Who is going to buy our yachts and at what price?

[harrytom 642]

just came through on T/M as an offer of $169k,still way too much

Been relisted now $149k

[ScottiE 174]

keep grumbling here and it might drop even more!

[mattm 98]

Looks like he hasn't made any effort to change the designer / launch date mistake.

Perhaps the correct info is that, in 1990, it had a custom new keel built, which was designed by Farr and built by Franklins, and the seller has confused that with the boats launch date and designer. 2.8m is a deep keel.

[Elenya 33]

I seem to recall this yacht running aground at the entrance to Tory Channel and removing the keel, before sinking? I was living in Wellington at the time at Chaffers Marina and recall it being missing from the berth for a wee while. Anyone else remember or is my memory of target?

 

cheers

[grant 40]

I seem to recall this yacht running aground at the entrance to Tory Channel and removing the keel, before sinking? I was living in Wellington at the time at Chaffers Marina and recall it being missing from the berth for a wee while. Anyone else remember or is my memory of target?

 

cheers

that was called "Cervantes" was also last yacht seen tied up to Thorndon pile light before the pile fell over. had some major work after ding at Tory.  which would tie in with getting the work done at Franklins, was that late 1990's?

[Frank 157]

Well I know one person who wont have to worry about who will buy their boat because I just bought it, its a Wauquiez Hood 38. 

Sorry but I cant work out how to post a picture, should be an interesting vessel the idea is to take her offshore in about 2 yrs.

So they do sell

[muzled 140]

Nice.

 

I was talking to a guy on our pier with a 36'er the other w/e, wished I'd asked him if I could jump on and take a nosey.

 

He'd headed back to the UK a year or so back, went out to the Chathams for a week and then his motor blew up as he left so he had to spend two weeks punching into the wind to come back here.

[Bad Kitty 252]

Well I know one person who wont have to worry about who will buy their boat because I just bought it, its a Wauquiez Hood 38. 

Sorry but I cant work out how to post a picture, should be an interesting vessel the idea is to take her offshore in about 2 yrs.

So they do sell

Well done, enjoy!

[Elenya 33]

that was called "Cervantes" was also last yacht seen tied up to Thorndon pile light before the pile fell over. had some major work after ding at Tory.  which would tie in with getting the work done at Franklins, was that late 1990's?

Yes thanks Grant that was it.

 

Nice boat Frank, enjoy.

[Frank 157]

Is this her? Thats a lot of boat.. congratulations

[Frank 157]

Yep that's her, Chrs for the kind words.

[Frank 157]

Nice.

 

I was talking to a guy on our pier with a 36'er the other w/e, wished I'd asked him if I could jump on and take a nosey.

 

He'd headed back to the UK a year or so back, went out to the Chathams for a week and then his motor blew up as he left so he had to spend two weeks punching into the wind to come back here.

Mmm that would have got tedious quite quickly 

[John B 106]

I'm sitting in Viani bay in a 1975 Davidson 4 skin kauri boat .We've been cruising with a Whiting 47 from the same period,A lotus 1280 and a 40 ft Beale from the 80s .

They're all doing a very nice job of it, quick enough when you want it on passage and generally just being as good as boat can be for its purpose.That Beale loaded to the gunwale is chopping off 180 185 mile days as regular as clockwork.

And like a classic car there's an intrinsic value plus the scantlings to die for which defies monetary value.

[Myjane 40]

But it all comes down to the cost of running it , the marina puts many off buying , the haul out fees , the paint content , all goes against the investment , and taints the excitement, so the boats are slow to sell and very negotiable, the weather is crap , , campervans in this country are on an up , easy to store at no cost ,, at home ,, cheep to run , and the wife's are more interested than boats in cases , lots of boaties turn to that way of life away from the other , the 80s class boats are struggling to hold price over age , condition , new motors , rigs , paint jobs all against them now , a 9.2 25 k up , a 10.6 45 k up , a 1020 struggling at 60 k maby , 1220 over priced against the benes , and alike wich are lovely boats , and real value for dollar , when I moved to gh 20 years ago my boat was worth 65 k. The Marina was $150 a month , now my boat is worth 30 k and in better condition , and the Marina avarage is $650 a month , that's why prices are low , why would you ,

[MarkMT 68]

The latest Westhaven News has an article about the used boat market that notes something I hadn't thought about, the impact of immigration -

 

 

The boating market is reflecting the changes we are seeing in wider Auckland, says marine broker Tony Smith, and he has some advice for those wanting to buy and sell this summer.  

