2 thoughts on “Sale of Shares”

1. “The primary objective of the Goolawah co-op is to facilitate low costresidential housing”

   Not sure that statement is correct.

   Goolawah was approved by the council under SEPP 14 which is (so to speak) a loophole that allowed us to create the community. I am not sure that the ethos of Goolawah ever was primarily to facilitate low cost residential housing.

   Nice idea, but how can this be enforced? Do we now “means test” applicants?

   At some point Goolawah residents may need to move on and will then need to get a realistic price for their home so that they can ( for example) move to a different community, buy a place in town or move into a retirement village.

   It needs to be possible to sell at a realistic price and reasonably quickly.

   If you look at shares that are selling on other communities Eco Villages / Cohousing – Eco Real Estate it makes Goolawah look like an all time bargain.

   I agree that absentee owners holding undeveloped sites should not be holding on to them for financial gain.

   I think we need to look at other factors that are making it difficult to sell shares.

   Perhaps the lengthy and arduous membership process is a deterrent? In the 6 months or more that process entails it appears that some potential members are finding another place to buy or have gone off the idea??

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2. Absolutely. Thank you James for wording this so clearly. When i was ‘buying in’ i was told that site prices reflected the amount invested in ‘improvements made’ since last purchase price (or maybe the original 7k?). Compensation for money spent and work done. I suspect this was more of a verbal agreement. Even then, my sale price of <30k 10 years ago was no doubt influenced more by what recent sale prices in the Outback were, as I initially spent weeks clearing vegetation and taking many trailer loads of 'improvements' to the tip. I look forward to discussing this hot topic further.

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