http://www.gumtree.com.au/s-ad/keppel-sands/sail-boats/george-mottle-33/1086458644
WOW!!
Now if I hadn't brought my Etchells and my missus hadn't spent exactly this much on a horse......
Anyone want to buy a horse................
I'll keep the Etchells for racing ;)
Excellent buy and well equipped with the essentials. I can guess the story here. Make sure your missus really wants to live in a hot smelly fibreglass boat before you head North.
It looks like it is anchored up the Fitzroy River somewhere. I don't think there is sufficient water to get into the inlet at Keppel Sands.
If it is up Cawarral Creek her keel must have dug a hole in the mud. Most boats that get up the Fitzroy River never get out again and it is like an oven in the town reach in Rockhampton in summer. It would be physically impossible to live on board a boat there.
The problem with the plethora of bargain priced boats on the market is that they have saturated the market and are in actual fact of no value. The cost to scrap is in excess of any recoverable in the lead keel. They simply sit and rot and further depress the market. That will have a severe negative impact on the offers forthcoming for boats that might be in a fair condition and also for those in excellent or restored condition.
All prices are severely depressed as a result.
Only winners are the likes of Cisco who appears to have bought the in the bracket of best value for money, as in no necessity to spend on big ticket items. Most importantly he is not going to drop a bundle (which he would if forced to sell the boat tomorrow) by keeping the boat for life.
If your purchase is with the thought of moving the boat on in the near future and recovering anything on additional spend on the boat then now is the wrong time to buy.
I think this is the future and not a trend. The problem is fibreglass boats have a very long life and there is only so many buyers. Steber found this out with their power boats. The market is soon saturated and while all those perfectly serviceable secondhand boats are out there they can not sell new ones. Been like that in the States for years where people donate their boats to get a tax break as the only way to get some money back. We wont see that here but we will keep seeing some really cheap boats.
Carter 33 anyone? http://www.ebay.com.au/itm/Carter-33-sail-boat-Yacht-/271954124802?hash=item3f51baa002
Select to expand quotefrant said..
The problem with the plethora of bargain priced boats on the market is that they have saturated the market and are in actual fact of no value. The cost to scrap is in excess of any recoverable in the lead keel. They simply sit and rot and further depress the market. That will have a severe negative impact on the offers forthcoming for boats that might be in a fair condition and also for those in excellent or restored condition.
All prices are severely depressed as a result.
Only winners are the likes of Cisco who appears to have bought the in the bracket of best value for money, as in no necessity to spend on big ticket items. Most importantly he is not going to drop a bundle (which he would if forced to sell the boat tomorrow) by keeping the boat for life.
If your purchase is with the thought of moving the boat on in the near future and recovering anything on additional spend on the boat then now is the wrong time to buy.
I think you are right there frant. If I had to sell right now I would probably drop big dollars particularly as I am in the middle of a minor refit and the boat does not present well at all. I would be more inclined to haul her out and put her in my back yard to wait for when my son would be ready to go sailing. There is an Endurance 35 and a Citation 34 in two backyards here. No doubt there are others.
My saving graces are the minimal costs I have of keeping her here and my satisfaction with the yacht that precludes me from wanting to sell or upgrade.
I dropped a big bundle when I sold my Van De Stadt 34 to the yard in Maryborough for $300 but it did stop the monthly rent bill after 7 years of it. I would say that is the situation with the guy with the Carter 33 at Hastings in Vic. Cutting his losses.
Buying and fixing yachts for fun and profit is a thing of the past.
Buying and fixing yachts for fun yes it still happens for me anyway
well just one will do me. The profit part goes to the marne industry
When the new rules for parking boats on the streets starts to bite in NSW we can expect to see even more ridiculous prices for trailer sailers on the market.
