© 2000-2007 iseekgolf.com. All Rights Reserved. ABN: 89 096 508 495
St Andrews Beach
Forums → Your Favourite Golf Courses | 512 posts
Pages: 1 2 3 4 5 6 7 8 9 10 11 ... 21
|
This is a thread for Andrew Beach, or anyone else from down that way, to provide positive information and updates about St Andrews Beach Golf CLUB in an effort to inform the members of this forum about this great project and perhaps convince some people on here to look into joining. Interesting to see if it gets any replies.
|
|
Jeffrey and others, as you know I'm not a member but one piece of positive information on St. Andrews Beach is the recent post on GCA by Mark Ferguson, containing some immaculate B&W photos of the Gunnamatta course. Definitely worth a visit. They'll make you drool. Mark can take awesome pics, and he's got a great subject to photograph.
I look fwd to a game there soon, and reporting back. MM
|
|
God help us when the Fingal course opens
|
|
Nice initiative Jeffrey
Here's my contribution
|
|
Agreed. I have been very interested in a membership at StAB for a while now, and consequently I've played the course a couple of times with the GCPL guys - all of whom have been absolutely fantastic. As an unabashed fan of Doak's work, I really believe that it in time it will be one of the jewels in the Peninsula's crown. One of the reasons I started reading this forum was to get some more information on the golf membership market in Melbourne for the purpose of aiding my decision making. At 15+ pages of mostly irrelevant information, the other main thread on StAB is a little bit too much for me to handle. As far as I know GCPL are struggling for numbers at this stage - hence the revised prospectus. That said, I see the revised prospectus as a much easier purchase proposition than the old one. $50k up front in a buyer's market was never going to work. I actually see the current GCPL struggles merely as a timing issue. With interest rates rising (etc. etc.) I feel that the development may have started a year later than what was ideal. So the question I am asking myself, but I’m unable to answer is - do I jump in now and write off any depreciation as a 'lifestyle expense', or do I wait 6-12 months and re-assess then? The answer to this depends greatly on my current financial position. If it didn’t, I’d be a member already. Unfortunately the reality is that the answer is somewhat out of GCPL’s hands and depends on the market. Despite how much I’m completely in love with the course and really want to be a part of it through development stage, I’m yet to be convinced that it is a sound financial decision considering Melbourne's current over supply of golf memberships.
I would dearly love somebody with more knowledge on the current
and future demand/supply of course memberships in Melbourne to
place my concerns at ease. The sentimental man inside tells me
that the money shouldn't matter and that you join a course
because you like playing it and for the camaraderie with fellow
members. However for me right now the issue of dollars and cents
needs to make more sense! Please somebody sell it to me!!!
|
|
Captain,
It's an interesting question isn't it The good news is that once you have paid the $50k then you are basically playing for "free". For people looking at retiring for example that would be attractive. The downside is the risk is far greater from a number of aspects. Until it's all up and running profitably you have a lot more "at risk". Likewise you are likely to see greater swings in the share price on the secondary market when one develops. Obviously a 10% swing in either direction has more fiscal impact (good or bad) on $50k than $10K. From the point of view of shifting the share at a later date if your circumstances changed I just think there would be less people out there with $50 to spend than say $10K. The ability to pay over time that is in the new prospectus improves matters but I haven't looked at the fine print around interest if any that will be charged and what happens under various circumstances to comment too much. The good news for golfers today is that it's a buyers market and there are lots of options at some very good clubs. Good luck with your decision. JJ
|
|
JJJ, There is an intersting quote in "Cornish and Whitten" about what happenned to a lot of clubs that gave away too many seeding memberships in the 1920s before the depression hit. I will post it when I get home in a few days if someone can't find it earlier.
|
|
I'd love to see that Jeffrey... JJJ - I agree with your comments wholeheartedly.
|
|
JJ, you can get 5.4% pa from ING Direct. That's $2700 pa. It
is hardly "free". Better off to stick the money in the
bank, collect the interest and lease one. I know different people
have different tax rates, but at least that way you avoid the
sleepless nights. Transferable memberships are a great thing to
lease, no large costs, no waiting lists, no joining fees. And if
you don't like the members you can leave at anytime.
