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Post by Fogg on Apr 8, 2022 14:01:05 GMT 12
I love little boats which I often find more interesting than the big, standard production boats because they tend to be more unique … But is me or has there been an explosion of small boats (under 30ft) coming on the market in recent weeks - especially some pretty ropey little things? In particular there seem to be loads of H28s being listed included this little beauty which nearly made my eyes bleed! And to make it worse it’s ferro. I know it is / was probably somebody’s pride & joy and I’m not being very charitable but all sense of charity disappeared last time I checked my income tax bill. Seriously, wouldn’t you cry if you owned this?! 😳   |
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Post by Deleted on Apr 8, 2022 15:36:53 GMT 12
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Post by Fogg on Apr 8, 2022 16:14:26 GMT 12
What has killed the small yacht market?
Is it the same for little cruisers and racers <30ft?
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Post by ComfortZone on Apr 8, 2022 16:49:09 GMT 12
What has killed the small yacht market? Is it the same for little cruisers and racers <30ft? maybe housing costs? The typical buyers of these small yachts would be those trying to get established. Yet as HT says the used power boat market is booming (different demographic?), very hard to find any of the 70's and 80's Kiwi brands both at the fizzy and launch/also +9m yacht levels. Same in the used caravan market (no I have not succumbed), 60's-70's Kiwi built caravans have developed an almost cult following, selling for ridiculous prices, with alot being carried away (cos they can't be towed) from their permanent camp ground locations for re$$toration. |
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Post by fish on Apr 8, 2022 19:16:10 GMT 12
Noting that the boats you are talking about, sub 30ft keelers, all need marina berths (or moorings). A marina berth for a year costs more than what most of those boats are worth.
For a little more capex, you can get far greater utility of a bigger & more comfortable boat for about the same annual operating cost.
In my perception, the fizz boat market is targeted at and dominated by the tradies types. The main factor here is time poor, so want to get out, get the job done and get home again. Mainly in the fishing context, but also family boat camping trips / diving / visiting Huaraki Gulf Islands etc.
Oh, and trailered fizz boats don't really have annual operating costs, if you don't use them. No marina fees and no antifoul. Keep the fizzy at home, tow it to Coro for the summer holidays, east coast or west coast fishing missions. Boys weekend to the far north. Far more utility than a moored yacht that can do 5 knts max and can make it to the bottom end and not much else, for the weekend (from Clevedon).
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Post by Deleted on Apr 8, 2022 19:22:53 GMT 12
Noting that the boats you are talking about, sub 30ft keelers, all need marina berths (or moorings). A marina berth for a year costs more than what most of those boats are worth. For a little more capex, you can get far greater utility of a bigger & more comfortable boat for about the same annual operating cost. In my perception, the fizz boat market is targeted at and dominated by the tradies types. The main factor here is time poor, so want to get out, get the job done and get home again. Mainly in the fishing context, but also family boat camping trips / diving / visiting Huaraki Gulf Islands etc. Oh, and trailered fizz boats don't really have annual operating costs, if you don't use them. No marina fees and no antifoul. Keep the fizzy at home, tow it to Coro for the summer holidays, east coast or west coast fishing missions. Boys weekend to the far north. Far more utility than a moored yacht that can do 5 knts max and can make it to the bottom end and not much else, for the weekend (from Clevedon). And no more sleepness nights when it blows. Ours sits in the backyard more than it gets used.Everyone looking for crew so no shortage of a ride |
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Post by GO30 on Apr 10, 2022 17:12:30 GMT 12
I've got a 30fter sitting in the backyard. Did a big rebuild, covid kicked in, weren't allowed to use them so there she sat saving me 12K on marina fees plus other expenses. Yeah so I do have 1.5 spares that are floating and being used...but that's not the point  She's been a handy sleep out for visitors in the meantime. Had a pair of rurals staying in here a month or 2 back, they wanted a boating experience so here's your room people. One night me and the equally pissed neighbour gave them arse with 2 hoses at pace and got her rocking a bit at 2am. Mrs Rural felt sea sick, Mr Rural laughed...or did until she smacked him, me and neighbour went to bed knowing we'd had a very productive evening. Cost is hammering the smaller end of the fleet, those basic working stiff doing it on or below, and for many who have higher expenses even though they are above it, the median wage. Akl marina costs are now close to 20% of the median take home pay, that is a seriously significant sum. Even using the average wage, which is quite bogus in my opinion, a Akl marina is still 10% odd. With costs going up faster than Peter Beck will ever manage, I know of some sales that are based on 'Getting too tight to afford so get in now before the market becomes flooded'. A container that cost us 4K in freight, and the 1,000,000 fees/levies/taxes/extra charges that always comes with, 18 months ago cost us 19K 2 weeks ago. I am genuinely scared as to where prices maybe in 6 months time. |
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Post by Deleted on Apr 11, 2022 10:11:47 GMT 12
G030... Where will it end ...
Recession or more likely a DEpression.
The housing market is crashing as we speak.
TradeMe listings rose from 22k to over 32k in one month. ( More listings and less sales)
Consumer Prices will rise by at least 10 % and house prices fall by at least 20 % by Xmas.
Inflation 7%
Bookmark that!
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Post by GO30 on Apr 12, 2022 7:43:28 GMT 12
G030... Where will it end ... Recession or more likely a DEpression. The housing market is crashing as we speak. TradeMe listings rose from 22k to over 32k in one month. ( More listings and less sales) Consumer Prices will rise by at least 10 % and house prices fall by at least 20 % by Xmas. Inflation 7% Bookmark that! Inflation yeap possible. CPI, yeap maybe House prices, Na. Due to NZ's lack of political balls for so long we have so much 'savings' tied up on housing if it drops 20% people will be getting shot in the streets. A drop of a few % the plateau for a wee bit I can see but a big drop I can't. But I can also see the housing market going off again and it'll only take a small trigger. It's so fucked up, which is why we bailed out a few years ago. Actually we bailed after selling a place that went for utterly ridiculous, it felt like we were fucking over future NZers and didn't want to be a part of that so left.
