Boat Sales
Submitted by Jackfrost80 on Fri, 2023-03-24 08:32
Is it just my imagination or has there been an influx of boats being advertised on FB at the moment with prices pulling back toward semi-realistic? I drive past Boat City on the way home and have watched their yard go from full in 2019 to empty during Covid and now is filling up quickly... with some nice boats too.
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Officially off the Pies bandwagon
tcarroll
Posts: 268
Date Joined: 17/12/13
Agreed
I have been keeping an eye on tinnies as thinking of picking one up for beach launching and remote camping etc and have certainly noticed a significant drop in prices in the last month or 2. It's a welcome change from scoffing at the price tags on boats over the last couple of years!
Swompa
Posts: 3893
Date Joined: 14/10/12
I have noticed a bit of a
I have noticed a bit of a drop in the higher end ones too.
We are still looking in the 6.8-8m range and there are plenty 'reduced' on boats online.
Good for me.
Ericl
Posts: 473
Date Joined: 02/05/11
want a small boat as well
My son is also looking for something small. Squidding and crabbing. Much easier in a small boat than my 7.3 metre
Don't spend all your money on beer, boats, and fishing. Save some to spend foolishly
Bodgy 79
Posts: 287
Date Joined: 04/08/22
I advertise mine a week
I advertise mine a week before Xmas thinking it might get tuff to sell due to the new regs ect and have to make room for the new one.I was wrong,phone started within minutes of the ad going live and sold that same day at my asking price.Even had dealers wanting it.
Interest rates starting to play a part in the markets maybe
Pete F
Posts: 310
Date Joined: 07/01/18
I was looking today and saw
I was looking today and saw the same thing. I hadn't looked for a while because the prices were to crazy to contemplate. New price still up there though.
Cheers
Willy
Posts: 219
Date Joined: 10/04/08
Additionally
I drove past some car yards today and noticed that they are now full, like, really full.
Might be a sign of the times
Willy
Jarrahland
shortfuse
Posts: 211
Date Joined: 02/01/12
Interest rates are starting
Interest rates are starting to bite, seeing more boats 4x4s caravans on the market .Plenty of people starting to feel the pain with be some bargains to bee had if you have the spare cash
davewillo
Posts: 2410
Date Joined: 08/09/16
A mate owns Explorex
A mate owns Explorex Caravans and they are still selling bloody well. They sell a lot to the mining industry but the retail sales are strong too.
PGFC member and lure tragic
hairyhaggis
Posts: 36
Date Joined: 06/04/18
Hopefully will happen with
Hopefully will happen with cars and 4wd as well. With rising interest rates, high inflation, and wages that have been stagnant for the last 8 years, I wonder how people actually afford these things.
sea-kem
Posts: 15002
Date Joined: 30/11/09
They don't, big loans that
They don't, big loans that they won't be able to service soon.
Love the West!
Swompa
Posts: 3893
Date Joined: 14/10/12
We looked at a boat on the
We looked at a boat on the weekend and the dealer claim that the big crash is 12 months away but they say that big boats will still retain.
There was a 7.1 in Karratha that sold in 2 days over the weekend for $98k
There was a 7.2 in Albany that sold in 24 hours over the weekend for $80k.
Boats for the right price go straight away. Gotta have the cash ready to go.
Mine is for sale for $15k and someone wanted to pay me a holding deposit yesterday just so they can look at it on friday.
Bodgy 79
Posts: 287
Date Joined: 04/08/22
I paid the crew a visit that
I paid the crew a visit that are building my boat on Saturday,said there orders haven't really changed so far.The tyre kickers have stopped though
pelagicyachts
Posts: 1322
Date Joined: 23/02/11
Higher rates and offshore
Higher rates and offshore bank instability - not good, when you have US banks failing (have they learnt nothing from the GFC?) and one of the biggest banks in the world (Credit Suisse) and now Deutsche Bank are under scrutiny by investors things go to sh1t pretty quickly - the problem for Australia is we as a country borrow more than we save, so yep we have to source funds offshore and if those funds are more expensive because of bank failures you can guarantee the domestic banks will put up their rates.
I am an optimist (no really i am!) but there are some dark clouds coming - the good news (wait ...) is that as we are near full employment globally it is likely that there will be a "soft landing" -
Either way, fk economics -buy the boat you want, life is short :-)
Jackfrost80
Posts: 8148
Date Joined: 07/05/12
I am keeping my eye on the 6m
I am keeping my eye on the 6m range market. There’d be a LOT of families who accessed their mortgage at 1.7% bought a boat for their trip to Coral Bay rather than their Bali trips, came back to Perth and realised that it takes a fair bit of effort to find decent fish and the Govt have brought in the 6 month ban in the meantime. Once everyone is back onto variable rates I reckon there’ll be a strong trickle and then as people start getting less and less for their boats FOMO will kick in and others will rush to get their boat on the market before prices plummet too much.