|
|
I am glad you capitalised CLUB. I have resided in the USA for several years, and had the good fortune to play several Doak courses, all of which have been universally excellent. Returning back home to live a year or so ago, as soon as I heard that Doak was in charge of a two-course project, I had a look see, then joined pretty much on the spot. The first course is a very special place to play, but, more importantly, if you look at much of the literature, they are truly intent on creating a great CLUB first and foremost. It is a lot of money, yes - although still dirt cheap by US standards, which are typically around $75,000 entry fees, $500 or so per month in subscriptions, and another $200-300 per month in what are ubiquitously termed bar expenses. You can either affford it, or you can't. You can either want to pay it, or you do not. You are either married to someone whom won't mind, or whom you can bribe.
There can be no rational logic for spending such a sum to play
such an infuriating game, but it all comes down to what you want
out of life. I myself would rather enjoy a pleasant stroll on a
lovely course, than worry about 5.4%. Didn't the good Doctor
Mackenzie believe, after all, that golf was a cure for many of
our ills? It is currently a very raw course, I think it would be fair to say, but, in several years, once the programme of planting native vegetation has been completed, will be one of the most spectacular courses imaginable, given the beauty of our fauna, I would hope. I count myself fortunate indeed to have played Sand Hills and the glorious National Golf Links of America - although strangely, and frustratingly enough, I could only wangle an invitation to those two alone - and I believe the first course here compares favourably to either of them. It is of a similar scale, although perhaps not quite as old-fashioned as National Golf Links, and features much, much smaller greens than those found at Sand Hills, so is a different, but ultimately still vastly enjoyable, challenge. I have only seen the land of the second course from the bumpy seat of a golf cart, but that looks to be something quite worthy too, if not a tad more 'severe'. I don't see the availability of the second course to the 'semi-public' as an issue at all. Most golf clubs have corporate days at least once or twice per week anyway. Apartment owners will only number around 120, so not a lot there. The hotel may draw quite a few, but they are only working on approximately 70 rounds per day to make the courses pay - hardly likely to cause an unceasing backlog on the tee, one would have thought. As well, there will be certain times set aside for members only. I do wish, however, that they had released the current prospectus much sooner. Most attractive, to my mind, and would have done much to alleviate the uncertainty many undoubtedly feel. I have the fullest confidence in the people in charge of the project, even if one of them is a lawyer. They have answered immediately my most probing concerns in a straightforward manner. I wouldn't think 'struggle' is perhaps the correct verb - as I understand it, they have around 75% of the numbers needed to erase the debt incurred thus far, and construct the rest of the infrastructure, although obviously, the more the merrier. I find it amusing that The Heritage, a typically well-groomed but hardly inspirational Nicklaus layout, costs $30-35,000 to join, plus fairly extensive annual subs, is well regarded, whilst doubt exists about the previous model of St Andrews Beach.
All seems like a 'no-brainer' to me.
|
|
Richard, Welcome to ISG. It's a pleasant change to have an StAB member post without any reference to fruit. A couple of minor points - yes StAB is a bargain by US prices but last I looked it was 70 mins from Melbourne not 70 mins from New York. Perhaps a better comparison might be the Mornington Peninsula courses or the Sandbelt. We can argue about the value of a "Doak Course" but compared to it's competitors its very expensive upfront. In fact with somewhere like Woodlands asking around $5k to join and a little over $2k a year that 5.4% starts to look pretty good. However as you stated you can either pay up or not. Interesting your comment that they are 75% of the way there in terms of membership to cover costs. Given Mr Beach has stated that there are 300 members that would indicate that 400 is break even so around $20m is the magic number. From memory there are 1200 shares which would mean the developers are going to do very nicely indeed, in fact to the tune of $40m profit on a $60m income stream. Seems a shame they do use some of that future profit stream to build a permanent clubhouse now. Nothing wrong with turning a profit but a return of 66% when you get to keep title to the underlying asset is a pretty good deal. Lastly the 70 rounds a day rolls easily off the tongue but anyone familar with the Peninsula (and given you have been in the US perhaps we can excuse you) would know that in winter there are days when 4 people on the course is a big day and even mid week in November it can be very slow. In fact my concern, and I'd be grateful if you could ease it, is that with all the public courses within a kilometre or