the Ferrari market watch thread | Page 1883 | FerrariChat

the Ferrari market watch thread

Discussion in 'Australia' started by ashsimmonds, Oct 21, 2006.

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  1. knocker

    knocker F1 World Champ

    Jul 10, 2017
    12,306
    Sydney Aus
    Full Name:
    Adrian
    Errr.. yep shure [emoji51]
     
  2. knocker

    knocker F1 World Champ

    Jul 10, 2017
    12,306
    Sydney Aus
    Full Name:
    Adrian
    Probably [emoji849]
     
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  3. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    26,642
  4. knocker

    knocker F1 World Champ

    Jul 10, 2017
    12,306
    Sydney Aus
    Full Name:
    Adrian
  5. Maranello550

    Maranello550 F1 World Champ
    Owner Silver Subscribed

    Aug 25, 2011
    12,433
    HongKong
    Full Name:
    Gary
    greg246 likes this.
  6. Steve355F1

    Steve355F1 F1 World Champ
    Owner

    Aug 26, 2011
    17,167
    Adelaide, South Aust
    Full Name:
    Steve
    greg246 likes this.
  7. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,674
    Full Name:
    Mike
    So you reckon nothing to do with the flooding the other month ? :eek:
     
    Maranello550 likes this.
  8. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,756
    Australia
    Full Name:
    John
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  9. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,756
    Australia
    Full Name:
    John
    Something is in the wind, houses listed near me are taking nearly a week to sell now .... couple of months ago they were gone overnight
     
    wrxmike likes this.
  10. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    I actually saw that car for sale on a Facebook Mackay Buy Swap Sell page around a month or so ago.

    A friend made contact with him when he saw it for sale online and the car is actually located in Mackay, not the Gold Coast.

    Two different sellers also, but the pics were the same. I thought it was a scam at first, but the Gold Coast seller admitted the car is located in Mackay.

    It was enough for my friend to walk away from it anyway.
     
    knocker likes this.
  11. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    Lol, that would be my luck also. :D
     
  12. knocker

    knocker F1 World Champ

    Jul 10, 2017
    12,306
    Sydney Aus
    Full Name:
    Adrian
    It wouldn’t touch those properties Mike they’re on much higher ground but you never know it’s frightening when that rivers at full tilt.
     
  13. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    Obviously cashing in now while they can before the market corrects itself. :D
     
    knocker likes this.
  14. kerrari

    kerrari Two Time F1 World Champ

    Oct 22, 2004
    24,044
    Coolum Beach AUSTRALIA
    Full Name:
    Karen H.
    Local real estate agent here says they now reckon the market peaked in October 2021. Agents windows now full of ‘for sale’ rather than ‘sold’ signs.
     
    PAP 348 and knocker like this.
  15. Maranello550

    Maranello550 F1 World Champ
    Owner Silver Subscribed

    Aug 25, 2011
    12,433
    HongKong
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    Gary
    Was it that 996 Porker Pap?…Mate of mine is looking at one in Mackay..Is there anyone up that way whom you can trust to do a PPI?…
     
    PAP 348 likes this.
  16. kryten2001

    kryten2001 Formula 3

    It certainly is an interesting point worthy of discussion.

    On one hand you've got cheap money drying up and Covid lockdowns ending. This will take the wind out of the sails of people's ability to afford and be bored enough to spend/make excuses to spend.

    On the flipside of course, depending on how bad inflation gets, things like rare cars/artworks/collectibles can often do quite well compared to other "investment" items.

    Personally I don't view mine as an investment, more an indulgence/hairloom/money pit so I don't speculate, but I do wonder what's going to happen to the broader luxury/collectable market over the next few years.

    Certainly average condition/common/non collectable-status cars that have gone up in value a lot over the last few years may very well take a healthy hit.

    I also wouldn't want to be in the position of making rash decisions on whether to buy or sell based on shortish terms in the fluctuations of values. Some of these cars don't come around very often, if at all.
     
    knocker and greg246 like this.
  17. knocker

    knocker F1 World Champ

    Jul 10, 2017
    12,306
    Sydney Aus
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    Adrian
    It’s certainly odd, but the regular folks, especially the first time buyers are still queuing up to pay top dollar for their first home, I hope we’re all wrong for their sakes.
     
  18. knocker

    knocker F1 World Champ

    Jul 10, 2017
    12,306
    Sydney Aus
    Full Name:
    Adrian
    It’s scary out there, so much money involved and not a lawyer for miles, just come have a look, spend $1000 on a ppi praying the cars ok then hope the financial transaction goes well, not for the faint hearted [emoji51]
     
  19. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    I believe it, the window will be full of for sale ads now while people still try to get top dollar for their homes before prices settle down in 22/23.
     
  20. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    No sorry mate, it was that red 348 Spider in Mackay that I saw for sale. :)

    I just remembered, I have an ex-work mate that just moved there and set up his own w/shop. He's never worked on anything exotic, but he's definitely a good mechanic if you're interested in him taking a quick look?

    Let me know if you're keen man and I will get onto him.
     
  21. kerrari

    kerrari Two Time F1 World Champ

    Oct 22, 2004
    24,044
    Coolum Beach AUSTRALIA
    Full Name:
    Karen H.
    Prices are already getting lowered here. Another sign of the change is a big 4WD and off-road caravan parked on the corner with a ‘for sale’ sign - people had been queuing up for these things until now.
     

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