Officially off the Pies bandwagon
davewillo
Posts: 2410
Date Joined: 08/09/16
I think you're a chance
I think you're a chance Frosty. I don't expect there market will be flooded with cheap boats but with the likely increase in supply of secondhand boats, and a corresponding decrease in demand as people tighten their belts, logic suggest you'll get better value.
PGFC member and lure tragic
Swompa
Posts: 3893
Date Joined: 14/10/12
"The only problem I see time
"The only problem I see time and time again is that a lot of people fit a boat out with the smallest outboard and the electronics leave a lot to be desired i.e. they’ve just spend $100k on a boat and then put a $500"
Depends what you're after Frosty.
We are looking to spend similar amount on the boat as above and i dont really give a rats what sounder is on it. A boat we are trying to line up for has a great set up on it but we are after the hull, style, age, and weather or not we can turn it into a caravan or not and do some of the stuff Ranmar has done (launch in Denham and spend a week putting around Shark Bay. Demersal fishing is 20% of what I want to do in it. Catching squid and potentially crays is 30% and the remainder if family stuff such as snorkeling and camping on it.
Bodgy 79
Posts: 287
Date Joined: 04/08/22
Exactly 12 months ago the
Exactly 12 months ago the outboard was ordered for mine,to increase hp from 175 - 200 was $1050. A no brainer imo
Brock O
Posts: 3233
Date Joined: 11/01/08
Recon you could be onto
Recon you could be onto something there jack, and good luck with the sale Swompa.
Dont understand peoples thinking on that, would rather outlay and go higher HP, top of range sounder than to pull up and try save a few dollars on these two.
Hate it how our interest rates are affected by US bank issues. Sure there's some doing well and spending on luxury items here, but a lot are doing it hard.
pelagicyachts
Posts: 1322
Date Joined: 23/02/11
our interest rates in Aust
our interest rates in Aust are moving up based on the Reserve Bank increasing interest rates to try and slow inflation - its a blunt instrument to use as:
*inflation is caused by many factors - fuel price going up (Ukraine war), supply chain problems, increased spending as a result of previously low interest rates
* increasing interest rates will slow inflation but slowly as only affects 1/3rd of the population, and of those 1/3rd most are not contributing to the problem
As blow up of offshore banks will increase rates on top of this- so not great, but the RBA will respond to this by cutting rates (but by then it is normally to late for some)
pretty average situation :-( - the real answer to slow inflation is to leave interest rates and increase GST (user pays) - but that to comes with its own set of problems and the biggest being no political parties could agree to do it
Brock O
Posts: 3233
Date Joined: 11/01/08
Very true, spending is forced
Very true, spending is forced up in most case...revolving circle. The main ones profiting from the war, OIL & Gas company's and the fkn banks.
Our banks borrow also, so when there rates go up they push this on us ha ?.
Swompa
Posts: 3893
Date Joined: 14/10/12
That last line is spot on!
That last line is spot on!
Bodgy 79
Posts: 287
Date Joined: 04/08/22
Some economists say big
Some economists say big business with near record profits are contributing 2/3 to rising inflation.Jack up there price because of supply shortages and just cos they can to recover from the pandemic
RBA predicts big wage growth due to big profits but big business doesn't pass it on in wage growth they keep it.RBA still increases interest rates anyway to take away pretty much every Joe Blogs disposable income to stem demand.
Then there's boofhead Scomo and his box head mate with the incentives and wavers ect to help home Byers take out loans they can only really afford due to historical low rates,also adding the rates will stay low for somtime to come.( these two really need a kick in the ass )
As pelagicyacht mentioned the blunt method from RBA is to try bring inflation back down with the mortgage holders footing the cost,even if it means some to loose everything from no fault of there own.Most investors are safe as they can increase rent ect and big business continues with there huge profits
I'm not an economist just a mechanic so happy to be corrected on this,but that's the way I understand it this time round.
hairyhaggis
Posts: 36
Date Joined: 06/04/18
Prime example being Qantas...
Prime example being Qantas... bailed out during the pandemic by the gov, then as soon as everything opens, the prices of flights are ridiculous. Not to mention offshore maintenance, planes being turned back quite frequently, planes diverting, cancelled flights, no baggage handlers... list goes on. And then they had the balls to annouce "record profits". The sooner they fuck that greedy little Joyce off the better.
dodgy
Posts: 4578
Date Joined: 01/02/10
As always it's those that
As always it's those that can least afford it that get screwed the most.
Those that struggled to put together a house deposit now face rapidly rising costs.
Those that are renting are feeling the pressure of rapidly rising rental costs.
Does anyone know where the love of god goes, when the waves turn the minutes to hours?
Jackfrost80
Posts: 8148
Date Joined: 07/05/12
Probably the same ones that
Probably the same ones that accessed $20k each from their Super over two FYs and blew it on jetskis, 4WDs etc pushing up inflation and are going to get stung again in 30-40 years time when they retire.
Officially off the Pies bandwagon
Brock O
Posts: 3233
Date Joined: 11/01/08
I was one of them...me and
I was one of them...me and wife took advantage of that, pulled 10K each and got the wife a new car while we could, no additional loan or interest to pay and got top dollar selling her 2007 Mazda.