two, it might be very hard yards indeed. The Dunes, Moonah Links, Eagle Ridge (don't laugh, some punters love it), Portsea, Sorrento, the two at Moonah Links, two at Rosebud etc will all be competitors. Whilst you and I would much prefer to play on a "Doak" (I'm off to Barnbougle later today so I am a fan) 99% of the public are far less knowledgable. Let's not even start on the Eco Lodge when Cape Schanck Resort has changed hands more often than I have swaped drivers and Moonah Links did likewise last year. 70 rounds sounds easy until you look at the amount of competition and the likelyhood that the Doak name won't pull Joe Public as much as a "Thommo" that is home to the National Open. Again no one doubts the quality of the course and if it was anywhere other than in the middle of the most competitive golf market in this country then I'd think it had a good chance. Feel free to PM me and convince me otherwise. I somehow feel my "most probing concerns" may probe a great deal deeper than yours. JJ
|
|
However, if they are still around a hundred members off their target, that's $5 million or so - which is the cost of the permanent clubhouse. A permanent structure would be nice, but I think folly to construct until they do have more members, although undoubtedly pleasurable to have the entire amenity for only a few hundred members! The developers obviously stand to make a handsome profit, but then there is quite a deal of development in the project as a whole. The eco resort, carparks, roads -a vast and considerable expense - the enormous amount of vegetation removal required, as well as the various sporting facilities on offer will soak up quite an amount, I would think. I too had some concern about the resort numbers, competition etc, but this was explained to me satisfactorily. Moonah Links changed hands because they had to complete the development prior to the Australian Open being played there a few years back -2002? - and consequently, they had to borrow a large amount of money, which they then couldn't service. I had a brief look at the development, but it wasn't for me - too much housing, one nice but hardly earth shattering course, and one that could only be described as a monstosity. Yet, they have sold around 500 memberships, so clearly your rumination that 99% of public course golfers aren't that interested in design is one of substance, which wouldn't appear to augur well for StAB. The resort, though, if it comes to fruition as planned, will be an extremely exciting environment, and different, as well as superior enough, from its competitiors to prevail, although, of course, the hospitality game is one of the hardest around. I think the project will succeed, because, despite your/our assertion that most golfers won't be swayed by the Doak design/name, most would dearly love to play a Kingston Heath, a RM, a Victoria any chance they could, and the second course definitely has the potential to be up there with them, when the other developments nearby clearly aren't anywhere near that league. The seventy-odd rounds per day also includes members' guests on the Gunnamatta course, so the project isn't entirely reliant upon the success of the Fingal. My guess, however, is that the monthly fees, or a portion thereof, attached to the cheaper version of membership in the new prospectus, will always be used to underpin the costs of the development, as opposed to flowing into a future profit stream once 26,000 rounds has been passed. So there is security there, too. Hope this helps.
|
|
Richard, Good to read your thoughts, keep them coming.
JJ and Jim,
Also,
"Chapter 8 -Golf Architecture in Depression and War. Any thoughts anyone?
|
|
Jeffrey - my advice was if you want to play them then lease. No joining fees, no downside (or upside), no waiting lists - a great way to do it. And that applies to all of them with transferable memberships.
On the second point, even MacKenzie wasn't paid in full for
his work at Augusta from memory. But it is always "different
this time".
|
|
I understand it's not the reality of the market - but I looked through the weekend golf results in the Sunday Age today. For a state with 'so many great courses' it's astounding how much golf is played on Doak 2's,1's and 0's - when one considers Spring Valley ( in the top 20 of over 200) is a Doak 3. For two courses that are unqestionably 8's at least, it's astounding there is not a waiting list already - there would be if the measure of success of a club was the quality of the architecture It just goes to prove MacKenzie's view that 'the astounding thing about golf courses is that every man has an affection for the mud heap on which he plays' St Andrews will thrive at some point in it's history - no courses that good have not -even the blindest of golfers will realize it's fun golf and flock to it in time.
|
|
You are also paying money for something that you will never own, and not be able to sell. The bottom line is that if you are in position to be able to afford $50,000 for a golf club membership, you are not going to be concerned about the trifling sum of $2,500 or so per year in interest.
|
|
Mac, I agree that given time the two courses at St Andrews Beach will be a roaring success.
