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.

Future Wallingat houseboat ownership opportunity on a calm NSW waterway

Future Opportunity

Wallingat: A Future Waterfront Ownership Opportunity

Following strong interest in the Coolongolook opportunity, additional vessels and waterfront holiday ownership opportunities may be offered through the syndicate in future.

Wallingat is one of the names reserved for future opportunities. Register your interest now to be among the first to hear when new founding ownership opportunities become available.

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What future opportunities may include

Additional Houseboats

More managed vessels on the NSW waterways.

Premium Cruisers

Larger and more premium lifestyle vessels.

Priority Access

Registered members hear about opportunities first.

Same Managed Model

Professional management and rental income potential.

Ready to Explore the Opportunity?

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