ex Elly 258 Posted May 10, 2021 Share Posted May 10, 2021 Pandemic-related boat buying linked to Seaview Marina expansion as demand for berths soars Cashed-up boat buyers unable to travel are thought to be behind a spike in demand for berths that has resulted in a million-dollar expansion at a Lower Hutt marina. Seaview Marina is putting the finishing touches on a $1.2 million 46-berth extension and has plans to install an additional 31 which will allow the docks to hold more than 400 vessels. McLellan said Seaview was the biggest marina in the region and the only one with the ability to expand. Once the new berths were built, there would be no room for more. ... https://www.stuff.co.nz/national/125035231/pandemicrelated-boat-buying-linked-to-seaview-marina-expansion-as-demand-for-berths-soars Quote Link to post Share on other sites
Ex Machina 390 Posted May 10, 2021 Share Posted May 10, 2021 5 minutes ago, ex Elly said: Pandemic-related boat buying linked to Seaview Marina expansion as demand for berths soars Cashed-up boat buyers unable to travel are thought to be behind a spike in demand for berths that has resulted in a million-dollar expansion at a Lower Hutt marina. Seaview Marina is putting the finishing touches on a $1.2 million 46-berth extension and has plans to install an additional 31 which will allow the docks to hold more than 400 vessels. McLellan said Seaview was the biggest marina in the region and the only one with the ability to expand. Once the new berths were built, there would be no room for more. ... https://www.stuff.co.nz/national/125035231/pandemicrelated-boat-buying-linked-to-seaview-marina-expansion-as-demand-for-berths-soars 1.2 million is super cheap for that many berths ….I thought it cost that much just to talk about expanding a marina Quote Link to post Share on other sites
waikiore 477 Posted May 11, 2021 Share Posted May 11, 2021 They are not in Auckland though 44 1 Quote Link to post Share on other sites
AJ Oliver 155 Posted May 11, 2021 Share Posted May 11, 2021 Demand for sailboats is also very high in the US, and younger families are joining sailing clubs. 😀 Quote Link to post Share on other sites
1paulg 20 Posted May 11, 2021 Share Posted May 11, 2021 5 hours ago, 44forty said: 1.2 million is super cheap for that many berths ….I thought it cost that much just to talk about expanding a marina Think it costs that much to consult with the penguins Quote Link to post Share on other sites
marinheiro 364 Posted May 11, 2021 Share Posted May 11, 2021 8 hours ago, 44forty said: 1.2 million is super cheap for that many berths ….I thought it cost that much just to talk about expanding a marina 5 yrs ago the average cost/berth at Sandspit was around $120k, over a range of 12-18m. The talking cost a couple of mil... Quote Link to post Share on other sites
Ex Machina 390 Posted May 11, 2021 Share Posted May 11, 2021 32 minutes ago, marinheiro said: 5 yrs ago the average cost/berth at Sandspit was around $120k, over a range of 12-18m. The talking cost a couple of mil... Yeah well matakana is just up the road Quote Link to post Share on other sites
wheels 544 Posted May 11, 2021 Share Posted May 11, 2021 Low Interest rates is what is doing it. People are putting a boat onto their mortgage. Boat Sales, especially in the smaller fizz nasty Trailer Boat market is through the roof. One manufacturer I know of, currently has a waiting list of just over a year before they can even start a new build once you place an order. Waikawa Marina is going through exapnsion, but that has been years in planning. And they are only increasing the number of 16M berths. However, another reason for that is because moorings are no longer allowed to be put down and some are going to be removed. Sea View allows live aboards. Or did. Marlborough Marina's no longer allow live aboards. Quote Link to post Share on other sites
Nathan1000 6 Posted May 12, 2021 Share Posted May 12, 2021 I wonder what will happen when borders open up again and people can travel. Will the reverse happen as people realise they dont want their cash tied up, or the boat is not used as much as expected. Quote Link to post Share on other sites
SloopJohnB 328 Posted May 12, 2021 Share Posted May 12, 2021 and the housing market will collapse as we take off for the world and spend our money.🤔 Quote Link to post Share on other sites
Ed 151 Posted May 13, 2021 Share Posted May 13, 2021 1 year mortgage rate now at 1.85%, time to talk to my sailmaker! Quote Link to post Share on other sites
