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#41 hmd

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Posted 07 July 2015 - 12:06 PM

By rule of thumb the cost of houses doubles every 7 years.Sometime it takes 10 years some only 3 years.


There is no such rule. Only some historical average.
Population growth need to exponentially increase to keep the 'rule' true.
Have a look at Japanese real estate and see what population growth or lack of it do to real estate prices.

#42 dat240z

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Posted 07 July 2015 - 12:38 PM

The Japanese market and subsequent crash during the late 80s had many varying factors and was quite dissimilar to the conditions Australians have. We are in a much much better position to sustain growth through a number of factors - wages, supply demand, immigration, single occupancy households

Secondly, if you look at historical data or ABS records, they do actually show on average house prices double every 10 or so years.

Anyone awaiting or predicting incredible bubbles are generally those who haven't invested and or purchased a primary residence.

Anyway good times for z and property owners over the last 10-15yrs and hopefully another few to come

#43 hmd

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Posted 07 July 2015 - 01:25 PM

Not saying currently there is a bubble or not.

I am saying you can't apply the double value in 7 year forever.
There is an exponential effect (simple maths) once you double, it's doubly hard to double again (pardon the pun).

For example if you have a business, you may be able to double your revenue from 1M to 2M, 2M to 4M, 4m to 8M then it's really hard to double that to get to 16M.


#44 GongZ

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Posted 14 August 2015 - 01:37 AM

I just read this in an email I received from Shannon's Insurance about their 'Shannons Sydney Winter Classic Auction';

"The standout result of the $2 million sale was the sale of a beautifully presented and Australian-delivered 1973 Ferrari Dino 246 GT Coupe to a local enthusiast for an Australian auction record price of $522,000.

This excellent result was a reflection of current world-market values of top Dino 246 GT Coupes, no doubt elevated since Ferrari recently announced plans to re-introduce the famous nameplate on a new entry-level model."

Its way past my bed time - so I am not going to do any maths - but I remember seeing these in Scuderia Veloce Motors' Lindfield (or was it Roseville?) showroom in 1973 for just over $15,000 brand new.

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#45 260DET

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Posted 14 August 2015 - 09:15 AM

Some Porsce 911 owners are getting all excited about the rise in prices for their cars, it seems that there is a bit of a investment trend for older iconic cars so some caution may be advisable. Although it's hard to consider that S30 and 911 prices will ever go down.

#46 gav240z

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Posted 14 August 2015 - 09:27 AM

Not saying currently there is a bubble or not.

I am saying you can't apply the double value in 7 year forever.
There is an exponential effect (simple maths) once you double, it's doubly hard to double again (pardon the pun).

For example if you have a business, you may be able to double your revenue from 1M to 2M, 2M to 4M, 4m to 8M then it's really hard to double that to get to 16M.


To your point.


All you have to do is watch that to see that 'doubling of prices' is totally unsustainable if not followed by increase in wages and rents. The soft landing is best wishes.

Some Porsce 911 owners are getting all excited about the rise in prices for their cars, it seems that there is a bit of a investment trend for older iconic cars so some caution may be advisable. Although it's hard to consider that S30 and 911 prices will ever go down.


I think the thread title is appropriate to be honest, it's a 'bubble' in the classic car market also. It's speculation driven, as to where and how it will stop who knows. But I think the Playstation generation will always lust after the Gran Turismo cars and a lot of that stuff is Japanese, not European...So perhaps the steam will get taken out of the market followed by a recovery later on. If you don't have to sell, don't.

#47 Retro Z

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Posted 14 August 2015 - 10:33 AM

Some Porsce 911 owners are getting all excited about the rise in prices for their cars, it seems that there is a bit of a investment trend for older iconic cars so some caution may be advisable. Although it's hard to consider that S30 and 911 prices will ever go down.




#48 260DET

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Posted 14 August 2015 - 12:41 PM



;D  The comments are even better, serious stuff  :'(

#49 gav240z

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Posted 21 August 2015 - 06:34 PM

http://www.carsales....249?csn_tn=true

An immaculate and perfect 1971 Toyota LandCruiser FJ43 sold for $US115,500 and everyone said “what?”. Since when is a Japanese Jeep worth more than a classic 1937 Cord Phaeton? The Cord sold for $US94,600.


As cool as a Toyota Landcruiser is, I'd take the Cord Phaeton myself. Awesome wedding car, and probably a good money spinner for that sort of thing.

#50 gav240z

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Posted 27 August 2015 - 05:02 PM

Now I'm not picking on the Mazda R100's because I like them, but when did they exceed the $100K AUD mark?

