Frequently Asked Questions About Yacht Sharing
Considering a yacht share? You’re not alone—and you’re not short on questions either. From licensing to costs and resale, co-ownership raises a few valid queries. Here, we break down the most common ones to help you understand the finer points of shared yacht ownership—so you can spend less time wondering, and more time cruising.
Are Boat Shares Worth It?
Absolutely—if your goal is lifestyle, not financial return.
Yacht shares aren’t designed to generate profits like a traditional investment. Instead, they offer an affordable gateway into luxury boating. By splitting the cost of purchase, maintenance, and berthing with other like-minded owners, you gain access to a high-end vessel without the full financial burden or hassle of sole ownership.
Put simply: you enjoy all the perks of having your own yacht—without the headaches.
Do I Need a Boat Licence in Australia?
Yes, you do—but the exact requirements depend on where you’re boating.
Each Australian state and territory sets its own rules for recreational boating licences. Generally, if you're operating a vessel with a motor above a certain horsepower or speed capability, a licence is required. Most yacht syndicate operators (including us) will confirm your licence during your onboarding process to ensure you're all set to skipper safely and legally.
Tip: If you’re not licensed yet, getting one is simple and usually involves a basic knowledge test and a short practical session.
What Is the “10% Rule” in Yachting?
It’s a rule of thumb that helps owners estimate running costs.
The “10% rule” suggests that the annual upkeep on a yacht can cost around 10% of its purchase price. For a $1 million vessel, that’s roughly $100,000 per year in operating expenses—including maintenance, insurance, servicing, and berthing.
In a yacht share arrangement, that cost is split. Own 10% of the yacht? Expect to contribute around 10% of those ongoing expenses—around $10,000 annually, subject to usage and vessel type.
Can I Sell My Yacht Share?
Yes. In most syndicates, you can sell your share at any time.
You’re free to list your share when it suits you. Most operators (like Neptune Oceanic) will even help market the share to qualified buyers and manage the sale process for a small commission. New owners typically need to meet basic criteria and attend an induction before joining the group.
Just be sure to check your agreement for any notice periods or transfer fees before listing.
What If the Yacht Needs Major Repairs?
You won’t be left footing a surprise bill.
Neptune Oceanic co-ownership agreements cover all unexpected repairs and maintenance. Not all yacht shares are created equal. If you want to know exactly how much your yacht maintenance will cost for peace of mind, then we’ve got you covered. Don’t end up on the receiving end of endless poor maintenance only to find yourself footing the bill for major repairs. Neptune Oceanic is incentivised to keep the vessel in the best condition possible to avoid unnecessary further repair bills as its all covered by Neptune Oceanic.
In the event of a major incident, you’ll typically only be liable for your insurance excess. The rest? Covered—so the yacht stays in top shape, without financial strain on individual owners.
Ready to Set Sail?
Yacht co-ownership takes the guesswork out of boating. Whether you’re curious about licensing, costs, or how it all works, Neptune Oceanic is here to make it smooth, transparent, and enjoyable.
Have more questions? Get in touch with our team—we’re always happy to chat boats.