And hasn't Spring Valley been improved since Doak visited?
Richard, there will most likely be plenty to lease over time.
We've already had one advertised for lease on ISG. It is not
unusual for memberships to end up in the hands of people who
won't use them and want some return (suppliers, etc). I'm
sure you'll be able to fill me in on the details, but it may
be quite some time before they become transferable. If one of the
highflyers who doesn't care about money gets transferred to
London or New York, it will make sense to lease it out. And
whilst your experience sounds somewhat different to mine, most
wealthy people I know didn't get there by throwing away
trifling sums.
|
|
Jim Spring Valley is better - probably a 4 with a potential to get to a 5
If you asked most members though they would tell you it's
worse!
|
|
Doak rated Sandringham a 3 and SV is way ahead of that, so he got one wrong there (one way or the other). Today SV is probably a 4 to 5 but there's room for improvement and the club is moving in the right direction. It's a more interesting layout than a few of its more illustrious neighbours but architecturally a notch below with respect to several holes. At its current discounted joining fee, SV represents much better value to most golfers than StAB's $25K joining fee, similar yearly rates and $30 petrol (and an extra hour's driving) per trip to the Peninsula.
|
|
They still don't like the 10th?? What are they thinking. I think it compares very favourably with more famous short 3s on the Sandbelt such as Commonwealth 15, KH 10 and Metro 2.
|
|
A lot has been written on ISG about St. Andrew’s Beach Golf Club. Unfortunately way too little has focussed on the eighteen holes on the ground, and the eighteen to come. Through the last few years, Tom Doak has worked with Mike Clayton to build several courses in Australia (Barnbougle Dunes and St. Andrew’s Beach). Tom has also worked (alone) to build Cape Kidnappers in New Zealand. The Gunnamatta course at St. Andrew’s Beach looks like it has been on the ground for some time, and work is no doubt hoped to start on the St. Andrew’s Beach Fingal course in the coming months. Gunnamatta has seen limited members play for around half a year now. Doak has been the recipient of widespread acclaim following the opening of Barnbougle Dunes and Cape Kidnappers. Reviews of the Gunnamatta course will only enhance his standing in golf architecture circles. Doak was given an awesome piece of land on which to create a course, and he has exploited it to the fullest possible extent. Undulating, windswept sandy soil, within a drive and a wedge of the beach. The plot’s natural features have all been integrated; dunes, sand blowouts, ridges and other natural features are cleverly and artistically incorporated within the route plan. The natural, almost untouched appearance yet strong functionality of Doak’s bunkering has to be seen to be believed. His greens and immediate surrounds are creative, imaginative and individual, with good variety seen throughout the eighteen holes. Doak doesn’t stick to convention either, with the 452m par four thirteenth hole boasting a tiny green, and the short par four second featuring a large putting surface. The course boasts one of the best starting stretches one could ever enjoy. It opens with a genuine three shot par five, as is the case at Barnbougle Dunes. The hole plays from an elevated tee across a broad valley, to a beautifully situated green, over fearsome looking sand traps. The second, a short / driveable par four is a hole of high quality, and the long par four third, with its stunning green site, is perhaps the best hole on the course. The first one shotter of the day, the fourth hole, is a searching examination of long iron play. Playing into the prevailing wind, it is a daunting yet manageable hole of great natural beauty. Doak was faced with a myriad of sand dunes and small valleys in which par three holes might have been constructed. Assessment of the fourth hole and the other par threes on the course affirms that Doak chose correctly. The sixth is yet another wonderfully situated one-shotter. The green sits just beyond striking bunkering, and is far more generous and forgiving than appearances from the tee suggest. It is located within a string of holes that wind around and through the main (yet sparse) copse of trees on the property. Indeed, the sixth hole is wonderfully nestled within a small natural amphitheatre among the trees. A host of tees and green sites for holes seven through eleven are intelligently positioned in close proximity to the stand of trees. One ventures away and then back again, without a hint of confinement. One may draw parallels between Doak’s use of this natural