the Ferrari market watch thread | Page 1276 | FerrariChat

the Ferrari market watch thread

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

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  1. PAP 348

    PAP 348 Nine Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    99,167
    Mount Isa, Australia
    Full Name:
    Pap
    They call me pit boss. :p
     
  2. F-Serge

    F-Serge Formula 3

    Aug 3, 2004
    1,921
    UAE
    Full Name:
    Serge
    I'm sure they call you many names :p
     
  3. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    25,469
    Sydney,Australia
    Full Name:
    Greg
    You won't see a significant correction in the property market, normal cycle will continue. Next boom in 7 years. Popoulation continues to grow at a rapid rate, think the last figure I saw was 300k migrants per year. They have to live somewhere
     
    Maranello550 likes this.
  4. Maranello550

    Maranello550 F1 World Champ
    Owner Silver Subscribed

    Aug 25, 2011
    12,324
    HongKong
    Full Name:
    Gary
    Maybe at the moment but the 360 is not a blue chip car Serge.....Neither is the Stradale yet and the prices of CS cars are starting to head south in the U.K. On prices achieved and not stupid asking prices.......They will all head south at a rate of knots when money dries up and people have to sell........I don't mind this happening as I still have 2 empty car spots.......maybe a 246 and a 330 GTC.......:)
     
    Steve355F1, DMWC and knocker like this.
  5. Maranello550

    Maranello550 F1 World Champ
    Owner Silver Subscribed

    Aug 25, 2011
    12,324
    HongKong
    Full Name:
    Gary
    The problem with that is China is built on a Ponzi scheme with major cracks already starting to form.....If they go down we are well and truly ****ed.....The dollar and the property market has already started coming off.......
     
  6. F-Serge

    F-Serge Formula 3

    Aug 3, 2004
    1,921
    UAE
    Full Name:
    Serge
    not a blue chip car - same was said about 246 and 355 and countless others, and here we are. As for the wider price correction - economy goes in cycles, main thing is hold on to your assets and (if you're lucky enough) buy more when **** hits the fan.
     
    Maranello550 likes this.
  7. PAP 348

    PAP 348 Nine Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    99,167
    Mount Isa, Australia
    Full Name:
    Pap
    Cheers levendi. I didn't realize there are 300K migrants moving here each year. :eek:

    Oh well, this country can keep on ****ing itself.

    When I retire, I am going to pack up and move to Greece and live off the land. :oops:
     
    575, Its328, knocker and 1 other person like this.
  8. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    25,469
    Sydney,Australia
    Full Name:
    Greg
    = buy and don't sell
     
    Maranello550 likes this.
  9. Maranello550

    Maranello550 F1 World Champ
    Owner Silver Subscribed

    Aug 25, 2011
    12,324
    HongKong
    Full Name:
    Gary
    246 and 355 aren't blue chip.....F40s, 250 Lussos GTOs etc are the cars I think will be recession proof.....Agreed the key is to try and hold on to the next cycle and take the opportunities in between.......:)
     
  10. Maranello550

    Maranello550 F1 World Champ
    Owner Silver Subscribed

    Aug 25, 2011
    12,324
    HongKong
    Full Name:
    Gary
    100%.......:)
     
  11. knocker

    knocker F1 World Champ
    Silver Subscribed

    Jul 10, 2017
    11,780
    Sydney Aus
    Full Name:
    Adrian
    Nice Idea Pap I’ll be next door in France in my BnB Chateau Hopefully with a dusty old 360 in the barn and a large wine collection (and my wife)


    Sent from my iPhone using FerrariChat.com mobile app
     
  12. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    25,469
    Sydney,Australia
    Full Name:
    Greg
    My mistake

    Migrants about 245,000, net increase in population 388,100 :eek:

    https://www.theaustralian.com.au/national-affairs/immigration/migration-surges-pushes-population-to-246-million/news-story/5894c42437a3d990c1e3f832ede6f19e

    https://www.reuters.com/article/us-australia-economy-population/australias-population-growth-outpaces-world-as-migrants-rush-in-idUSKBN1E80HT

    Major cities will continue to show strong growth in property prices with minor dips, it's not rocket science
     
