownership in an asset or titled deed that relates to a property or a collection of properties so you have sort of an ownership right or usage depending on what you buy and what you buy into.  The current timeshare schemes are more points-based so they give a lot more flexibility. So instead of having to have a week at a property, you might have a couple of days here and five days there or you might in fact use your points to buy flights or to hire cars."

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