|
|
Dont know why the admin do that. Seemed a fair paragraph to me??? National isnt anywhere near it. I think they were 25-30k now down to 8k. Played there on the weekend, Moonah Course. Great layout though the front 9 was much easier than I had anticipated and much shorter.
I think it’s just some sort of coding glitch, not censorship. You’d have to say that The National is pretty successful. Supply and demand sets the price, so yeah it’s less to join now than pre GFC, but overall the club is doing very well on and off the course. Anyone know what the initial share price was (not the peak price) in the late 80s/early 90s? Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x from memory it was around $3k… then at its peak, the second hand market was into the 20s, and the last release (2002?) was around $35k… if it drops to $5k, I’m buying…
If it drops to $5k the yearly subs will be pushing the same amount. Basic supply and demand and maintaining existing revenue streams.
If you lived in Melbourne at its current price it’s a no brainer…..I’d be all over it!
I worked with a guy in 2003/4 who paid $26k and it was the hottest ticket in town.
Scary how things change!
|
|
|
|
|
Dont know why the admin do that. Seemed a fair paragraph to me??? National isnt anywhere near it. I think they were 25-30k now down to 8k. Played there on the weekend, Moonah Course. Great layout though the front 9 was much easier than I had anticipated and much shorter.
I think it’s just some sort of coding glitch, not censorship. You’d have to say that The National is pretty successful. Supply and demand sets the price, so yeah it’s less to join now than pre GFC, but overall the club is doing very well on and off the course. Anyone know what the initial share price was (not the peak price) in the late 80s/early 90s? Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x from memory it was around $3k… then at its peak, the second hand market was into the 20s, and the last release (2002?) was around $35k… if it drops to $5k, I’m buying… If it drops to $5k the yearly subs will be pushing the same amount. Basic supply and demand and maintaining existing revenue streams. If you lived in Melbourne at its current price it’s a no brainer…..I’d be all over it! I worked with a guy in 2003/4 who paid $26k and it was the hottest ticket in town. Scary how things change!
The club doesn’t make any money from the sale of existing shares. So the price of existing shares has no impact on the yearly subs whatsoever.
Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x
|
|
|
|
|
Dont know why the admin do that. Seemed a fair paragraph to me??? National isnt anywhere near it. I think they were 25-30k now down to 8k. Played there on the weekend, Moonah Course. Great layout though the front 9 was much easier than I had anticipated and much shorter.
I think it’s just some sort of coding glitch, not censorship. You’d have to say that The National is pretty successful. Supply and demand sets the price, so yeah it’s less to join now than pre GFC, but overall the club is doing very well on and off the course. Anyone know what the initial share price was (not the peak price) in the late 80s/early 90s? Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x from memory it was around $3k… then at its peak, the second hand market was into the 20s, and the last release (2002?) was around $35k… if it drops to $5k, I’m buying… If it drops to $5k the yearly subs will be pushing the same amount. Basic supply and demand and maintaining existing revenue streams. If you lived in Melbourne at its current price it’s a no brainer…..I’d be all over it! I worked with a guy in 2003/4 who paid $26k and it was the hottest ticket in town. Scary how things change! The club doesn’t make any money from the sale of existing shares. So the price of existing shares has no impact on the yearly subs whatsoever. Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x
Agreed but if members have no interest in playing golf, put their memberships on the market, who will pay for the shortfall in membership subs revenue? The club will only hold on for so long before passing it on to the other members in the form of increased subs.
|
|
|
|
|
Dont know why the admin do that. Seemed a fair paragraph to me??? National isnt anywhere near it. I think they were 25-30k now down to 8k. Played there on the weekend, Moonah Course. Great layout though the front 9 was much easier than I had anticipated and much shorter.
I think it’s just some sort of coding glitch, not censorship. You’d have to say that The National is pretty successful. Supply and demand sets the price, so yeah it’s less to join now than pre GFC, but overall the club is doing very well on and off the course. Anyone know what the initial share price was (not the peak price) in the late 80s/early 90s? Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x from memory it was around $3k… then at its peak, the second hand market was into the 20s, and the last release (2002?) was around $35k… if it drops to $5k, I’m buying… If it drops to $5k the yearly subs will be pushing the same amount. Basic supply and demand and maintaining existing revenue streams. If you lived in Melbourne at its current price it’s a no brainer…..I’d be all over it! I worked with a guy in 2003/4 who paid $26k and it was the hottest ticket in town. Scary how things change! The club doesn’t make any money from the sale of existing shares. So the price of existing shares has no impact on the yearly subs whatsoever. Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x Agreed but if members have no interest in playing golf, put their memberships on the market, who will pay for the shortfall in membership subs revenue? The club will only hold on for so long before passing it on to the other members in the form of increased subs.
If you own a share you have to pay the subs. You can lease the share for an extended period of time. So either way the club gets their money.
Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x
|
|
|
|
|
Dont know why the admin do that. Seemed a fair paragraph to me??? National isnt anywhere near it. I think they were 25-30k now down to 8k. Played there on the weekend, Moonah Course. Great layout though the front 9 was much easier than I had anticipated and much shorter.
I think it’s just some sort of coding glitch, not censorship. You’d have to say that The National is pretty successful. Supply and demand sets the price, so yeah it’s less to join now than pre GFC, but overall the club is doing very well on and off the course. Anyone know what the initial share price was (not the peak price) in the late 80s/early 90s? Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x from memory it was around $3k… then at its peak, the second hand market was into the 20s, and the last release (2002?) was around $35k… if it drops to $5k, I’m buying… If it drops to $5k the yearly subs will be pushing the same amount. Basic supply and demand and maintaining existing revenue streams. If you lived in Melbourne at its current price it’s a no brainer…..I’d be all over it! I worked with a guy in 2003/4 who paid $26k and it was the hottest ticket in town. Scary how things change! The club doesn’t make any money from the sale of existing shares. So the price of existing shares has no impact on the yearly subs whatsoever. Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x Agreed but if members have no interest in playing golf, put their memberships on the market, who will pay for the shortfall in membership subs revenue? The club will only hold on for so long before passing it on to the other members in the form of increased subs. If you own a share you have to pay the subs. You can lease the share for an extended period of time. So either way the club gets their money. Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x
That’s if you want to actually use it. You think that they don’t have problems with people that own shares who are trying to sell them and/or have no interest in using it paying the subs no questions asked?
|
|
|
|
|
I think they have to pay them, I wouldn’t think they have a choice. Like to know if it’s any different.
As an aside traveling from Melbourne very week would be a hard slog. Know plenty do but it’s makes for a bloody long day. I went down last weekend and even if it was just subs I don’t think I would take it up.
|
|
|
|
|
Dont know why the admin do that. Seemed a fair paragraph to me??? National isnt anywhere near it. I think they were 25-30k now down to 8k. Played there on the weekend, Moonah Course. Great layout though the front 9 was much easier than I had anticipated and much shorter.
I think it’s just some sort of coding glitch, not censorship. You’d have to say that The National is pretty successful. Supply and demand sets the price, so yeah it’s less to join now than pre GFC, but overall the club is doing very well on and off the course. Anyone know what the initial share price was (not the peak price) in the late 80s/early 90s? Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x from memory it was around $3k… then at its peak, the second hand market was into the 20s, and the last release (2002?) was around $35k… if it drops to $5k, I’m buying… If it drops to $5k the yearly subs will be pushing the same amount. Basic supply and demand and maintaining existing revenue streams. If you lived in Melbourne at its current price it’s a no brainer…..I’d be all over it! I worked with a guy in 2003/4 who paid $26k and it was the hottest ticket in town. Scary how things change! The club doesn’t make any money from the sale of existing shares. So the price of existing shares has no impact on the yearly subs whatsoever. Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x Agreed but if members have no interest in playing golf, put their memberships on the market, who will pay for the shortfall in membership subs revenue? The club will only hold on for so long before passing it on to the other members in the form of increased subs. If you own a share you have to pay the subs. You can lease the share for an extended period of time. So either way the club gets their money. Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x That’s if you want to actually use it. You think that they don’t have problems with people that own shares who are trying to sell them and/or have no interest in using it paying the subs no questions asked?
Completely different issue.
Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x
|
|
|
|
|
everyone pays their subs, I’m pretty sure there will be clauses that if you don’t pay, you would forfeit the rights to your share… there are always a few for lease though, so you can get it for subs only… If I took it up for $5k, I’d lease it out until I had more time…
and agree, unless you have a place down there (or live very far south east) – it’s a serious drive, even with the new freeway in…
all this goes back to the fact though, that there’s a magnificent option just down the road from StAB part2, that’s going for a very very good rate right now..
|
|
|
|
|
everyone pays their subs, I’m pretty sure there will be clauses that if you don’t pay, you would forfeit the rights to your share… there are always a few for lease though, so you can get it for subs only… If I took it up for $5k, I’d lease it out until I had more time… and agree, unless you have a place down there (or live very far south east) – it’s a serious drive, even with the new freeway in… all this goes back to the fact though, that there’s a magnificent option just down the road from StAB part2, that’s going for a very very good rate right now..
Correct
Titleist 910D3 Aldila RIP 60
Titleist 910Fd Aldila RIP 60
Titleist 909H Adilda Voodoo
Titleist 710 AP1 Nippon NS Pro 105T
Vokey Spin Milled Oil Can 52, 56, 60
Scotty Cameron Studio Select Newport
Pro V1x
|
|
|
|
|
17 is about where I would have guessed they’d be at!
|
|
|
|
|
I wonder if those 17 will get their money back???
|
|
|
|
|
Anyone have any theories about what becomes of the semi-complete second track, if the private club has in fact gone tits up?
Do GSM swoop in and finish it and provide a 2nd public course? Or maybe a nine hole layout. Maybe cherry pick some of the better holes holes on the 2nd layout and convert them into ‘spare’ holes to tie into the current 18 to allow some holes the chance to rest throughout the year?