  13. PAP 348

    PAP 348 Nine Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    99,167
    Mount Isa, Australia
    Full Name:
    Pap
    Sounds like a plan, you guys can come past each month when I slaughter the goat and we can have a BBQ. :)
     
    knocker likes this.
  14. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    25,469
    Sydney,Australia
    Full Name:
    Greg
    Spit roast malaka
     
  15. knocker

    knocker F1 World Champ
    Silver Subscribed

    Jul 10, 2017
    11,780
    Sydney Aus
    Full Name:
    Adrian
    That sounds lovely, I’ll bring some vino


    Sent from my iPhone using FerrariChat.com mobile app
     
  16. simon klein

    simon klein Two Time F1 World Champ
    Owner Silver Subscribed

    Feb 25, 2009
    28,802
    North Qld
    Full Name:
    simon klein
    Not the 330 at Oldtimer I'd wager....wouldn't go near it at the dosh they want.
     
    Maranello550 likes this.
  17. DMWC

    DMWC Formula 3

    Jan 23, 2013
    1,718
    Sydney Australia
    Full Name:
    David C
    I share your desire for a 246 and a 330 GTC although I have no space in my garage and I have a healthy Sydney mortgage that will curtail my dreams for a few years


    Sent from my iPhone using FerrariChat.com mobile app
     
    kena and Maranello550 like this.
  18. PAP 348

    PAP 348 Nine Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    99,167
    Mount Isa, Australia
    Full Name:
    Pap
    Yep, can't wait to leave this Country.
     
  19. PAP 348

    PAP 348 Nine Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    99,167
    Mount Isa, Australia
    Full Name:
    Pap
    That's when you come and visit. ;)
     
    greg246 likes this.
  20. PAP 348

    PAP 348 Nine Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    99,167
    Mount Isa, Australia
    Full Name:
    Pap
    Ella re ella! :D
     
    knocker likes this.
  21. Its328

    Its328 F1 Rookie

    May 31, 2017
    3,055
    Brisbane
    Full Name:
    Kim
    And let’s not forget there are 1000’s, probably 100,000’s of people that are mortgaged to the hilt. When interest rates rise at some stage there’ll be trouble!!
     
    Maranello550 likes this.
  22. sinkman

    sinkman Karting

    Oct 28, 2010
    245
    Melbourne Australia
    Full Name:
    Phil
    This car is a beautiful and faithful reproduction on a correct 2500 chassis and supercharged engine. All reburbished.
    The body was built the old fashioned way (wooden buck and english wheel in aluminium) by Historic & Vintage Restorations in Blackburn Melbourne for a Melbourne Cardiologist and car collector.

    The Alfa second car referred to in a post is in Melbourne in a private collection and is faithfully based on the 1940 Libyan GP racer. Alfa Romeo fielded two cars in that race. Neither survived the war - that we know of. Interestingly, both cars had a new and novel electric fuel injection system. At the outbreak of Italy's involvement in the WW2, the secret of a high performance electric injection engine was spirited away by the Italian government. The working drawings were found post-war and this other Alfa car has an electric injection system built from the re-discovered plans. A massive achievement! It never goes out or is shown but is maintained by an old Alfa guy. A real gem about 5 kms from where I live. It is part of a large private collection that I was lucky enough to see about 10 years ago.

    The Devaux car is magnificent. Godspeed to David Clash and his vision. I just wish he managed to sell a few more of these breathtaking cars.
     
    Maranello550 likes this.
  23. dstama

    dstama Karting

    Dec 24, 2017
    73
    Full Name:
    D
    A big driver of a a subdued property market imo is the fact that finance is now much harder to come by

    Regulatory pressures have meant banks have tightened up serviceability which means a lot of people can't borrow what they used to and it's therefore much much harder spending as much on a property
     
    Maranello550 likes this.
  24. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,573
    Full Name:
    Mike
    Maranello550 likes this.
  25. IanB

    IanB F1 World Champ
    Owner

    Jun 15, 2006
    15,624
    Sydney
    We judged that car at the WA rally concorso in 2016, it is stunning. Best TR series car I've ever seen.

    Probably too perfect to actually drive, but beautiful all the same.
     

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