As we predicted back on July 15th, 2016, the long, slow decline in Sydney and Melbourne property values is well underway.
Thankfully, we sold most of our Property Investments throughout 2017, ahead of the Perfect Tsunami that lies ahead.
Never before have we seen so many events unfold together.
1) An Investor (Chinese and others) driven boom that saw house values rise too steeply over a greater period than usual
2) The roll over of many Interest only loans into Interest and Principle in September 2018, as Matt Comyn from the CBA has just highlighted
3) A Royal Commission into the Banking Industry that has severely reduced lending, as well as severaly reducing the value of some major Australian Institutions, such as AMP
4) Bank Interest Rates (not the RBA) that have to rise to keep pace with where they are borrowing from.........Overseas
We are now experiencing our greatest boom in new astute investors coming on board, which is a clear sign.
That is why we like Aston Martin's so much !
They rise, rise again, and then keep on rising for evermore, which is why we have plenty of them. Get on board now with an Aston Martin before they are ALL out of reach. Call us to discover which one's we purchase, and which one's we leave behind.........
Mitsubishi's 3000 GT 1990's Supercar hits the press in Britain
As we all know, when a car becomes a Classic, it instantly becomes written about, and then the rapid and steep value rise begins. We began collecting these cars two years ago, and since then the gains in Australia have been steady. Now that these 4WD Twin Turbo Supercars are hitting the news on page 82 of Modern Classics Magazine, everyone will be out grabbing these cars. The report states that there are just 262 left in the U.K.
As always, one has to know what Classics to purchase, well ahead of them becoming popular
BMW M3's achieving strong returns
As we discussed with our Investors 18 months ago, M3's were bound to explode, given the statistics.......
There were 1383 CSL's built, and they were a genuine improvement on what was already a great machine, being 110 kgs lighter and having uprated camshafts and suspension, along with beefier brakes.
Whilst $70 Million was reportedly achieved by another 250 GTO, this car may be the most expensive sold at Auction
There were just 39 of these cars built, and all still exist today. A recent sale of another 250 GTO has made this a special year so far for these great (and quick) cars, and so when this car is auctioned by Sotheby's in August, the world will be watching....
$1,000,030 was paid for Jeff Thompson's Falcon last weekend
Whilst we are aware of several GTHO's that sold for around the 1 Million mark 10 years ago, this is still an interesting sale. We also note that after these cars sold for high prices 10 years ago, they plummeted to just $2-300,000 in 2015/2016, due to only appealing to a percentage of 22 Million people.
Up more than 1000% so far..............Even Classic Trucks have skyrocketed in value.
Although we generally only guide our Investors with Classic, and Modern Classic Car Purchases, we have to recognise the growth in trucks and utility's.
This RA25 Toyota Celica 2000GT is a real joy to see.....
Rarely do these great car come up for sale, and so this is indeed a special oppurtunity, as certain Japanese cars see massive value gains. If you want to Invest in the fastest rising Classic Cars, call us to discuss you're options.
This ex-Le Mans Porsche 911 RSR Turbo recently came up for Auction at Amelia Island
We believe that the car did not sell, and it's estimated value was $6-8 Million.
The Lotus Factory Active Suspension car is now for sale
As the values of Lotus's continue to rise strongly as people discover how fabulous these cars are to drive, this very sought after car comes onto the market for £150,000. Although this car requires a complete recommission, it still represents an awesome oppurtunity.
Why do we NEVER take a long position on 1970's and 1980's Ferrari's ?.
We purchased hundred's of Ferrari 308 GTB's, GTS's, GTSi's and 328's in 2014 and 2015, and sent them ALL to the U.K, where the market was on fire across those years. We have never purchased another one since. As everyone is aware, these cars are not fabulous to drive, and so are really only of value for aesthetic purposes, or for the badge. The trend was always going to shift to cars that steer, brake and drive like a proper race car on the street, and are available at much lower prices.
This Global realisation is no suprise, as it has been coming for 32 months now. As a result, there are no more buyers for these early Ferrari's, and so down they go. That is why we NEVER invest in early Ferrari's over the long term, or indeed other models from the 1950's, 60's and 70's. These cars were appreciated by people that are now very old, or no longer with us. All our cars rise and rise, and will never fall in value. Call us now before all the correct cars that we invest in, become unaffordable.
BMW M635 CSi sells for $100,000
The Shannons Sydney Classic Auction took place yesterday, and the sales results were published today. There were one or two interesting cars that were sold, including a nice 635 CSi.
China now Investing in Classic Cars
As the new Asset Class of Classic Cars grows exponentially, certain parts of China that can import Classic's, are now getting in on the action. Whilst this News Article from the South China Morning Post is 5 months old, it seems that the momentum is even greater now than then in Hong Kong.
Another 1974 2 door Range Rover sold last weekend, this time in Tuscan Blue.
In line with the fast rising trend in Range Rover prices, we are rushing to complete the restorations on many, many examples right now. Amongst our collection are many Suffix A's, which Jaguar Land Rover will be selling for $300,000 (£165,000). Their current "Reborn" Suffix D onwards vehciles are only $245,000 of course, as everyone knows (£135,000). Parts are a real issue for these early vehicles, which is why we are making some of the trim and rubberised parts.
Holden Commodore VL SS Walkinshaw Group A sells for $340,000
As we all know, Australian Holden's and Ford's have a very strong following in Australia, although are seldom found elsewhere.
As a result, Holden's and Ford's suffer from rises and falls in value (Ford's GTHO Phase III's were once worth almost AU$1 Million, and are now worth less than half that value), because they are appreciated by a percentage of 22,000,000 people.
Similarly, European Classic Cars are appreciated by exactly the same percentage of a Global population, and therefore only ever rise. That is why all of our Investors only ever purchase solid gold Investment Classic Cars with considerable gains ahead of them.