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Post by fish on May 24, 2023 10:15:47 GMT 12
Is it cause they discovered you can have as much or more fun on a wind foiler, you can go out any time you want and don't need to organise a rugby team to come with you? Or do you think owning a raceboat is just too expensive and hard to do now? Just talking to a mate (a real estate agent on the peninsula) about this sort of stuff. he said he had just off loaded his campervan, mentioned a year ago people were asking off the planet prices for campervans and caravans, now can't move them. Said its much the same in the fizz boat market. There are 2 16m berths for sale at Sandspit, normally these would have been snapped up very quickly but have sat on the market for a couple of months now. I am hearing that many people are going on extensive overseas trips this year, so there is a definite shift in expenditure pattern for those with some money to spare. Much the same way the housing market is coming back to normal post covid. Demand shot up for caravans, campers and all sorts of boats when the borders were closed and people couldn't spend the spare dollars on extensive overseas strips. Not surprising to hear its coming back now the borders are open. Then lay on the rising interest rates and real possibility of a recession. Even tradies are slowing down on their boat buying apatite... But yeah, I know one guy in the river that sold his nice Farr yacht and got a wing-foiling setup instead. Hasn't looked back.
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Post by em on May 24, 2023 10:36:13 GMT 12
A rash of sharply priced raceboats have hit the market in the last couple of weeks and I doubt it’s because the owners are upgrading . Is it cause they discovered you can have as much or more fun on a wind foiler, you can go out any time you want and don't need to organise a rugby team to come with you? Or do you think owning a raceboat is just too expensive and hard to do now? This is just a broad generalisation but raceboats over a certain size cost shitloads to keep really competitive . Most boats with 50-100k suits of sails are owned by business owners or well paid employees of big businesses . Business is contracting rapidly across many sectors and prices of marinas and boat hardware are increasing rapidly . If things really go south there will be zero to no market for old race boats with 90% of their value in the sails and rigs so maybe people are offloading now while they can ?
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Post by ComfortZone on May 24, 2023 10:50:06 GMT 12
Is it cause they discovered you can have as much or more fun on a wind foiler, you can go out any time you want and don't need to organise a rugby team to come with you? Or do you think owning a raceboat is just too expensive and hard to do now? This is just a broad generalisation but raceboats over a certain size cost shitloads to keep really competitive . Most boats with 50-100k suits of sails are owned by business owners or well paid employees of big businesses . Business is contracting rapidly across many sectors and prices of marinas and boat hardware are increasing rapidly . If things really go south there will be zero to no market for old race boats with 90% of their value in the sails and rigs so maybe people are offloading now while they can ? I was talking to one of our local boatbuilders about the cost of boating and boats being much in the "discretionary spending" category. He is well aware of that, particularly given his main work is refurbishing older boats where owners are prepared to significantly over capitalise them. He said he asks himself from time to time how long his business will continue to be viable.
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Post by harrytom on May 24, 2023 14:10:22 GMT 12
Is it cause they discovered you can have as much or more fun on a wind foiler, you can go out any time you want and don't need to organise a rugby team to come with you? Or do you think owning a raceboat is just too expensive and hard to do now? Just talking to a mate (a real estate agent on the peninsula) about this sort of stuff. he said he had just off loaded his campervan, mentioned a year ago people were asking off the planet prices for campervans and caravans, now can't move them. Said its much the same in the fizz boat market. There are 2 16m berths for sale at Sandspit, normally these would have been snapped up very quickly but have sat on the market for a couple of months now. I am hearing that many people are going on extensive overseas trips this year, so there is a definite shift in expenditure pattern for those with some money to spare. Fizz market is very bouyant,did you go to the boat show?? Many of the builders now ,once again,6 month lead up. Plenty sold at the show
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Post by dutyfree on May 24, 2023 18:12:57 GMT 12
yes, have a friend selling a boat and doing 3 months overseas.
