 |
|
|
|
|
|
|
||||||||||||
 |
||||||||||||||||||
 |
||||||||||||||||||
 |
||||||||||||||||||
|
||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
How the resort works Please note that this resort is not suitable for wheelchairs Sun Pacific Villas has, like most timeshare resorts in Australasia, a mainly "floating" system of ownership, with only 4 weeks in the Xmas-January period being "fixed". Fixed Weeks are "Fixed Bookings" and are weeks No 52 & 1 , 2, 3. The unit occupied each year is rotated upstairs and down and through different colour schemes. The first Friday in January is always the start of week 1. Floating Weeks are weeks No 4 through to 8 called Summer Float, and 9 through to 51 called Premium Exchange Float and are subject to booking at the resort office. Forward bookings open for confirmation 32 weeks ahead but 'pencil bookings' will be accepted before that but can be subject to ballot at the 32 week mark if there are more bookings than units. It is important to book your weeks each year, or bank them with DAE or RCI, as they do not carry over to next year except through an exchange. Unit allocation is random with floating time, but you may request certain units at booking and the managers will endeavour to oblige if the units are not already committed. Sun Pacific Villas timeshare is a title based type of ownership, established under the Unit Titles Act. There is a title for each apartment with 51 leases (for 999 years) on each title, thus giving a title for each week in each unit with a maintenance week left out for each unit. There are thus 1530 timeshare weeks at Sun Pacific. A pooling agreement between all owners enables the choice of week and unit for floating weeks, and rotation of unit for fixed weeks, while still retaining ownership of a title deed. The Unit Titles Act requires that there is a Body Corporate comprising of all the owners of the property and there is a committee of 6 elected to oversee the running of the resort. The committee employ resident managers to see to the day to day running of the resort, and a secretary for the Body Corporate to attend to administration matters. The Sun Pacific Body Corporate committee is comprised of 6 very competent and capable owners who bring a very useful range of professional and technical skills to benefit the resort at virtually no cost to the Body Corporate. The time these people give to the resort is considerable, and the results are for the holiday enjoyment of all owners. They are elected annually There
is an annual maintenance levy which is $781 (incl. GST) for 2 brm units
and $676 for 1 brm units, per week owned for 2012. This levy is a share
of actual costs (non profit) of running the resort and includes
everything except toll calls, wi-fi and Sky tv you may use while in
residence. There is also a budgeted contribution to the refurbishing
reserve fund, which is currently around $300000 in the bank earning
interest which helps the resort's income. There are no bad debts. Sun Pacific Villas timeshare sold out in 1990, but we do have resales available from a few people wishing to sell out. Prices range from around $30000 to $2500 per week depending on size and season. There is a legal fee involved as there is a Title Deed transfer to be effected and we recommend an excellent conveyancer, who does almost all of our timeshare purchases for just $530 (incl GST) if you wish. It is a very straight forward transaction and is all done by mail. The usual procedure for purchasing is a 10% deposit on completion of the Sale and Purchase Agreement, with the balance to your conveyancer for settlement day about 40 days later, but this can be varied to suit. Any further information you require is readily available from the resort's resale manager, who is appointed by the committee to provide a service for owners wishing to sell out, and information and backup for those interested in joining the resort. He is a timeshare owner himself with a wide knowledge of timeshare and is not a real estate agent. |
