J.J. Posted 26March, 2015 Report Share Posted 26March, 2015 yeah interest rates were higher but house prices were a hell of a lot lower, its all relative.. these days $500,000 buys very little, back in 86 $500,000 went a very very long way Link to comment Share on other sites More sharing options...
tazzieman Posted 26March, 2015 Report Share Posted 26March, 2015 yeah interest rates were higher but house prices were a hell of a lot lower, its all relative.. these days $500,000 buys very little, back in 86 $500,000 went a very very long way But cars were expensive! That local 928 was bought for the equivalent (cf house prices) of around 1.2 million. $500,000 gets you a nice little house not too far from the Hobart CBD but not in the world's 3rd most expensive city of course. Link to comment Share on other sites More sharing options...
npvpositive Posted 27March, 2015 Report Share Posted 27March, 2015 Interesting what a difference two weeks makes! When that 3.2 that was auctioned at Shannons for $53k the general view on the forum seemed to be that it was evidence the 3.2 market remains relatively sensible . . . $50k for high km, poor provenance to $60k+ for lower km and good provenance. Here we are are just two weeks later talking about $80k plus for a good car! That owner of the red one is asking $78k and God knows what CTS is asking for their grey one. I suppose there's a difference between asking and getting . . . even in this crazy time of low interest and QE there are not many people who will write a $80k cheque for a 3.2 when they could buy a 997 or low km Boxster for the same $. Link to comment Share on other sites More sharing options...
Peter M Posted 27March, 2015 Report Share Posted 27March, 2015 ........a 3.2 when they could buy a 997 or low km Boxster for the same $. Nick, I think they are very different market segments and more strongly correlated to era rather than best buy within the brand for the available $. Oh, BTW CTS are asking $90k for their 3.2! Link to comment Share on other sites More sharing options...
turboT Posted 27March, 2015 Report Share Posted 27March, 2015 Nick, I think they are very different market segments and more strongly correlated to era rather than best buy within the brand for the available $. Oh, BTW CTS are asking $90k for their 3.2!And in addition to this these are probably guys and girls who already have a modern P car so it's not a question of one or the other. Link to comment Share on other sites More sharing options...
GM911 Posted 27March, 2015 Report Share Posted 27March, 2015 Interesting what a difference two weeks makes! When that 3.2 that was auctioned at Shannons for $53k the general view on the forum seemed to be that it was evidence the 3.2 market remains relatively sensible . . . $50k for high km, poor provenance to $60k+ for lower km and good provenance. Here we are are just two weeks later talking about $80k plus for a good car! That owner of the red one is asking $78k and God knows what CTS is asking for their grey one. I suppose there's a difference between asking and getting . . . even in this crazy time of low interest and QE there are not many people who will write a $80k cheque for a 3.2 when they could buy a 997 or low km Boxster for the same $. Hi All I bought the "Shannons" 3.2. My first foray into classic Porsche ownership following several years with classic Ferraris (not sure which one is the "dark side" now ) Happy to report that the 3.2 is just lovely. I thought the car was a bargain which is why I bought it on a whim. A stack of receipts dating back to 2000 as well as service books back to day 1. The car has been very well looked after. I'm not sure about any engine work but it pulls strongly with no smoke so I suspect something has been done to it in the past. Similarly the gearbox action feels new. Apologies in advance if I ask any dumb questions regarding these cars! Cheers Greg Link to comment Share on other sites More sharing options...
G5032 Posted 27March, 2015 Report Share Posted 27March, 2015 U got great colour GM welcome!! Link to comment Share on other sites More sharing options...
GM911 Posted 27March, 2015 Report Share Posted 27March, 2015 U got great colour GM welcome!! Yep, the colour is what really sucked me in! Link to comment Share on other sites More sharing options...
84911C Posted 27March, 2015 Author Report Share Posted 27March, 2015 Nice work GM911!, great buy too, enjoy it. Link to comment Share on other sites More sharing options...
poli84 Posted 27March, 2015 Report Share Posted 27March, 2015 Hi All I bought the "Shannons" 3.2. My first foray into classic Porsche ownership following several years with classic Ferraris (not sure which one is the "dark side" now ) Happy to report that the 3.2 is just lovely. I thought the car was a bargain which is why I bought it on a whim. A stack of receipts dating back to 2000 as well as service books back to day 1. The car has been very well looked after. I'm not sure about any engine work but it pulls strongly with no smoke so I suspect something has been done to it in the past. Similarly the gearbox action feels new. Apologies in advance if I ask any dumb questions regarding these cars! Cheers Greg Hi Greg, Welcome. Glad you are enjoying your 3.2. Please start a thread with a lot of photos. Thanks. Link to comment Share on other sites More sharing options...
Dreamr Posted 27March, 2015 Report Share Posted 27March, 2015 To all those paying off their mortgage , imagine buying your first house in '86 with the interest rate at 18% No fancy cars for us back then (just my HR Holden and a Fiat 128)Just slightly off Porsche topic ....I am an avid collector of print media and recently listed this for sale on ebay .... granted its from 1985 but shows exactly what you are saying above ....http://www.ebay.com.au/itm/1985-Home-Loan-Rates-to-Rise-13-5-Newsagent-Newspaper-Poster-Headline-/191543872662?pt=LH_DefaultDomain_15&hash=item2c98e78c96 Link to comment Share on other sites More sharing options...
tazzieman Posted 27March, 2015 Report Share Posted 27March, 2015 Hi All I bought the "Shannons" 3.2. My first foray into classic Porsche ownership following several years with classic Ferraris Well done Greg ; smart move The money you save on Fezza bills will get you into your 2nd then 3rd Porsche. Though I'm sure you have some stories about the Ferraris to tell us in due course! Link to comment Share on other sites More sharing options...