 

Tony specialises in the ‘entry level’ boat market. That generally means keelers and launches priced between $15,000 and $100,000.

 

With Auckland fast growing and fast changing in its demographic, he says that immigrants represent many of his enquiries and purchases.

 

“Most of purchasers are in their late thirties and early forties, and a lot are new immigrants to New Zealand,” he says. 

 

“When they decide to come and live in Auckland, buying a boat and getting out on the Hauraki Gulf is part of the equation.” 

 

While people continue to upgrade and downgrade their boats at different stages of their lives, many of Tony’s buyers are first timers, and he suggests that they look for something under 10m in length, because there are more berthage options in this category, and the ongoing cost of ownership is usually less with a smaller boat.

 

He believes that while prices have dropped significantly in the last few years, it’s likely that they won’t get much lower, and that good boats will always sell. 

 

“People will still pay very good money for boats in good condition that they can buy today and sail away tomorrow - they are not interested in doing maintenance.”

 

[cj! 19]

I think there are also generational issues at play and Baby Boomers have been impacting society for years. What they have wanted, are accustomed to and can afford versus more recent generations is not the same and the amount of free time people have has changed a lot also. The more recent generations tend to work longer hours and have less DIY knowledge/experience of doing maintenance on almost anything with today's approach to disposable goods and the need for instant gratification. Jumping in an RV, staying at an Airbnb or getting on a plane for overseas travel is so much simpler than dealing with an old boat and the ongoing maintenance and expenses associated with boat ownership. Never mind the impact on their personal finances if they're trying to achieve property ownership in today's market. Older boats that need a marina berth or a mooring just aren't that attractive a proposition to the newer generations and if they can find the dollars and time then it's not that hard to understand their attraction to the features of a European production yacht over an older Kiwi design to many of them.

[Adrianp 120]

I think there are also generational issues at play and Baby Boomers have been impacting society for years. What they have wanted, are accustomed to and can afford versus more recent generations is not the same and the amount of free time people have has changed a lot also. The more recent generations tend to work longer hours and have less DIY knowledge/experience of doing maintenance on almost anything with today's approach to disposable goods and the need for instant gratification. Jumping in an RV, staying at an Airbnb or getting on a plane for overseas travel is so much simpler than dealing with an old boat and the ongoing maintenance and expenses associated with boat ownership. Never mind the impact on their personal finances if they're trying to achieve property ownership in today's market. Older boats that need a marina berth or a mooring just aren't that attractive a proposition to the newer generations and if they can find the dollars and time then it's not that hard to understand their attraction to the features of a European production yacht over an older Kiwi design to many of them.

 This rings pretty true for my group of 30-35yo friends. 10 Years ago, we had 5 Piedys, a sportboat and a SR26 between us and yachting was what we did. Now, they all have power boats that live on trailers in the front yard of their house's with massive mortgages. Holidays are spent at the family bach or overseas.

[Black Panther 1,586]

That made me smile. One of tbe joys of owning a boat is not needing to fly somewhere for a holiday. Or sit in holiday traffic

[Clipper 343]

The best thing about long weekends on the boat - no traffic holdups. Lots of harbour traffic, but no holdups!

[muzled 140]

That made me smile. One of tbe joys of owning a boat is not needing to fly somewhere for a holiday. Or sit in holiday traffic

 

Yep, buying a boat to me meant meant ruling out any overseas holidays for us.  

 

A choice I'm more than happy with, would much rather have my kids sailing around the gulf than going to Fiji for a week a year.  

 

'don't leave town 'til you've seen the country'...