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Post by muzled on May 24, 2023 21:03:11 GMT 12
Fizz market is very bouyant,did you go to the boat show?? Many of the builders now ,once again,6 month lead up. Plenty sold at the show Not entirely sure about that. Mate just started working for Stabicraft and sales are through the floor. Another mate who does some work for Dickey said top end of market is good but middle and lower (which I guess you'd call Stabicraft?) were average.
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Post by em on May 24, 2023 22:14:39 GMT 12
Fizz market is very bouyant,did you go to the boat show?? Many of the builders now ,once again,6 month lead up. Plenty sold at the show Not entirely sure about that. Mate just started working for Stabicraft and sales are through the floor. Another mate who does some work for Dickey said top end of market is good but middle and lower (which I guess you'd call Stabicraft?) were average. Have a mate that works at a tinny dealership , the few sales that are happening are cashed up folk . No one’s betting the farm on toys anymore .
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Post by chariot on May 25, 2023 9:27:51 GMT 12
And here am I, can't find a decent boat to buy. Lots on the market with significant issues and a lack of maintenance over a considerable time.
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Post by fish on May 25, 2023 9:59:31 GMT 12
Just talking to a mate (a real estate agent on the peninsula) about this sort of stuff. he said he had just off loaded his campervan, mentioned a year ago people were asking off the planet prices for campervans and caravans, now can't move them. Said its much the same in the fizz boat market. There are 2 16m berths for sale at Sandspit, normally these would have been snapped up very quickly but have sat on the market for a couple of months now. I am hearing that many people are going on extensive overseas trips this year, so there is a definite shift in expenditure pattern for those with some money to spare. Fizz market is very bouyant,did you go to the boat show?? Many of the builders now ,once again,6 month lead up. Plenty sold at the show Yes I went to the boat show. Shit, did you see the carpark? It was like a ute drivers convention. Very surprised the Green Party didn't have a stand to tell the target rich audience why they are taxing utes. ACT had a stand... just saying. Anyway, I didn't ask about lead times for tinnies. But I did get a vibe that things were quiet. The retail stands were heaving, but the boat stands seemed quiet. One outfit even called out to me "Do you want to buy a boat?" like they hadn't sold any all show. They were joking with each other how they'd react if I said yes. Not a good gauge on how the market is, for sure, just my perception. Did you see the OCR go up again yesterday? My revolving mortgage is up to 8.3% and I'm just waiting for the letter to say it is now up to 8.6% - no way I'm putting another $40k on that for a modest tinnie. Infact, the current boat is at major risk of the chop. For a contingency plan I'm currently perfecting how to fish out of the tender, 2.9 m deflatable with a 2hp outboard. Got 3 snaps and 2 kahwai last week. If the economy is going to bread and butter only, I and many other might be going to 3 m deflatables instead of 5m hard tops. PS, the Viking Kayaks stand was busy. Kind of reinforces my point I think.
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Post by ComfortZone on May 25, 2023 18:13:08 GMT 12
Fizz market is very bouyant,did you go to the boat show?? Many of the builders now ,once again,6 month lead up. Plenty sold at the show PS, the Viking Kayaks stand was busy. Kind of reinforces my point I think. wonder if they are selling any. When I took my kayak back to Phoenix (ARM) in Silverdale for a repair he said they are not building any for next season, too many unsold from last year. It is just a sideline for them, they just keep punching out plastic traffic barriers by the container load for an Australian customer
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Post by ComfortZone on May 25, 2023 18:19:47 GMT 12
And here am I, can't find a decent boat to buy. Lots on the market with significant issues and a lack of maintenance over a considerable time. People are having to face spending some serious money to bring their boats up to scratch and they see this as over capitalizing them. Then general money pressures means maintenance on the boat, car and house are allowed to slide I mean in the launch world is a Mk1 Corsair with its original 50yr old Cat/Detroit/Volvo really worth any more than hull value? Certainly not the ask of $120-150k when a re-engine is going to set you back another $100k. Same situation with the 70's and 80's production yachts. I was talking to the Cummins guy at the boat show, he said for some screwy reason a factory rebuilt Cummins which should be about 2/3 cost of a new one is costing them more to land in NZ than a new one. Go figure
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Post by dutyfree on May 25, 2023 19:38:22 GMT 12
Cummins, love them I have two They had a birthday party this year, 2 turbos and 2 exhaust elbows. Had to sell a kidney
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Post by chariot on May 25, 2023 21:00:09 GMT 12
Not talking 50year old engines. Relatively low hours from new or rebuild but the rest of the boat is a bloody disaster. Just a complete lack of maintenance from steering systems, after coolers, heat exchangers, osmosis and a complete lack of understanding of the boats systems. Coming from a lifetime of sailing and having an understanding of all the boats systems, this launch buying has been an eye opener. All my boats I have sold have been in top condition, seems like I am in the minority. My Lotus we just sold was 40 years old and mint with a 3 cylinder Volvo with only 170 hrs on the clock. Maybe I should have kept it.