Weird thing I found was my super jumped 70k in 2021...amazing, middle of covid when everything was dead....yet 2022 when everything is taking off again the super gained zero.
How the FK does that work..
Jackfrost80
Posts: 8148
Date Joined: 07/05/12
That's a smart way to make it
That's a smart way to make it work for a household need so long as you had plans on how to pay it back. I tried to get the Mrs to access hers to paydown our mortgage $10k and I would then chock up mine at an extra 6٪ matched 6% by my employer so would have effectively only had to pay back $5k. Ended up giving up trying to explain how it'd all work.
Officially off the Pies bandwagon
dodgy
Posts: 4578
Date Joined: 01/02/10
My wife's reasoning was they
My wife's reasoning was they can change the super laws at any point so may as well pay down debt.
I think if you are relying on super to fund your whole retirement you will likely be disappointed by the lack of financial freedom when the time comes.
Personally I changed employers a few years ago and it's suprising how well a bit of negotiation can do to the super balance.
Does anyone know where the love of god goes, when the waves turn the minutes to hours?
Jackfrost80
Posts: 8148
Date Joined: 07/05/12
Agreed on that. My old man
Agreed on that. My old man bangs on about Super like it's the be all and end all. I'm putting in a little extra at 2% matched 2% but my primary focus is being mortgage free in 12-15 years max.
Officially off the Pies bandwagon
Swompa
Posts: 3893
Date Joined: 14/10/12
My old man was quite
My old man was quite dissappointed about how difficult it was to use his super so he works for three months which gives him his play money for the remainder of the year, along with drawing on his super.
davewillo
Posts: 2410
Date Joined: 08/09/16
I work in the land/housing
I work in the land/housing industry and understand why the Federal govt simulus was introduced. Everyone was shitting themselves about Covid and what the future looked like, and hosuing is a big part of the economy. The state govt stimulus however made no sense at all, as things were already taking off. Even from within we were scratching our heads and saying this was just going to overheat the building industry and lo and behold - this is what we got! The only sensible explanation is that there was an election coming, which Labor were clearly going to win. I think they just wanted to put the Libs to the sword and wipe out any genuine opposition for several terms. Make sure that Marky Mark went down in history!
It is sad to see people's hopes and dreams go up in a cloud of Reserve Bank bong smoke. Yes, everyone is responsible for their own decisions but when the RBA tells a generation who have never seen interest rate rises or any meaningful inflation that things were looking rosy until 2024, they are going to listen. For me, when Lowe said that in 2021, I locked in my interest rate at 1.89% until 2024 because it was never going to last forever. Maybe a bit smart, maybe a bit lucky, probably a bit of both. I know a lot of real fat cats around town and let me tell you, they aren't cancelling their orders for Lamborghini's, selling their Eagle Bay "beach houses" or staying in Australia for the European summer! I do however know hardworking people who are opting out of health insurance and trimming other "unnecessary" costs to make ends meet. I don't begrudge people making a lot of money but I do feel for the rest of us who cop it up the arse when the RBA pulls the only lever they really have. Can't we do better?
PGFC member and lure tragic
Rob H
Posts: 5806
Date Joined: 18/01/12
Rather than just giving that
Rather than just giving that money away to people it should have been used to build public housing.
Same affect on building industry but the housing produced belongs to the people not individuals.
And would have helped with this rental crisis.
Give a man a mask, and he'll show you his true face...
The older you get the more you realize that no one has a f++king clue what they're doing.
Everyone's just winging it.
Piggy
Posts: 553
Date Joined: 24/08/12
Boat prices still insane
Yep boat prices still insane.
Im actually considering advertising my big boat at an inflated price to see if it sells. If it does then I will also sell my smaller boat and build 1 boat in between - Around 6.5m
Im real happy with my boats, especially after doing all the work to them to get them to where they are but Id prefer to have a 6.5m thats easy to manage and does the job of both boats haha
I go boating not fishing
Bodgy 79
Posts: 287
Date Joined: 04/08/22
Should hop on it mate,I
Should hop on it mate,I ordered mine Easter last year and was told last week I should have towards Xmas coming
Swompa
Posts: 3893
Date Joined: 14/10/12
Sold my boat this morning
Sold my boat this morning after advertising it on Sunday. First person to look at it.
Purchased a boat yesterday...
Its all happening
sea-kem
Posts: 15002
Date Joined: 30/11/09
Good news Paul, great all
Good news Paul, great all rounder that boat.
Love the West!
Swompa
Posts: 3893
Date Joined: 14/10/12
One brought a tear to the eye
One brought a tear to the eye as the glass boat had been with the family for 24 odd years. The other will bring a tear to the bank account but it will be our Abrolhos trip boat and beyond.
davewillo
Posts: 2410
Date Joined: 08/09/16
Great news Paul! Not
Great news Paul! Not surprised that all your hard work paid off with the sale. Look forward to hearing about the new expedition machine!
PGFC member and lure tragic