wheels 544 Posted May 13, 2021 Share Posted May 13, 2021 I don't see that the ones buying boats are the ones that can't go on Holiday. They are two very different People types. the ones buying boats have always wanted a boat, or better boat, or bigger boat and now that they have huge equity in their Home, they have been able to borrow. A mate just enquired about a Trailerable Fizznasty and it wasn't a huge flashy one either. This is the guy that was told over a year waiting list before they could start the build by the way. His eyes watered when he was told $300K. I thought Crikey. But it had a 300Hp engine. That is some $80K I guess. then a trailer these days are $15K to 20K. The Hull another $100K I guess. Electronics and so on. Soon adds up. And then I guess you need to add on the vehicle you need to tow it with now. Stuffed if I would spend $300K on a fizznasty. That would well and truly provide me with the boat of my dreams. Maybe two of them. Quote Link to post Share on other sites
SloopJohnB 328 Posted May 13, 2021 Share Posted May 13, 2021 At the boat show yesterday....saw a lot of order books been signed. Big crowd walking around buying fishing gear aswell. No I don't buy or paid a deposit on anything. No sailing boats or equipment on show. Quote Link to post Share on other sites
Island Time 1,293 Posted May 13, 2021 Share Posted May 13, 2021 Hutchwilco pretty much always been a trailer boat show... Quote Link to post Share on other sites
marinheiro 364 Posted May 13, 2021 Share Posted May 13, 2021 3 hours ago, wheels said: Stuffed if I would spend $300K on a fizznasty. More fish have been caught from 12' tinnies than all other pleasure boat sizes and types combined 1 1 Quote Link to post Share on other sites
aardvarkash10 1,103 Posted May 13, 2021 Share Posted May 13, 2021 1 minute ago, marinheiro said: More fish have been caught from 12' tinnies than all other pleasure boat sizes and types combined probably more fun had as well 1 Quote Link to post Share on other sites
Ex Machina 390 Posted May 14, 2021 Share Posted May 14, 2021 On 14/05/2021 at 8:09 AM, wheels said: I don't see that the ones buying boats are the ones that can't go on Holiday. They are two very different People types. the ones buying boats have always wanted a boat, or better boat, or bigger boat and now that they have huge equity in their Home, they have been able to borrow. A mate just enquired about a Trailerable Fizznasty and it wasn't a huge flashy one either. This is the guy that was told over a year waiting list before they could start the build by the way. His eyes watered when he was told $300K. I thought Crikey. But it had a 300Hp engine. That is some $80K I guess. then a trailer these days are $15K to 20K. The Hull another $100K I guess. Electronics and so on. Soon adds up. And then I guess you need to add on the vehicle you need to tow it with now. Stuffed if I would spend $300K on a fizznasty. That would well and truly provide me with the boat of my dreams. Maybe two of them. I don’t know about demographics in other parts of the country but up here the fizz boat boom seems to be driven largely tradies . Our club is right next door to the local outboard boating club which is one of the three major launching areas in our modest sized “city” the value of the boats combined with the value of the vehicles launched there on a busy weekend would probably be equal to the value of the pointy end of Auckland’s racing keeler fleet Quote Link to post Share on other sites
Deep Purple 530 Posted May 14, 2021 Share Posted May 14, 2021 Same in whiti. The parade of 7m+ rayglasses and Tristram's heading each day to the ramp is staggering and most well over $300k usually hanging off a tradies ranger Quote Link to post Share on other sites
eruptn 105 Posted May 15, 2021 Share Posted May 15, 2021 7 hours ago, Deep Purple said: Same in whiti. The parade of 7m+ rayglasses and Tristram's heading each day to the ramp is staggering and most well over $300k usually hanging off a tradies ranger Similar on the lakes....wave makers are very popular Quote Link to post Share on other sites
Rats 48 Posted May 15, 2021 Share Posted May 15, 2021 On 14/05/2021 at 11:35 AM, marinheiro said: More fish have been caught from 12' tinnies than all other pleasure boat sizes and types combined Just a pity they don't seem to like taking enough lifejackets or putting a phone in a ziplock bag. Quote Link to post Share on other sites
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