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is now the best time to buy (or sell) your boat?

Thinking about buying or selling a boat? You’ve likely come across headlines wondering if the boat sales market is on the rocks. Let’s dive into what’s happening around Australia, with a specific focus on Victoria, to help you navigate the current market.

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So, Are Boat Sales Slowing Down?

Nationally, there’s a mixed picture. The boom experienced during the pandemic has eased, but a complete slowdown isn’t quite the case. The good news? There’s still healthy demand, particularly for pre-owned boats. The Australian Bureau of Statistics (ABS) reports continued growth in recreational boating registrations, indicating people are still keen to hit the water.

Here in Victoria, things are similar. While the rapid sales pace of the past couple of years might have eased, there are still plenty of buyers out there. Victorian registration numbers remain strong, suggesting Victorians’ love for boating is here to stay.

What Does This Mean for Sellers?

If you’re looking to sell your boat in Victoria, here are some things to consider:

  • Price it realistically: Research similar boats for sale and set a competitive price. Remember, the market has adjusted from its peak.
  • Highlight your boat’s strengths: Is it well-maintained? Does it have desirable features? Showcase these aspects in your listing.
  • Consider consignment: Teaming up with a reputable boat dealer can give your sale more exposure and expertise.

Tips for Potential Buyers in Victoria

Thinking of buying a boat? Here are some pointers:

  • Be patient: The market might have more options now, but finding the perfect boat might take some time.
  • Do your research: Know what type of boat suits your needs and budget. Get familiar with common models and their value range.
  • Consider pre-owned: With a wider selection and potentially better deals, pre-owned boats can be a great option. Get a qualified marine mechanic to inspect the boat before you buy.

Regardless of Whether You’re Buying or Selling…

Here at My Boats for Sale, we’re here to help you navigate the Victorian boat market. We can assist with:

  • Selling your boat: We can can source the right potential buyers and guide you through the selling process.
  • Finding your dream boat: We have access to a wide range of boats to choose from.
  • Maintaining your boat:  Whether you are preparing your boat for sale, or just want to make sure your next boat stays in top condition.

Contact us today for a free consultation!

P.S. Do you have any questions about the Victorian boat market? Contact us and we’ll be happy to help!

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