Or does GSM just stay out of it (for now at least)?
|
|
|
|
|
The owner of the new course is apparently LOADED with a capital L. I personally know 2 guys who have left their current positions on golf courses to go and work there. Guaranteed wages, annual leave, super, straight away. Money won’t be an issue with this place Read Ben Hogan’s 5 Lessons: The Modern Fundamentals of Golf until your eyes are sore and your head hurts, then read it again and again! It’s ALL there………..
Money did became the issue!
I feel sorry for the blokes who left other jobs.
Over supply in the market meant it was doomed for failure, history repeated.
Play it as it lies, get on with it, its not life or death, its just a game!
|
|
|
|
|
That really is a shame for the guys working there.
2012 B Grade Champ Paterson River ISG OOM Round #3
2012 ISG Matchplay Champion
2013 B Grade Champ Sanctuary Lakes ISG OOM Rd 1
http://www.golflink.com.au/...
|
|
|
|
|
Dont imagine GSM would have the funds to finish & maintain it, remember theyre only a management company put in by the owners of each of their courses…
|
|
|
|
|
Surely a bloke growing the grass doesn’t have anything to do with memberships not selling.
|
|
|
|
|
Construction on the site has slowed down due to lack of power on site – the project has been delayed, but is still continuing.
Please see St Andrews Private website.
http://standrewsprivate.tum...
|
|
|
|
|
How is it going to be viable….I can only see two ways which are both unrealistic in my view.
1/Full Membership of 281
2/$10k p.a subs each member
They’re spruiking a world class course….you don’t get that for nothing.
|
|
|
|
|
This may be of interest?
St Andrews Private update
Resident forum moderator
Any issues contact content @ iseekgolf.com
|
|
|
|
|
This may be of interest? St Andrews Private update Resident forum moderator
Any issues contact content @ iseekgolf.com
Going ahead course development wise is totally different to being viable.
We saw it with the first St Andrews Beach course. 5 years I think is a reasonable timeframe to ascertain a courses viability. I.e) In five years time will the new St Andrews Private be a profitable seperate entity from its developers?
For this to occur I think the unlikely answers to my question above both have to occur…..highly doubtful I suspect
|
|
|
|
|
Certainly no love between the two courses it would seem
|
|
|
|
|
This may be of interest? St Andrews Private update Resident forum moderator
Any issues contact content @ iseekgolf.com Going ahead course development wise is totally different to being viable. We saw it with the first St Andrews Beach course. 5 years I think is a reasonable timeframe to ascertain a courses viability. I.e) In five years time will the new St Andrews Private be a profitable seperate entity from its developers? For this to occur I think the unlikely answers to my question above both have to occur…..highly doubtful I suspect
You’re making some pretty ill-informed assumptions based on something that happened a decade ago under vastly different circumstances. Have you seen the financials of the new project? Have you seen a membership proposal? You make it sound like you know the ins and outs.
You better go and tell the developers the project is doomed, they might want a heads up before getting the the scorecards printed…..
Plenty of people got burnt in the original St Andrew’s Beach development and maybe these guys have learnt a little from that and other golf course/resort failures. Its a brave venture and good luck to them.
|
|
|
|
|
This may be of interest? St Andrews Private update Resident forum moderator
Any issues contact content @ iseekgolf.com Going ahead course development wise is totally different to being viable. We saw it with the first St Andrews Beach course. 5 years I think is a reasonable timeframe to ascertain a courses viability. I.e) In five years time will the new St Andrews Private be a profitable seperate entity from its developers? For this to occur I think the unlikely answers to my question above both have to occur…..highly doubtful I suspect
You’re making some pretty ill-informed assumptions based on something that happened a decade ago under vastly different circumstances. Have you seen the financials of the new project? Have you seen a membership proposal? You make it sound like you know the ins and outs. You better go and tell the developers the project is doomed, they might want a heads up before getting the the scorecards printed….. Plenty of people got burnt in the original St Andrew’s Beach development and maybe these guys have learnt a little from that and other golf course/resort failures. Its a brave venture and good luck to them.
I’ve read the membership proposal cover to cover a few times… Happy to send to you if you want to read and decipher how it could work as an ongoing viable club…
As I’ve said before, the fees to ongoing running costs of the club don’t match up at all, even if in the unlikely prospect that all memberships are sold (does everyone realise, the price goes up the later you buy it, the last 30 memberships are $145k… I’d like to see that happen!), members could be paying $10k+ /year like the Grand on the Gold Coast…
There’s a lot going against it, and not much for it at this stage (other than blind faith that a great piece of land will eventually become a great golf course)...
|
|
|
|
|
A decade ago were prosperous times compared to now werent they?
|
|
|
|
|
A decade ago were prosperous times compared to now werent they?
No doubt, Bernie. But we are talking about $100k, and there are plenty of people with that sort of money even in the current climate.
|
Loading ...