Clubhouse legends: Why a share in this golf club recently sold for $74,000
Sydney Morning Herald
by Sam McClureFebruary 14, 2026
AI-Generated Deep Dive Summary
The National Golf Club on the Mornington Peninsula is renowned for its exclusive membership model, where shares are bought and sold like stocks. Recently, one such share fetched a staggering $74,000, highlighting the club’s unique appeal as a luxury golfing destination. Nestled on Victoria’s iconic Cape Schanck, The National offers four meticulously maintained courses, including the Gunnamatta course, which is celebrated for its breathtaking coastal views and challenging layout.
The club’s reputation extends beyond its golfing excellence. It boasts a diverse membership of influential figures from business, sports, and culture, all drawn to the privacy and exclusivity it offers. Anecdotes about famous visitors, such as AFL coach Alastair Clarkson, illustrate the club’s elite status. Stories like Clarkson using the facilities during renovations add charm to its legend, though the club maintains strict rules about member-only spaces.
The National’s business model sets it apart from traditional golf clubs. Instead of a fixed membership fee, members purchase shares that can be traded on a fluctuating market. This flexibility, combined with access to world-class courses and exclusive events, makes The National one of Australia’s most desirable memberships. Its recent $9.3 million redevelopment of the Long Island course further cements its position as a leader in luxury golfing experiences.
For readers interested in elite lifestyles and high-end business models, The National Golf Club exemplifies how exclusivity and excellence can drive demand. Its unique share system and prestigious membership base make it a standout in the world of luxury sports clubs. Whether for networking opportunities or unparalleled golfing experiences, The National continues to attract the wealthy and influential, solidifying its place as a global leader in private club culture.
Verticals
worldaustralia
Originally published on Sydney Morning Herald on 2/14/2026