With China closing its industries Australian business are doomed unless in the next two months they find a cure for the Corona virus , The owners of yachts are finding it hard to sell their yachts now .
I feel there is going to be a fire sale in the next 6 months , it's sad but the owners of these yachts which have been up for sale for the last 12 months are never going to get the money they are asking , get rid of them now while you have some sort of a chance.

What a joke....go back to your 24hr news feed...

Zzzzzz said..
With China closing its industries Australian business are doomed unless in the next two months they find a cure for the Corona virus , The owners of yachts are finding it hard to sell their yachts now .
I feel there is going to be a fire sale in the next 6 months , it's sad but the owners of these yachts which have been up for sale for the last 12 months are never going to get the money they are asking , get rid of them now while you have some sort of a chance.

It's been happening for the last 3 or 4 weeks, well before the virus dominated the news. The lowering of the interest rates to 1/2 a per cent has merely accelerated things. There are some excellent boats going cheap and a few oddballs that will be hard to move. There are plenty of boats selling though and the people with money are snapping up bargains. Two SS34's sold this week! One-offs and oddballs are not going anywhere. Some days there are 3 pages of new adds on Gumtree for yachts. Not just yachts, interesting cars are being unloaded too. Mate buys and sells trucks and diesel engines have not had any phone calls for weeks.

The market for yachts does not exactly follow the rules of economics, because there are relatively few transactions. High prices set by brokers fool many people into believing that that is the correct price. It sometimes is, if the buyer has not done their research.
In the Sydney area, with the high running costs, I can see many fixer-uppers being scrapped when the recession hits. Whats that? I hear the youngsters cry. Like Paul Keating said, the recession we had to have. So yes, the prognosis for reduced prices is more than likely.

I think prices will soon start to firm up as people realize that with the low dollar imports, and that's yachts, motors and gear, will be a lot more expensive so that it will be cheaper to buy a second hand yacht that's in good order and not requiring much to be updated.

I've actually started to see this with entry level Top Hats.

nswsailor said..
I think prices will soon start to firm up as people realize that with the low dollar imports, and that's yachts, motors and gear, will be a lot more expensive so that it will be cheaper to buy a second hand yacht that's in good order and not requiring much to be updated.

I've actually started to see this with entry level Top Hats.

Just picked up a compass 28 for $6000 your right Phil things are looking up.

Zzzzzz said..

nswsailor said..
I think prices will soon start to firm up as people realize that with the low dollar imports, and that's yachts, motors and gear, will be a lot more expensive so that it will be cheaper to buy a second hand yacht that's in good order and not requiring much to be updated.

I've actually started to see this with entry level Top Hats.

Just picked up a compass 28 for $6000 your right Phil things are looking up.

I sold a compass 28 a few years ago for $5500 , looks like they are appreciating

yachthub.com/list/yachts-for-sale/used/sail-catamarans/lagoon-42/244022

Well im not going to hold my breath for the price on this to plummet

cisco said..
A Lagoon 40 in Bundaberg insured for $900,000 was bought from the insurance company about 12 months ago for $25,000.

Where are these insurance yachts advertised?

Zzzzzz said..
With China closing its industries Australian business are doomed unless in the next two months they find a cure for the Corona virus , The owners of yachts are finding it hard to sell their yachts now .
I feel there is going to be a fire sale in the next 6 months , it's sad but the owners of these yachts which have been up for sale for the last 12 months are never going to get the money they are asking , get rid of them now while you have some sort of a chance.

All things have a beginning and a end.
One day COVID 19 will be history and people spirits will rise again.

Magpieuser said..

Bundeenabuoy said..

Zzzzzz said..
With China closing its industries Australian business are doomed unless in the next two months they find a cure for the Corona virus , The owners of yachts are finding it hard to sell their yachts now .
I feel there is going to be a fire sale in the next 6 months , it's sad but the owners of these yachts which have been up for sale for the last 12 months are never going to get the money they are asking , get rid of them now while you have some sort of a chance.

All things have a beginning and a end.
One day Facebook will be history and people spirits will rise again.

Fixed!

If only it were so.

China has COVD 19 under control with only 20 new cases a day and the majority of those infected now well. I wouldn't be surprised if China trade is not not back to normal in 2 or 3 months time.

Magpieuser said..

TKNick said..
China has COVD 19 under control with only 20 new cases a day and the majority of those infected now well. I wouldn't be surprised if China trade is not not back to normal in 2 or 3 months time.

I'd be disappointed if it wasn't back to normal in weeks.

But yeah surely in 2 to 3 months China will be powering along again worst case scenario.

glad you think so . nice to here some happy thoughts . but i dont think we have ever heard the truth about this situation .

SandS said..

Magpieuser said..

TKNick said..
China has COVD 19 under control with only 20 new cases a day and the majority of those infected now well. I wouldn't be surprised if China trade is not not back to normal in 2 or 3 months time.

I'd be disappointed if it wasn't back to normal in weeks.

But yeah surely in 2 to 3 months China will be powering along again worst case scenario.

glad you think so . nice to here some happy thoughts . but i dont think we have ever heard the truth about this situation .

On the news tonight, the Chief Medical Officer for NSW said 1.5 million people are expected to catch the virus in our state.
If one percent of these die, that's 1500 people in NSW.
Am I right?

TKNick said..
China has COVD 19 under control with only 20 new cases a day and the majority of those infected now well. I wouldn't be surprised if China trade is not not back to normal in 2 or 3 months time.

China may decide not to deal with us or the rest of the world until it is over.
Everything's on the table.

On the news tonight, the Chief Medical Officer for NSW said 1.5 million people are expected to catch the virus in our state.
If one percent of these die, that's 1500 people in NSW.
Am I right?

No