Originally Posted by Kanani
The duty in Australia will kill that idea, real quick.
5) The market for boats here is not large and it may be difficult to sell the boat quickly.
6) Brokers fees would eat heavily into any profit.
Brokerage here is 8% and its a 'closed shop' ie very difficult to sell privately incl very very few marinas
harbour anyway, and most have exclusive agreements with brokers so you cant hire a berth and put up the for sale
tax: on entry 10% gst, 5% luxury tax. Total 15% PLUS 10% GST on ALL COSTS ASSOCIATED WITH BRINGING BOAT IN!!!!!!!!!! So you pay 10% of the food
you ate on delivery
Market not large: We have far few ports
that one would think in a country this size, and fewer out of the tropical cyclone zone.
harbour its virtually impossible to get a marina bert and swing morings are difficult too. Local councils hate rich people and a boat is, to them, evidence of being rich so they dont approve marina facilities, consequently only rich people can afford them (hows that for a circle of stupidity?). Look at Google earth
of Sydney harbour and count the marinas
, then look at anywhere USA.
may be difficult to sell the boat quickly.
many types of boat for sale
in USA / Europe
may not be known here and so may be under valued significantly. Whats all the rage in the Med may be poison here.
110 volt to 240 volt conversions and Propane
gas Conversion. To sell a boat here you must have Compliance issued for out LPG gas system (i.e rip it out and put in a new system) and 240 volts will cook all the wiring
of 110 so you pull out your water heater
, air conditioner, shore power
etc etc etc.
Generally boats on the market appear to be there for at least 6 months waiting for a buyer.
And to make matters worse the December edition of TradeABoat magazine is 514
pages!!!! And thats not one boat per page!
Also you need to add the cost of finance....