feature, and the method in which Alister Mackenzie employed a lone hill on the Royal Melbourne property to add excitement, challenge, beauty and drama to the string of holes 3 – 6 on the West Course. The middle stretch of holes of the Gunnamatta course is characterised by a number of wonderful design features such as a front to back sloping green, a punchbowl green, beautifully constructed false fronts, great fairway bunkering and greenside shaping, and superb strategic elements. The twelfth hole typifies that this course is ‘one with the lot’. When standing at the tee and surveying the green site in the distance, one is naturally drawn to the direct line at the flag. Ample fairway exists to the left of the ‘line of charm’, and the prudent decision to aim left, away from the instinctive target, is rewarded with an easier approach. Those playing at the flag appreciably shorten their approach, yet must negotiate fearsome greenside traps and a green surface which slopes away from them. The round builds nicely in rhythm, as the second nine draws to a close. The driveable par four fourteenth is a dramatic hole, which could see any score from 2 to 8. The fifteenth is a subtle hole, which gently bends around a stately hill, to a beautifully uncomplicated green. The hole will be a birdie chance with a southerly, yet a tough, blind mid-iron / long iron approach into the hot summer northerly winds. Played from the pegs, the closing four holes prove a searching examination, both of shot execution and decision making. The chance to make up a shot or two on an opponent lies in wait, especially at the devilishly guarded and tilted green of the par three sixteenth. The delightful diagonal fairway bunkering on the home hole provides the final hurdle to posting a good score. Gunnamatta’s routing changes direction many times and features the great mix of short and long holes, as well as a mix of holes of varying difficulty levels. All use the natural terrain and prevailing winds extremely well. The par three holes are oriented to four distinctly different compass points. As is the case with Barnbougle Dunes, Doak’s love of the short par four is evident, with several such holes of great quality sprinkled throughout the round. Doak has intelligently provided a number of bunkerless green sites, building challenges into the short game in a myriad of other ways. Doak’s philosophy on the use of short grass as an extremely effective ‘hazard’ of deceptively benign appearance is well recognised. This theme is evident at many green complexes throughout the Gunnamatta course, perhaps most noticeably the ninth, tenth and seventeenth holes. Doak has smartly surveyed the magnitude of winds on the Mornington Peninsula, their predominant directions and also their changeability. The course is eminently playable, offering enough width for the windiest of days, and the most erratic of swings. Course conditions currently are very sound, with greens, fringes and tees all looking very good. Fairway grasses are gradually developing, and the two-grass policy boasting legend and fescue will no doubt prove fantastic with full fairway maturity. Doak’s portfolio of course design now includes (among others) Apache Stronghold, High Pointe, Stonewall, Lost Dunes, Pacific Dunes, Texas Tech, Cape Kidnappers, Barnbougle Dunes, and St. Andrew’s Beach Gunnamatta course. He’s consulted to Pasatiempo and a host of others. The best of these courses certainly deserve their positions within the upper echelons courses in world golf. I suspect St. Andrew’s Beach is not far off Doak’s best work. Indeed, of his three recent creations in the southern hemisphere, Doak nominates the Gunnamatta course as the one he would prefer to play every day. Ranking lists will no doubt feature Doak’s Gunnamatta course within the top half dozen in Australia. While there will be disgruntled members of nearby clubs, and some clubs within the sandbelt, who have their own courses knocked down a ranking peg or two, such a result is more than justified. Doak has created another wonderful eighteen hole layout with no weaknesses, and stunning crescendos. As Andrew Beach would say – find a member and get a game. Don’t turn down a game at St. Andrew’s Beach. It might be one of the best places you get to play. Matthew
|
|
MM
|
|
MattM, Where does it rank and what are the yardages (Matt Ward may be lurking)
|
|
G69,
Doak worked without Clayts in Cape Kick in the knackers.
You're right. Jack,
I'll bring the card to your place. I'm assuming you
invited Matt Ward? MM
|
|
Matty,
No way would any of the mags come out with only one Sydney course
in their Top 10. That would put the place on a par with Bridport
as a golfing destination JJ
|
Pages: 1 2 3 4 5 6 7 8 9 10 11 ... 21