dransfield shared ownership

Dransfield have created Dransfield Shared Ownership to facilitate the ownership of luxury second homes for a fraction of the cost of traditional whole ownership.

What is Shared Ownership

Shared Ownership is an alternative way to own a holiday home which recognises that it is a second home that is not used all of the time. Typically, six to eight owners buy a share in the home, entitling each owner to 6-8 weeks usage per year.

Shared Ownership enables a holiday home to be convenient and accessible, significantly increasing the market of buyers and quality of holiday home they can enjoy.  The key to Shared Ownership is to reduce the entry and ongoing cost and make the experience more enjoyable by only paying for the amount of the home an owner wants to use.  This typically reduces ownership costs by more than 80%. 

The key elements of Dransfield’s Shared Ownership concept include:

• Owners are on title as tenants in common.
• Owners occupy their house for whatever proportion of time they wish, typically between 4-8 weeks a year, by purchasing an appropriate share (1/6th share is 8 weeks use).
• The property is fully managed on the Owner’s behalf, including cleaning and maintenance.
• Usage has been pre-allocated, is certain and is attached to the purchase contract.
• Usage allocations can be swapped with other Owners.
• Capital can be returned through expiry of the initial period (6-10 years) or sale of a share.
• Independent Owners’ representation by Dransfield.
• Quality homes and a quality Site Operator.

This creates a holiday property for use and long term investment rather than a finance driven product.  

The homes will be located in a resort environment with related amenities and services.

Dransfield's Role

Dransfield has devoted considerable resources to developing an Australian Shared Ownership concept including all necessary support systems.  These will be progressively rolled out as the number of Owners increases.  Dransfield will develop and operate the entire Shared Ownership Scheme, typically in conjunction with a developer and project sales team. 

Dransfield’s role includes:

Scheme Establishment and Marketing

• Site assessment.
• Developing a market friendly and executable Scheme concept and related web presence.
• Project marketing strategy and related Shared Ownership collateral.
• Sales force training and guidance.
• Supervision of authorised representatives.
• Scheme Sales.
• All documentation including:
• Product Disclosure Statements
• Owner Agreements
• Leases
• Sale Agreements
• Caretaking and maintenance

Scheme Management (Responsible Entity)

• Owner booking management, calendar maintenance and swapping.
• Owner liaison.
• Owner representative and collective management.
• Financial management, collecting levies, insurance, paying bills.
• House operation (arrange caretaking and cleaning with Resort Operator).

Dransfield can also assist with other project sales and development functions as required.

Visit our website www.dransfieldsharedownership.com.au for more information and downloads.