August 2016 price update for the Australian Classic Car Market

The month of August, 2016 has brought more continued and steady growth in the Australian Classic Car market, continuing on from last month's solid numbers. The average sale price for most of the cars listed below are up by around $2,920 this month across the board, meaning a little more pocket money for the owners of these cars. With Summer just around the corner in Australia, prices will really take off again now that the market is so lively.

The past 4 years of substantial growth in the European market continue to be reflected now that the Australian market is leading the world in terms of growth, and so the staggering margins remain. The European market continues to witness no value drops except within the pre-1940 and 1950's cars, and this continues to be due to the fact that the interested parties are now too old or have passed away. By way of a guide to growth, here are the August, 2016 values as of yesterday, as they are entered into the Australian Classic Car Valuation Tool.

                       Average August 2015 price                                  Average August 2016 price

Jaguar E-Type Series 1             $195,000                                                            $384,000

Porsche 911 SC Coupe              $22,650                                                              $113,800

Porsche 930 Turbo 3.3              $98,400                                                              $270,600

Ferrari Testarossa                      $202,200                                                             $469,100

Ferrari 308 GTB                            $97,200                                                               $177,500

Mercedes 280SL Pagoda         $64,900                                                               $199,000

Mercedes 280SE V8 Coupe     $69,300                                                               $156,300        

Datsun 240Z                                  $28,600                                                                $79,200

Datsun 260Z                                  $9,500                                                                  $38,700

Nissan Skyline R32 GTR         $17,400                                                                $39,800

As we said last month, some of these cars are reaching the top of their growth cycle, as they have all seen such strong growth over the past 12 months. There are now another 22-30 Classic Cars that have just begun their growth cycle, and so clearly they are the cars that we are investing in. Should you wish to join us, please give us a telephone call on our Freecall Number, which is 1800 001017 to get involved with some of the great new cars coming into their own, which includes many cars from the 1990's and into 2000 (New Classics).

Wealth Creation the fun way........