 

http://www.carsales....D-3560112/?Cr=0

$115K AUD

 

http://www.carsales....D-3368642/?Cr=1

$120K AUD

 

http://www.carsales....D-3565675/?Cr=2

$120K AUD

 

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cp4642261610249354861.jpg?height=700&asp

 

 

The world is well and truly engulfed in a speculation / asset bubble.  :

 

I half expected it to be all the same seller, but it's different sellers. Unless they have colluded to sell at the same time with prices set around this mark to make it appear that this is the new norm? Not a bad strategy.

 



#51 PB260Z

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Posted 27 August 2015 - 09:02 PM

If you get a chance , drive a R32 GTR, so nice to drive. Surely these will be Classics.


Absolutely, the challenge is finding an honest one.
IIRC the Aus delivered ones are already well and truly "collectable"

#52 d3c0y

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Posted 28 August 2015 - 10:43 AM

Wow an R100 just isn't worth anything like that to me. I was already struggling with the RX3 coupe for $35k!


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#53 gav240z

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Posted 28 August 2015 - 11:26 AM

Wow an R100 just isn't worth anything like that to me. I was already struggling with the RX3 coupe for $35k!

 

So for me I see 2 sides of this.

 

I tend to agree it's a bit outrageous, but on the other hand I think the market they are trying to appeal to is not an Australian market. Rather they might be trying to appeal to a foreign collector where the depreciating $AUD is making these cars cheaper in their eyes. A collector in Japan might just pay the asking price for an original R100 coupe.

 

These are very rare now, especially because so many were abused and turned into fully hectic drag cars, how many original ones are left?

 

The Mazda Cosmo is probably also pulling values up since they have hit the $250,000 USD mark recently and others may be looking for other early rotary's are pinnacle cars and more so as an investment than anything else.

 

You have to remember about 10 years ago when a Toyota 2000GT came onto the market in Australia priced at $350,000 AUD people were saying it was ridiculous and over-priced also. Time has proved they were wrong.

 

Will it be the same for these? Hard to tell.. you can still get a lot of cool classic cars around the $30,000 range. I've always liked the early rotary coupe's - especially when they were cheap. Funny enough I've always hated the way most were modified though.

 

Either way it does make S30z's look cheap right now...



#54 smugley

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Posted 28 August 2015 - 11:30 AM

Now I'm not picking on the Mazda R100's because I like them, but when did they exceed the $100K AUD mark?

http://www.carsales....D-3560112/?Cr=0
$115K



I sold a mint red R100 in the 90's for about $6 k and I thought I did well
Could even be the one above?  :


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#55 gav240z

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Posted 28 August 2015 - 01:46 PM

http://www.cnbc.com/...r-auctions.html

#56 hmd

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Posted 04 September 2015 - 08:28 PM

Classic Car Show on SBS have a 'buy' on the 240z

#57 gav240z

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Posted 04 September 2015 - 09:41 PM

Looks like an English program.
http://www.sbs.com.a...lassic-car-show

Is it in an upcoming version or has it already aired?

#58 PeterAllen

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Posted 04 September 2015 - 10:00 PM

http://www.sbs.com.a...lassic-car-show

 

At the 33:20 mark.


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#59 gav240z

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Posted 04 September 2015 - 10:20 PM

http://www.classiccarshow.com/

Doesn't look like they have covered a 240z yet.

#60 GongZ

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Posted 04 September 2015 - 11:06 PM

...Is it in an upcoming version or has it already aired?

...Doesn't look like they have covered a 240z yet.

 

The episode was on SBS Sydney tonight at 7:30pm - I missed it, but used Peter's link to watch it on the "SBS on demand" website.

(You can skip through the show - but it seems that you have to sit through all the ads up to the point you want to see before you can view it.)

 

At the 33:20 mark the presenter, Quentin Willson, talks about "some future classics that might make you some money". The cars he nominates are:

  • the Renault Clio Williams 1
  • the Datsun 240Z
  • the Jeep CJ.

 TCCS 240Z.JPG

 

Here is what he says about the 240Z:

 

"Datsun 240Z which we know is a sports car but it was the best looking sports car ever to come out of Japan, and it outsold the E-type Jaguar. Now performance, respectable, 125 miles an hour, 0 to 60, 8 seconds, but it has become a really, really cool icon, which is why prices have gone up steadily.

There was a time when you'd be able to pick one up for £10,000, now a really nice 240Z is £25,000 and rising. You should get a 71, 72 manual, and you should get it from America where you've got a dry state. They look absolutely wonderful period, they're great for historic racing, and my bet is they're going to go past fifty grand one day."


Edited by GongZ, 04 September 2015 - 11:17 PM.





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