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Old 15-10-2016, 02:11   #31
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Re: Buying through The Multihull Company, good or bad

Don't know if this is helpful or not but I have a Belize 43 Maestro for sale in the Med.
Aussie registered and flagged and ready to cruise the Med before crossing the Atlantic if desired.
Details can be seen right here
https://www.theyachtmarket.com/boats_for_sale/1235585/

AussieWayne
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Old 15-10-2016, 04:39   #32
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Re: Buying through The Multihull Company, good or bad

Thanks Aussiewayne.
Lovely boat but a bit out of my budget. I will start looking around the med, looks like some good deals there
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Old 15-10-2016, 05:40   #33
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Re: Buying through The Multihull Company, good or bad

I didnt use a Broker at all,
I scoured the internet till I found the boats I wanted, Boat Hub was one,
Just look up Boats for sale on Google, They are all on there,
Makes it easier if you know what boat you want to start off with,

Same boats same gear, One in Fiji and one in San Diago, USA,
San Diago was a bit far for my first ocean crossing so I settled on the one in Fiji,
I had it hauled out and Inspected by the surveyor I chose at my own expense,
Knowing I was going to sail to Australia, He did a good job,
There is no Duty in OZ with US boats only GST,
Add 25 % to the USD. currently as the exchange rate is 75 cents AUD in the dollar,
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Old 15-10-2016, 13:48   #34
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Re: Buying through The Multihull Company, good or bad

Quote:
Originally Posted by Mr B View Post
There is no Duty in OZ with US boats only GST,
Just a clarification - that applies for boats built in the US - not for boats flagged in the US. (Duty = 5%, GST = 10%)
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Old 15-10-2016, 14:23   #35
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Re: Buying through The Multihull Company, good or bad

Roger that
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Old 15-10-2016, 15:44   #36
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Re: Buying through The Multihull Company, good or bad

Quote:
Originally Posted by Mr B View Post
I didnt use a Broker at all,
I scoured the internet till I found the boats I wanted, Boat Hub was one,
Just look up Boats for sale on Google, They are all on there,
Makes it easier if you know what boat you want to start off with,

Same boats same gear, One in Fiji and one in San Diago, USA,
San Diago was a bit far for my first ocean crossing so I settled on the one in Fiji,
I had it hauled out and Inspected by the surveyor I chose at my own expense,
Knowing I was going to sail to Australia, He did a good job,
There is no Duty in OZ with US boats only GST,
Add 25 % to the USD. currently as the exchange rate is 75 cents AUD in the dollar,
When the AU dollar is 75 cents to 1 US dollar, then any US dollar is worth 1.31 AU. Short story is you add roughly a third not 25 % i.e. if the boat is advertised in US dollars for $200,000 then its 262,000. On the issue of duty also be aware that it doesn't matter where you buy the boat it matters where it was built originally, if you buy a French Boat for example in the US then you will be paying duty when it arrives here and then GST and that it is on the price plus delivery costs from the last port. , so $200,000 US is $262K, and lets say Customs will accept $3K delivery costs (and they won't) but lets say they do, then the boat is 265K plus GST of 10% for a total of $286500 (if there is no duty payable) If duty is payable then its 265K plus 5 % then 10 % on the total after duty, for a total of $306K.

The point of doing that is to illustrate that a $200k US boat turns into a $300K AU boat and that is without any other costs - eg changing AC power - getting gas compliance etc etc.

Similar story in Euro, Waynes boat would be $450k AU converted dollars and GST and Duty not including any shipping costs. (Unless the taxes have already been paid)

OF course if you never bring the boat into Australia you can avoid the GST and Duty.
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Old 15-10-2016, 15:50   #37
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Re: Buying through The Multihull Company, good or bad

Quote:
Originally Posted by mark_morwood View Post
Just a clarification - that applies for boats built in the US - not for boats flagged in the US. (Duty = 5%, GST = 10%)
And boats built in NZ, Vietnam and a few other countries with whom we have a Free Trade agreement
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Old 15-10-2016, 16:06   #38
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Re: Buying through The Multihull Company, good or bad

Sorry, Not enough info, Boats manufactured in the US dont attract duty,
Free trade agreement,
It was just a roughy, 75 cents in the dollar is 3/4 of a dollar, leaving 25 % extra to pay, But what the exchange rate is at the time, Who knows,
The exchange rate when I bought my boat was 107 AUD cents to the US dollar,
Instead of paying $150,000-00 USD, it actually cost me $140,000-00 AUD,
The GST was the same, It went from $15,000-00 down to $14,200-00 AUD,
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Old 15-10-2016, 17:43   #39
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Re: Buying through The Multihull Company, good or bad

Quote:
Originally Posted by Mr B View Post
Sorry, Not enough info, Boats manufactured in the US dont attract duty,
Free trade agreement,
It was just a roughy, 75 cents in the dollar is 3/4 of a dollar, leaving 25 % extra to pay, But what the exchange rate is at the time, Who knows,
The exchange rate when I bought my boat was 107 AUD cents to the US dollar,
Instead of paying $150,000-00 USD, it actually cost me $140,000-00 AUD,
The GST was the same, It went from $15,000-00 down to $14,200-00 AUD,

Free trade agreement is not yet in place - just foreshadowed.
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Old 20-10-2016, 02:33   #40
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Re: Buying through The Multihull Company, good or bad

TwoCanSail brokers still haven't got back to me, its been nearly 2 weeks . Im not calling them again its starting to smell...
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