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.

Waterfront Holiday Home

Own a Waterfront Holiday Home From $19,900

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

A waterfront holiday home no longer has to mean a million-dollar purchase. Through Forster Houseboat Hire you can own a managed share of a waterfront lifestyle from just $19,900.

Enjoy up to 50 Lifestyle Credits every year on Wallis Lake, with professional management handling the details and a rental income opportunity on the credits you do not use.

Comparison Calculator

The waterfront lifestyle, made attainable

No Mortgage Required

A fraction of the capital of buying a waterfront property outright.

Family Holidays

Create memories on the water with family, grandkids and friends.

Professionally Managed

An established Forster operator coordinates everything for you.

Income Potential

Offset costs by renting your unused Lifestyle Credits through the pool.

Download the Waterfront Ownership Guide or register your interest to secure a founding waterfront holiday home opportunity.

Ready to Explore the Opportunity?

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