Please select your home edition
Edition
Naiad

Boat imports cost 1000s of Australian jobs

by Marine Auctions & Valuations on 18 May 2012
A cautionary tale about buying ’grey imports’ .. ©
Adrian Seiffert, Principle of Marine Auctions & Valuations believes that Used Boats (Grey Imports) being imported to Australia is the major reason for the 1000s of job losses in the marine industry over the last three to four years and also the closure of many business associated with the Marine Industry.

'Grey Imports have reduced the value of most type of vessels in Australia to a record low level with the value of many second hand boats declining around 50% in the last 12 months,' he explains, adding that many used boats now sold in Australia are considerably cheaper than those purchased by Australians from overseas.

Of the estimated 2,500 used vessels imported into Australia over the last few years, Adrian believes around 75% of the Australian buyers could have purchased better quality boats in Australia for around the same value or cheaper if they purchased boats that were originally sold new in Australia.

One of the major reasons why many Australians are purchasing off shore is that many boats that are advertised in Australia are advertised at considerably higher prices than that of similar vessels advertised for sale in American and Europe.

'Many Grey Boat Importers find out too late that by the time they launch their Grey import in Australian the vessels owes them double what they paid offshore. Many of the Grey Imports arriving in Australia especially from the USA are significantly different from those sold new in Australia.

'The supply of replacement parts is often a problem, and in some cases repairers are very reluctant to undertake repairs. Also some insurance companies may not cover boats that are not Australian compliant. Another issue with Grey Imports is that some maybe encumbered or stolen.'

Adrian says now is a good time to purchase any type of vessel in Australia as he believes that prices have hit rock bottom. He believes many potential buyers have realised this and he has seen an increase in buyer demand over the last couple of months.

For further details please contact Adrian Seiffert on 0418 783 358.
Mackay BoatsNorth Technology - Southern SparsWildwind 2016 660x82

Related Articles

New Xperformance - Optimising the cruiser/racer range from X-Yachts
X-Yachts have built a wide range of 'Cruiser/Racers' as well as dedicated racing yachts which have won many Intl titles Since the company was founded back in 1979, X-Yachts have built a wide range of 'Cruiser/Racers' as well as dedicated racing yachts which have won many famous International titles, and of course One Design Class yachts such as X-79 and X-99
Posted on 14 Feb
World Sailing unites Kiteboarding governing bodies
World Sailing has today signed a landmark agreement with the IKA and the GKA to unite the kiteboarding community World Sailing has today signed a landmark agreement with the International Kiteboarding Association (IKA) and the Global Kitesports Association (GKA) to unite the kiteboarding community and provide clarity of kiteboarding's governance structure.
Posted on 13 Feb
On board interview with Lisa Blair - solo Antartica circumnavigation
So far, Lisa is tracking very well in her attempt to become the first woman to sail solo around Antartica. So far, Lisa is tracking very well in her attempt to become the first woman to sail solo around Antartica. After the setbacks of a delayed departure due to gremlins in the electronics, we are delighted to have these answers from her on board. She is well and enjoying her time. Climate Action Now, her Hick 50, left Albany in Western Australia on January 22, 2017.
Posted on 8 Feb
The price of legacy
Malcolm Page OAM, two-time Olympic Gold Medallist, became the Chief of Olympic Sailing for the USA on January 1 Malcolm Page OAM, two-time Olympic Gold Medallist (470) with Nathan Wilmot in 2008 and Mat Belcher in 2012, became the Chief of Olympic Sailing for the USA on January 1 this year. In and of itself it is hardly the freshest news, and well and truly yesterday’s fish wrapper. It was also a wise choice on behalf of Team USA, for he has succeeded in both the physical and commercial arms of our sport.
Posted on 5 Feb
Zhik becomes Official Clothing Partner to the Extreme Sailing Series
Extreme Sailing Series™ has established an exciting new partnership with the high-performance clothing brand, Zhik. As it enters the 2017 season, the Extreme Sailing Series™ has established an exciting new partnership with the high-performance clothing brand, Zhik.
Posted on 2 Feb
World Sailing headquarters to relocate to London
World Sailing's headquarters will relocate from Southampton to central London, UK in late summer 2017. World Sailing's headquarters will relocate from Southampton to central London, UK in late summer 2017. The selection of London as the new home for the International Federation comes after an extensive evaluation process of possible locations undertaken since the election of a new President and Board of Directors in November 2016.
Posted on 1 Feb
Henri Lloyd join forces with FAST40+ Class
Henri Lloyd is delighted to announce their three year partnership with the FAST40+ Class. Premium British marine and lifestyle clothing brand, Henri Lloyd is delighted to announce their three year partnership with the FAST40+ Class.
Posted on 1 Feb
Tawera takes the NZ Millennium Cup 2017
The Ron Holland designed and impeccably sailed, Tawera, again dominated a lengthier 27nm course on Day 3 of racing The Ron Holland designed and impeccably sailed, Tawera, again dominated a lengthier 27nm course on Day 3 of racing, taking line honours for a third consecutive day, bringing home the NZ Millennium Cup 2017. Coming into the final day of racing, Pacific Division competitors, Antaeus and Steinlager 2, were tied on points. Rumours of an extensive tactical defence strategy to retain the Pacific
Posted on 1 Feb
Rolex China Sea Race launches new official website
RHKYC today unveiled its new official website and logo for its flagship event, the biennial Rolex China Sea Race Royal Hong Kong Yacht Club today unveiled its new official website and logo for its flagship event, the biennial Rolex China Sea Race - Asia’s principal blue-water classic.
Posted on 28 Jan
Bavaria C57 - Something big has arrived
At the boot 2017 in Düsseldorf, Bavaria Yachts presented the new flagship of their sailing yachts' fleet. At the boot 2017 in Düsseldorf, Bavaria Yachts presented the new flagship of their sailing yachts' fleet. The Bavaria C57 does not only convince with a new modern design but also with many new innovative details.
Posted on 24 Jan