Vic Roads were sued over something similar and they lost. I doubt there will be any more heritage plate rip off's.
I have been interested in the heritage plates since I was a teenager. In those days they couldn't sell the plates by themselves and they had to attach them to the cheapest car possible and then auction that. It was quite amusing to see them auction a Moris Minor that went for big, big dollars I have been keeping the auction and private sale results for about 10 years now. You want to be careful with that old 10% growth rule as it over simplifies the real picture. Real estate has huge buy and sell costs, holding costs and of course taxes when you sell. Number plates have none of those
Lol, cool. Ok, so what are your thoughts? I know that, I was just using the 10% yearly RE growth as an example. Plates are one of the best investments as its only a little piece of tin that sits in your safe (or hidden in your bookshelf). Do you think plates 'grow' 10% pa?? I know every number is different. People would go crazy for some numbers and not others. If I buy Q1590 for $10K today, will it be worth $20K in 10 yrs time you think?
when my father had 87,130 and 221 they were all bought with cars ie 87 with a alloy XK120 chassis no 47 and 221 was on a Rolls Royce Silver Wraith.
50% all has to do with some serious homes being sold in the last year,as opposed to the previous year with bungalows were being sold. Image Unavailable, Please Login
That could hardly be confused with a heritage plate now could it? They were sued for issuing enamel plates in the same style as the originals, often with numbers that never existed in period e.g # 027 or # 0 etc, etc
Heritage plates are not "one rule covers all" so to speak. There is tremendous variation across the spectrum. The only investment grade plates are single, double and triple digit plates- forget the rest. The best of those would have done way better than 10% p.a. If you buy a QLD heritage plate it won't get anywhere near 10% IMO. Another quirk is that only the VIC and NSW heritage plates make the big bucks. The other states lag way behind. It is a very odd market
drive around the better areas like Toorak every second car has a heritage plate,the serious people have single and double numbered plates,as for the rest "try hards"
Cool man, thanks for that. I *kinda* thought those plates didnt follow the 10% growth rule. I was on the right track. Some numbers out perform the others by A LOT. I really want a Q plate, just love the style of them. But I dont really want to spend big bucks to get a "good" number. Even though they would be a good investment if I buy the right number, of course. Thanks again for taking the time to explain man. Wow, that is a REALLY big house you have there!!!! Spare a room for Pappy next March for F1? Ill be good and I wont molest Terry.
It was once the most expensive suburb in Australia, I would hope there were some 'prestige' plates driving around there somewhere.