Norm Posted 27March, 2015 Report Share Posted 27March, 2015 Nice car Greg, and congratulations. U got great colour GM welcome!! I have the same colour. That makes three of us now! Link to comment Share on other sites More sharing options...
GM911 Posted 27March, 2015 Report Share Posted 27March, 2015 Well done Greg ; smart move The money you save on Fezza bills will get you into your 2nd then 3rd Porsche. Though I'm sure you have some stories about the Ferraris to tell us in due course! First thing I noticed when i went thru the invoices was how bloody cheap these cars are to maintain! The biggest Ferrari bill I had was a butt clenching $60k for a full rebuild on a carby V12 :eek: The Ferrari classic car market is really hot right now, stupid hot. My last car was sold to Hong Kong late last year for crazy money. IMO classic Porsches still have some way to climb. I'll start a new thread in the introduction section at some stage with more stories and pics Link to comment Share on other sites More sharing options...
tazzieman Posted 27March, 2015 Report Share Posted 27March, 2015 The biggest Ferrari bill I had was a butt clenching $60k for a full rebuild on a carby V12 I thought as much! Though I had sorta hoped that you were going to say you've rebuilt a few over long winter evenings Link to comment Share on other sites More sharing options...
GM911 Posted 27March, 2015 Report Share Posted 27March, 2015 I thought as much! Though I had sorta hoped that you were going to say you've rebuilt a few over long winter evenings really wish I had the skill set to do that Link to comment Share on other sites More sharing options...
Coastr Posted 27March, 2015 Report Share Posted 27March, 2015 Hi All I bought the "Shannons" 3.2. My first foray into classic Porsche ownership following several years with classic Ferraris (not sure which one is the "dark side" now ) Happy to report that the 3.2 is just lovely. I thought the car was a bargain which is why I bought it on a whim. A stack of receipts dating back to 2000 as well as service books back to day 1. The car has been very well looked after. I'm not sure about any engine work but it pulls strongly with no smoke so I suspect something has been done to it in the past. Similarly the gearbox action feels new. Apologies in advance if I ask any dumb questions regarding these cars! Cheers Greg Hey, welcome. I reckon you stole that car If it pulls nice and doesn't smoke and there are no receipts, chances are it could still be original. Stranger things have been known to happen than high mileage Porsches going and going. I'm jealous you just walked into an auction, bought on a whim and walked out with a beauty. I'm not jealous of your ferrari receipts Link to comment Share on other sites More sharing options...
BJM Posted 27March, 2015 Report Share Posted 27March, 2015 Good stuff Greg. Hope to see you on a SMT soon. Link to comment Share on other sites More sharing options...
GUT Posted 28March, 2015 Report Share Posted 28March, 2015 That is a beautiful car. They just look so good when they are original, optioned nicely and un-fiddled like that. I wonder if that is getting back to the original 1986 purchase price? And sold pending final payment... Link to comment Share on other sites More sharing options...
ByronBayChris Posted 28March, 2015 Report Share Posted 28March, 2015 $80k cheque for a 3.2 when they could buy a 997 or low km Boxster for the same $. For me, it is the depreciation. An $80k 997 will still drop in value and have maintenance costs. Hopefully the 3.2 would hover or even increase over time. A 997 would be nice as a dd though Link to comment Share on other sites More sharing options...
Peter M Posted 28March, 2015 Report Share Posted 28March, 2015 This '86 for $78,000 is comparable: http://www.carsales.com.au/private/details/Porsche-911-Carrera-1986/SSE-AD-3312054/?Cr=26Be interesting to see how long this one and the CTS one stay for sale for.I've long since given up being sceptical as have been proven wrong too many times..... And sold pending final payment...Gone to a PFA member I hear. Link to comment Share on other sites More sharing options...
GUT Posted 28March, 2015 Report Share Posted 28March, 2015 Very nice looking car Link to comment Share on other sites More sharing options...
Carrera86 Posted 30March, 2015 Report Share Posted 30March, 2015 Here's some more pics: https://www.flickr.com/photos/37118432@N05/ Hey turboT, $75k, was your friends mechanically done like mine? I honestly can say there's nothing to be done to this one and have all receipts to back it up. Wow, 80k, maybe i should stick it on Carsales and see what happens? Have you decided to keep it ? Link to comment Share on other sites More sharing options...
npvpositive Posted 31March, 2015 Report Share Posted 31March, 2015 Looks like the red one and the grey one at CTS have both sold. Welcome to the bubble! Link to comment Share on other sites More sharing options...
Peter M Posted 31March, 2015 Report Share Posted 31March, 2015 This '86 for $78,000 is comparable: http://www.carsales.com.au/private/details/Porsche-911-Carrera-1986/SSE-AD-3312054/?Cr=26 Be interesting to see how long this one and the CTS one stay for sale for. I've long since given up being sceptical as have been proven wrong too many times..... So the $78k one sold 3 days later and the $90k CTS is under offer a week later. I don't think these two are really representative of the average C3.2 having 123,000 and 143,000km respectively and the red one particularly being absolutely pristine. When I look back these numbers, allowing for the CTS premium, aren't that far different to the pristine ones of 18 months ago. However there does seem to be a greater proportion of pristine ones for sale at the moment and hardly any average (220,000+) kilometre ones. The tiny sample size does make it hard to "size" the trend but not convinced it's a bubble yet! Link to comment Share on other sites More sharing options...
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