--- title: Why owning a holiday home by yourself no longer makes sense description: It was once the Aussie dream, but now it’s more a nightmare. The hassle of maintenance and upkeep, land taxes gone crazy, interest rates have exploded and tightening local rental regulations, all make sole ownership increasingly less attractive. image: https://paradoor.com/hubfs/karl-muscat-MiWGoGARyDQ-unsplash%20(4).jpg --- [![paradoor-logo-black](https://paradoor.com/hs-fs/hubfs/Paradoor_brandmark_rich-black.png?width=169&height=47&name=Paradoor_brandmark_rich-black.png)](https://paradoor.com) - ![](https://paradoor.com/hubfs/karl-muscat-MiWGoGARyDQ-unsplash%20(4).jpg) # Why owning a holiday home by yourself no longer makes sense [Marion](https://paradoor.com/journal/author/marion) Oct 17, 2024 3:54:46 PM It was once the Aussie dream, but now it’s more a nightmare. The hassle of maintenance and upkeep, land taxes gone crazy, interest rates have exploded and tightening local rental regulations, all make sole ownership  increasingly less attractive. This is where we come in. WHAT EXACTLY IS PARADOOR CO-OWNERSHIP? **Pa-ra-door** (*n.*)  Spanish inspired concept of luxury holiday home ownership; shared Paradoor is a co-ownership model that has been designed to revolutionise luxury holiday home ownership.  We allow owners to have access to luxury lifestyle and homes at a fraction of the cost. Imagine being able to afford a holiday home in your dream destination that is even nicer than your primary residence. A place you are truly proud to own. A place that is big enough to host family and friends. All this and without the hassles – your place is professionally managed by [Luxico](https://luxico.com.au/). With Paradoor you’ll get to stay 44 nights per year in your own dream property, share in any capital appreciation of the home and only have to pay a fraction of the costs and taxes. HOW IT WORKS 1. LUXURY PROPERTIES The Paradoor team identify and undertake due diligence on top properties for acquisition, based on location, design, amenity and price.  Properties are located in Australia's most sought-after destinations such as Byron Bay, Noosa, Mornington Peninsula and Sydney's Northern Beaches. 2. DESIGN & STYLING We pride ourselves on creating beautiful and functional spaces for its owners. In partnership with MCM House, all Paradoor properties are furnished and styled to the highest standards. While MCM House brings a timeless elegance and style, each Paradoor has a design direction that is carefully matched to the location and unique features of the property. 3. WELLNESS SANCTUARY Amidst the fast pace of modern life, carving out moments for genuine relaxation and recharging can often seem like an unobtainable aspiration. We firmly believe that everyone deserves a sanctuary—a place to retreat from the chaos and prioritise personal and family wellbeing. 4. PERSONAL CONCIERGE To ensure the most luxurious experience for our owners, Paradoor has been developed in partnership with Luxico – Australia’s leading premium property management and concierge service.  Over more than a decade, Luxico has serviced more than 50,000 guests from across the world, and has over $1b of property under management in Australia’s most desired holiday locations. The team handles the day to day tasks like property management and maintenance, plus provides a Concierge service to assist with a variety of holiday requests. 5. NO HASSLE The Paradoor team looks after all the tasks that would usually consume large amounts of precious holiday time - maintenance, repairs, lawn care and pool maintenance through locally hired professionals so that you can enjoy your home. Owners pay a monthly management fee, with all costs transparently passed along directly to owners on a pro-rata basis. This means that you not only save time, but you only pay a fraction of the substantial costs associated with holiday home ownership 6. BOOK THROUGH THE APP Book seamlessly via our Co-owner App based on real-time availability, ensuring fair access and equitable allocation of time in the home. Every owner has opportunities to use your Paradoor at the times that matter most to you. ## MORE ENTRIES [![](https://paradoor.com/hs-fs/hubfs/andy-abelein-MNkxGKSlVy8-unsplash%20(1).jpg?width=352&name=andy-abelein-MNkxGKSlVy8-unsplash%20(1).jpg)](https://paradoor.com/journal/shared-ownership-in-australia-is-co-ownership-the-perfect-housing-solution-for-you) Nov 14, 2023 10:30:00 PM ### [Shared Ownership Homes in Australia | Is Shared Living Perfect?](https://paradoor.com/journal/shared-ownership-in-australia-is-co-ownership-the-perfect-housing-solution-for-you) [![](https://paradoor.com/hs-fs/hubfs/dillon-hunt-cBuJJzyfVx8-unsplash.jpg?width=352&name=dillon-hunt-cBuJJzyfVx8-unsplash.jpg)](https://paradoor.com/journal/unlocking-the-dream-co-ownership-homes-in-noosa-a-guide-to-shared-ownership-in-paradise) Nov 19, 2023 12:07:00 AM ### [Unlocking the Dream: Co-Ownership Homes in Noosa - A Guide to Shared Ownership in Paradise.](https://paradoor.com/journal/unlocking-the-dream-co-ownership-homes-in-noosa-a-guide-to-shared-ownership-in-paradise) [![](https://paradoor.com/hs-fs/hubfs/nicolas-jehly-YxB2de06_SU-unsplash.jpg?width=352&name=nicolas-jehly-YxB2de06_SU-unsplash.jpg)](https://paradoor.com/journal/unlocking-co-ownership-a-guide-to-shared-homeownership-in-the-gold-coast) Nov 21, 2023 12:12:00 AM ### [Unlocking Co-Ownership: A Guide to Shared Homeownership in the Gold Coast](https://paradoor.com/journal/unlocking-co-ownership-a-guide-to-shared-homeownership-in-the-gold-coast) [![](https://paradoor.com/hs-fs/hubfs/jaye-haych-7tkDoo2L_Eg-unsplash.jpg?width=352&name=jaye-haych-7tkDoo2L_Eg-unsplash.jpg)](https://paradoor.com/journal/breaking-down-barriers-how-co-ownership-is-making-homeownership-more-accessible) Nov 5, 2023 9:47:19 PM ### [Homeownership in Australia - Breaking Down Barriers With Co-Ownership](https://paradoor.com/journal/breaking-down-barriers-how-co-ownership-is-making-homeownership-more-accessible) [03 9125 1160](tel:03%209125%201160) [hello@paradoor.com](mailto:hello@paradoor.com) 2A River Street, South Yarra, VIC 3141 - [Linkedin](https://www.linkedin.com/company/myparadoor/) - [Instagram](https://www.instagram.com/paradoor/) - [Pinterest](https://au.pinterest.com/Paradoor/) Paradoor acknowledges the Traditional Owners of Country throughout Australia and pays respect to their cultures and Elders past, present and emerging. ![flag-aboriginal](https://paradoor.com/hubfs/paradoor-theme/images/footer/flag-aboriginal.svg) ![flag-torres-strait-islander](https://paradoor.com/hubfs/paradoor-theme/images/footer/flag-torres-strait-islander.svg) [Privacy Policy](https://paradoor.com/privacy-policy) [Terms](https://paradoor.com/terms) Copyright 2024 paradoor The information on this website has been prepared by Paradoor Investment Management Pty Ltd (Paradoor) (Authorised Rep No. 001308941 of AFSL No. 516127). Your access to this website is conditional upon your acceptance and compliance with the terms, conditions and disclaimers below and your use of, and/or access to this website constitutes your agreement to these terms of use. This website does not constitute financial product advice nor does it constitute the offer of a financial service and is provided for information purposes only.   This website does not contain an offer or invitation to invest in any financial product. The information on this website has been prepared without taking into account any investor’s objectives, financial situation or needs. The information on this website (including any commentary) has been prepared based on information believed to be accurate as of the date of publication and the views of Paradoor.   Assumptions and estimates may have been made which may prove not to be accurate. Paradoor undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, neither Paradoor or its related entities makes any warranty as to the accuracy or completeness of the information on this website (or the views expressed) and disclaims all liability that may arise due to any information contained in this document being inaccurate, unreliable or incomplete.   This website may contain links to websites offered by third parties. These linked websites are not under the control of Paradoor, and neither Paradoor nor any related entity makes any representations as to the contents of any third party. ![Quantcast](https://pixel.quantserve.com/pixel/p-evWKyRRpav_ug.gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Marion", "url" : "https://paradoor.com/journal/author/marion" }, "dateModified" : "2024-10-17T04:54:46.263Z", "datePublished" : "2024-10-17T04:54:46.000Z", "headline" : "Why owning a holiday home by yourself no longer makes sense", "image" : [ "https://paradoor.com/hubfs/karl-muscat-MiWGoGARyDQ-unsplash%20(4).jpg" ], "mainEntityOfPage" : { "@id" : "https://paradoor.com/journal/whyowningaholidaybyyourselfnolongermakessense", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Paradoor" } } ```