Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 20-02-2011, 19:16   #1
Registered User

Join Date: Nov 2010
Posts: 830
Images: 27
Melbourne AUS - Shared Cat Ownership

Hi there,

I'm looking to form a partnership with a like-minded owner (half share).

At the moment I'm thinking a used Fountaine Pajot around 35-38 ft. A Lagoon 38 could be the go but may be a tad expensive.

Likely mooring to be Westernport or maybe Port Phillip subject to availability, but was thinking that even the Gippsland Lakes could be a possibility for at least some of the year.

As a matter of interest I picked up a brochure at the Docklands boat show for a Seawind syndicate in Melbourne. 10 shares at $8X,000 with $800 a month in running costs! Guaranteed 33 days a year per person, runs for 3 years and the boat is sold for what they can get. I can assure you, this partnership won't cost nearly as much as that!!!! and you can have 200+ days a year!

Give me a hoy if you are interested by PM or post here.

ausaviator is offline   Reply With Quote
Old 22-02-2011, 15:51   #2
Registered User

Join Date: Feb 2010
Location: Liveaboard cruiser. Home port Brisbane, Queensland, Australia
Boat: Lagoon 400
Posts: 820
Re: Melbourne AUS - Shared Cat Ownership

If you haven't already read it, the latest edition (#106) of "Australian Multihull World" has a good article on boat share arrangements, both corporate and private.
The Seawind guys have cleverly marketed their boats in recent years, firstly using "Kevin Charter Heaven" tax incentives courtesy of us taxpayers and lately using the boat syndicate scheme. Good on them, I say.
Sure, the shares seem to make the boat very expensive in total, but you are paying a lot for the organisation of the syndicate, administration and legal arrangements.
Check with the Victorian boating authorities, as in Queensland there has been a recent tightening on syndicate boat registrations. Many boat share operations were deemed to be a "defacto charter operation" and hence needed vessels in survey. A couple of private owners sharing expenses, would not howver require survey in this state. A requirement for vessel survey is another reason for the expense of a boat syndicate scheme.

Good luck with your venture!
tuskie is offline   Reply With Quote
Old 22-02-2011, 20:18   #3
Registered User

Join Date: Nov 2010
Posts: 830
Images: 27
Re: Melbourne AUS - Shared Cat Ownership

There is no doubt that the syndicate organizers are raking in a fair old wad of cash for the Seawind syndicate. Even if you doubled the reasonable running costs you wouldn't come close to what they are asking.
ausaviator is offline   Reply With Quote


Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Want To Buy: Melbourne - Cat - Half Shares ausaviator Classifieds Archive 1 03-02-2011 19:40
Shared Ownership 1rkghost Liveaboard's Forum 2 18-12-2010 09:47
Hello from Melbourne, Aus publicbar Meets & Greets 7 30-11-2009 14:05
How much for shared expenses - Poll seagypsywoman Crew Archives 6 02-12-2008 16:35

Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 10:10.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.