Some of the prices on Trademe are starting prices not necessarily reserve prices, indeed they rarely actually sell at auction
. One example is listed by a dealer at 120K and by the owner variously with a starting price
of 50k or 60K.
The difficulty is this. If the boat
was in true cruise
condition it might be worth say $100K. However all those I have looked at required spending generally 60K to get there without counting points I did not find nor allowing for a new motor
etc. I don't see these older boats selling at a price
that makes spending large sums economic nor owners adjusting their prices to realistic levels.
True one has dropped by a third to a reasonable ball park price but on my calculations requires that third on upgrading which makes it still 50% overpriced.
recently at a seemingly good price however what the ad didn't mention was that it had been damaged and required a repaint plus pulpit pushpit etc etc. Electronics
sound good but are 20 years old, sails
decks need replacing.
There may be bargains sometimes and in the future if someone is forced to get cash but it seems to me most are well overpriced and reliant on a naive buyer hence they sit for a long time while the few good well priced boats sell reasonably quickly.
True the NZ $ is about 10% undervalued against the AUD but I suggest both markets are expensive but the choice in NZ for a cruising boat
is limited. You would have to check on duty etc but I don't think a gst refund applies on export and imprt duty and tax do apply so that makes it more expensive.
What you buy depends partly on how much money
you have, and secondly the real use to which you intend to put the boat. The standard for a boat which you intend to take offshore
is higher and can be expensive to reach. Four thousand here and ten thousand there and pretty soon you are talking real money
at least to me. However if you intend only coastal cruising you don't need the same standard of gear
There is a british boat for sale
. The price is within negotiating range of the price in Europe
which however includes VAT. Add about 20% and it isn't such a bargain.
You might find it better to get a boat from somewhere where there is little or no tax however the costs of getting there unless you have the time to upgrade and see sailing it to Australia as vacation
My impression is that there are few cheap boats when the final cost is added up and you can only gauge the cost by taking a hard look in person. However as more owners become squeezed in various countries some more realistic prices may emerge.