Own the Dream, Share the Luxury: 9 Cool Co-Ownership Ventures

Co-ownership is revolutionising the way people experience luxury, allowing individuals to own a piece of stunning holiday homes, yachts, and jets without the overwhelming costs of full ownership. From Australia's pristine coastlines to Europe’s cultural gems and the high seas, co-ownership models are making it easier than ever to live the dream while sharing the expense and responsibility. These co-ownership companies offer an innovative new approach to enjoying luxury on your own terms.

Holiday homes: 

1. Pacaso (United States and Europe)
   Pacaso enables individuals to co-own luxury second homes across the U.S. and Europe by purchasing fractions of a property, typically between one-eighth and one-half. Pacaso manages the home’s maintenance, cleaning, and scheduling, allowing owners to enjoy their share of the property with ease.

2. Faction (Australia)
   A new entrant to the Australian market, Faction allows people to purchase one-eighth or one-sixth shares of a holiday home located in prime destinations. Faction manages the property, handles maintenance, and facilitates seamless scheduling, giving Australians a way to co-own luxury holiday homes without the full responsibility of owning a second property.

3. The Hideaways Club (Global)
   The Hideaways Club operates a co-ownership model for high-end homes in desirable international destinations. Members buy shares in the club’s portfolio and can stay at various properties worldwide, blending investment with vacation flexibility.

4. Kocomo (Mexico & Caribbean)
   Kocomo offers co-ownership of luxury holiday homes in tropical regions, focusing on prime vacation spots in Mexico and the Caribbean. The company provides a flexible model with transparent pricing, making it a great option for international buyers.

5. August (Europe)
   August offers co-ownership of luxury vacation homes across prime European destinations such as Spain, Italy, and France. Owners typically purchase one-eighth shares of the property and are allotted weeks of usage each year. August manages the property’s maintenance and scheduling, providing a seamless, hands-off ownership experience.

Yachts & Jets 

1. YachtLife (Global)
   YachtLife offers co-ownership of luxury yachts, allowing buyers to purchase a fractional share of a yacht and enjoy time aboard throughout the year. The company handles the yacht's management, including crew and maintenance, ensuring a seamless experience for owners.

2. SailTime (Sailboats)
   SailTime offers a fractional ownership model for sailboats, where members purchase shares in a vessel and have guaranteed access to the boat for a certain number of days per year. Maintenance and marina costs are shared among the owners.

3. Fractional Art Ownership (Masterworks)
   Masterworks allows investors to co-own shares in high-value artwork from famous artists. This model gives everyday investors the chance to diversify their portfolios with art, without needing to buy entire pieces outright.

4. NetJets (Global)

   NetJets provides fractional ownership of private jets, offering individuals a share of a jet with a certain number of flying hours per year. The company manages everything, from scheduling flights to maintenance, making jet ownership more accessible without the full financial commitment.

This list highlights how co-ownership companies are creating opportunities for individuals to invest in luxury assets while minimizing financial and logistical burdens.

If you are based in Australia and interested in holiday home co-ownership Faction can help you facilitate the transaction and property management of some of Australia’s coolest holiday homes.