twodogs1969 said..
http://www.gumtree.com.au/s-ad/keppel-sands/sail-boats/george-mottle-33/1086458644

Two dogs has found a bone
To me th9is os the sort of boat a few mates should buy as a share boat if they don't have the spare time and cash and some where to go for a week or two winter holiday each

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.

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.

Ramona said..
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

Do you think at some stage Australia may have a yacht wrecking yard to sell off second hand boat parts eg motor gear boxes spars winches furlers ect? old wood trim

frant 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.

Ramona said..
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

We already have the giving it away for a tax break here. Sailors with Disabilities have been gifted a Hanse 54 and a TP52 as it was the best return the owners could achieve.
I think prices have risen a bit in the last 6-12 months. Where before you could get a good ocean going ready yacht for $30K or so, now I think it is closer to $50K.
The rubbish is and will always be at give away prices. It cost too much to fix one up. Yes you can do a bit of polishing and repair yourself but rigging, winches, stoves, tanks, engines, props, sails and electrics all cost even if you do it yourself.

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.