What is included in syndicate ownership?

Syndicate ownership gives you a 20% interest in Coolongolook, 50 Lifestyle Credits per year (one credit = one day of use), professional management by Forster Houseboat Hire, and the ability to release unused credits into the rental pool to generate income.

Can I use the vessel myself?

Yes. Both syndicate owners (via Lifestyle Credits) and full owners can use Coolongolook for personal holidays on Wallis Lake. Full owners have unrestricted personal use.

How does managed ownership work?

Under the managed pathway, Forster Houseboat Hire handles all operations — bookings, maintenance, guest services and compliance. You receive income from the rental pool and use your Lifestyle Credits for personal stays.

What is a Lifestyle Credit?

A Lifestyle Credit equals one day of personal use on Coolongolook. Syndicate owners receive 50 per year. Any credits not used personally can be released into the managed rental pool to generate income.

Can I relocate the vessel?

Full ownership gives you the option to relocate Coolongolook to a mooring of your choice and use it privately or commercially. Syndicate ownership operates from its current base in Forster NSW.

What does commercial ownership involve?

Commercial ownership means operating Coolongolook as a hire vessel — either through Forster Houseboat Hire's established booking platform, or independently using the vessel's existing Certificate of Survey to establish your own business.

How much income can the vessel generate?

A typical 2-night booking generates $1,050–$1,690 in gross revenue depending on season, demand and pricing. Income is not guaranteed and will vary. Full projections are included in the Ownership Guide.

Can I buy the vessel outright?

Yes. Full ownership is available for $79,000. This gives you 100% ownership and complete flexibility over how you use, operate or manage Coolongolook.

What is the Certificate of Survey?

A Certificate of Survey is issued by AMSA (Australian Maritime Safety Authority) and confirms the vessel meets all safety and operational standards for commercial hire use. Coolongolook already holds this certificate, which saves significant time and cost for any commercial operator.

Is this a confirmed offer?

This website is for expression of interest purposes only. All pricing, ownership structures and documentation are subject to final approval and legal documentation. Seek independent professional advice before proceeding.

Managed Houseboat Ownership

Houseboat Ownership Without the Headaches

Name: Forster Houseboat Hire
Address: Forster, NSW, 2428, AU
Price range: From $19,900

Traditional houseboat ownership comes with mooring fees, insurance, maintenance and a vessel that often sits idle. Managed ownership removes those headaches while keeping all the lifestyle.

Own a 20% interest in the Coolongolook houseboat from $19,900, with 50 Lifestyle Credits a year and a professional team handling the rest.

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What managed ownership includes

Defined Ownership

A clear 20% ownership interest in a quality managed vessel.

Transparent Costs

A single annual levy covers mooring, insurance, compliance and reserves.

Everything Coordinated

Bookings, cleaning, maintenance and reporting are all handled.

Rental Income Option

Earn from unused Lifestyle Credits through the managed rental pool.

Download the Waterfront Ownership Guide to see the full structure of managed houseboat ownership, or register your interest today.

Ready to Explore the Opportunity?

Download the Coolongolook Ownership Guide or book a personal inspection of the houseboat on Wallis Lake.