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Post by GO30 on May 26, 2023 9:35:28 GMT 12
The bigger names in fizzies are doing OK but due to export sales. Some of the small more bespoke guys are ticking along as they tend to appeal to a little off the centre shopper and build 1 a month type stuff. Chandlers are quiet. Fizz sales yards are full with new and second hand being sold on be half. It's a quietish fortnight due to the boat show which is what it does with sellers busy preparing and shoppers waiting to get show deals. Infrastructure jobs are going OK. Lots of OK enquires for new projects in the pipeline or being planned.
Rural is going well. Fonteera put out a positive milk number yesterday and the US is sucking up beef and lamb big time at the moment so prices are good there. While BIG dollar sales are down there is a lot of activity I'm told. Our new rural range, I've gone in again replacing 'we've always used this' with newer technologies, is getting good attention. But overall is has quietened off a lot out there so we'll see some hell bargains pop up soon I expect as mobs try to keep some cash flowing.
There are also many sitting on some large stock levels due to NZ's location. That may see some deals as mobs try to turn stock into coin.
To tow bigger than pussy size tiny loads you need a bigger wagon and utes are the smartest option if you have stinky wet shit. So the same mob who demands you used big motors is now taxing those who follow their direction. That's a hell awesome income stream to have.
But as I get taxed for the ute, the ute I use to tow a trailer a fair bit as a 'on demand' thing, was replaced yesterday by a bigger smellier far less planet friendly truck. A case of the Law of Unintended Consequences. Yeah OK, the rumour I'm also using it to wind up the muppets who think the Green party is worthy of even existing, is entirely true. If you haven't tried it is also huge fun, get into it
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Post by dutyfree on May 27, 2023 15:47:04 GMT 12
Not talking 50year old engines. Relatively low hours from new or rebuild but the rest of the boat is a bloody disaster. Just a complete lack of maintenance from steering systems, after coolers, heat exchangers, osmosis and a complete lack of understanding of the boats systems. Coming from a lifetime of sailing and having an understanding of all the boats systems, this launch buying has been an eye opener. All my boats I have sold have been in top condition, seems like I am in the minority. My Lotus we just sold was 40 years old and mint with a 3 cylinder Volvo with only 170 hrs on the clock. Maybe I should have kept it. yes. First yacht "well maintained" but still had a stack of maintenance to catch up on. First launch. Actually very well maintained. Owned by an engineer. Second launch. Moderately maintained I think after having a bit spent on her. But needed all coolers done, engine painting and quite a bit of other stuff. Current launch, okay maintained by 2 owners back. One we bought from seemed religious on oil and filters, but nothing else.
So have had all coolers done, turbos, exhaust elbow, shaft bearings (they were scary worn), electronics, battery charger, helm seats, mattresses, interior clean (was very dirty), some pumps replaced, new taps, shower stuff etc.
We are great people to buy boats from
My focus is usually engines and ancillaries first, steering etc. Then in parallel we usually start upgrading the interior, then electronics.
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