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Post by em on Apr 12, 2022 13:18:17 GMT 12
What has killed the small yacht market? Is it the same for little cruisers and racers <30ft? Fast trailer yachts hold their value very well but that’s because there’s only about 20 of them . Ditto for the nicer Cruisable trailer yachts in the 25 foot range |
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Post by Deleted on Apr 13, 2022 3:21:01 GMT 12
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Post by em on Apr 13, 2022 11:34:29 GMT 12
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Post by OLD ROPE 👀 on Apr 13, 2022 20:07:03 GMT 12
the D40 is a money pit. Needs swept back spreaders and a new cruising top/ cockpit to make it a decent cruiser that you can race. |
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Post by Deleted on Apr 14, 2022 7:27:10 GMT 12
G030... Where will it end ... Recession or more likely a DEpression. The housing market is crashing as we speak. TradeMe listings rose from 22k to over 32k in one month. ( More listings and less sales) Consumer Prices will rise by at least 10 % and house prices fall by at least 20 % by Xmas. Inflation 7% Bookmark that! Inflation yeap possible. CPI, yeap maybe House prices, Na. Due to NZ's lack of political balls for so long we have so much 'savings' tied up on housing if it drops 20% people will be getting shot in the streets. A drop of a few % the plateau for a wee bit I can see but a big drop I can't. But I can also see the housing market going off again and it'll only take a small trigger. It's so fucked up, which is why we bailed out a few years ago. Actually we bailed after selling a place that went for utterly ridiculous, it felt like we were fucking over future NZers and didn't want to be a part of that so left.
mate, your dreaming. House prices are dictated by demand v supply. Demand will drop as people leave NZ and free up properties ( mainly rentals). Demand will not increase while Ardern limits immigration. DEMAND WILL NOT INCREASE WHILE INFLATION AND MORTGAGE RATE SKYROCKET! SUPPLY will escalate massively (as They have by 10,000 in in month in trade me) because.. 1. The dumb arse govt build to many houses to supply a market that now has gone. 3. Mortgage sales increase and mortgage rates increases push people over the edge 4. Investors exit market 5. Aucklanders can't sell up and move to the regions due to no buyers in Auckland and no buyers flying in to live here. ( latest data shows auction rate sales dropped to 25% in March) 6. Rentals will free up with exodus overseas and thus these properties will enter the market supply... ..Sooo. Supply, which is already higher than demand and climbing, will kill the market, inflation and price increases will deplete people's wallet, and boom 💥 the government will be in a position of trying to ballance paying of debt and trying to lift the economy ( which will require more money printing) G030, business confidence is at a low, the govts subsidies have gone, people are not spending... So just watch the layoffs, and NZ go into it biggest depression ever I'll bet you a "lazy leftie" that the housing market will take a 15-20+ % hit by 2024... Thanks not to Covid but to Arderns and Robertson's reaction and spending to Covid. |
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Post by em on Apr 14, 2022 7:56:21 GMT 12
Inflation yeap possible. CPI, yeap maybe House prices, Na. Due to NZ's lack of political balls for so long we have so much 'savings' tied up on housing if it drops 20% people will be getting shot in the streets. A drop of a few % the plateau for a wee bit I can see but a big drop I can't. But I can also see the housing market going off again and it'll only take a small trigger. It's so fucked up, which is why we bailed out a few years ago. Actually we bailed after selling a place that went for utterly ridiculous, it felt like we were fucking over future NZers and didn't want to be a part of that so left.
mate, your dreaming. House prices are dictated by demand v supply. Demand will drop as people leave NZ and free up properties ( mainly rentals). Demand will not increase while Ardern limits immigration. DEMAND WILL NOT INCREASE WHILE INFLATION AND MORTGAGE RATE SKYROCKET! SUPPLY will escalate massively (as They have by 10,000 in in month in trade me) because.. 1. The dumb arse govt build to many houses to supply a market that now has gone. 3. Mortgage sales increase and mortgage rates increases push people over the edge 4. Investors exit market 5. Aucklanders can't sell up and move to the regions due to no buyers in Auckland and no buyers flying in to live here. ( latest data shows auction rate sales dropped to 25% in March) 6. Rentals will free up with exodus overseas and thus these properties will enter the market supply... ..Sooo. Supply, which is already higher than demand and climbing, will kill the market, inflation and price increases will deplete people's wallet, and boom 💥 the government will be in a position of trying to ballance paying of debt and trying to lift the economy ( which will require more money printing) G030, business confidence is at a low, the govts subsidies have gone, people are not spending... So just watch the layoffs, and NZ go into it biggest depression ever I'll bet you a "lazy leftie" that the housing market will take a 15-20+ % hit by 2024... Thanks not to Covid but to Arderns and Robertson's reaction and spending to Covid. There’s still some unusual shit going on behind the scenes though . Our Bach is under contract since end of Feb , we have just had an offer that’s very very substantially more than what it’s under contract for . My folks place is on the market too , lifestyle block on the water with quite a large price tag . They had a flurry of interest just before the doom merchants started predicting a downturn at the end of Feb then nothing .they now have a very interested party from Wellington having a look this weekend ….the offer we got was from Wellington too . I can’t help but wonder if it’s doomfield and his sidekick getting the hell out of dodge 😂. |
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