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  Industry stats indicate how market is moving, Queensland Show closes | | Bavaria power boats on Sydney Harbour Ozad Fowler |
Statistics provided by Australian importer of Bavaria Yachts, Ensign, make interesting reading this week. In 2002 it was $10,000 per foot to buy a yacht and boat owners would typically spend a similar amount on their house purchase.
In 2017 the price per foot of boat is still at the 2002 level whereas the housing market has soared and Sydney's median house is now $1.15 million versus $387,500 back then. Although surprisingly given the rate of growth in the million dollars plus marketplace, there aren't droves of prospective buyers who can justify spending $1 million or more on a boat. And there's no need given the affordability and choice in power and sailing boats now being sold in pre-GFC unit numbers by Bavaria Sail & Power's Australian retailer Ensign.
 | | BavariaYachts production facility Bavaria Yachts |
Monohulls were the stable marketplace from the early 2000s up until the GFC when sales in yachts versus powerboats evened out. Yacht sales in Australia remain a little stagnant however the waterline length is increasing as technology such as GPS, furling sails and navigation makes bigger boats easier to handle.
 | | The Gold Coast International Boat Show is held right in the heart of Australia's boating industry capital at Coomera Gold Coast Marine Expo |
It is always disappointing when a boating promotion decides to close. The Gold Coast International Boat Show and Marine Expo had been cancelled for 2018. Emma Brown, the long-serving Event and Marketing Manager of the Gold Coast International Boat Show and Marine Expo said “After lengthy consideration, the committee has reluctantly reached this decision, especially following the success of our 2017 show for both our valued boating enthusiast visitors and exhibitors”. The award winning Gold Coast International Boat Show and Marine Expo has grown significantly through its seven years of operation, welcoming more than 140,000 people through the gates in that time.
 | | Ms Mary Anne Edwards AIMEX © |
AIMEX President, Richard Chapman announced today that CEO Ms Mary Anne Edwards has accepted an offer to join the Board of AIMEX where she will focus on the national and international Superyacht industry, on-going Government relations and strategic planning. Alongside the Board, Edwards has been instrumental in driving significant growth in the organisation which now represents three key sectors of the marine industry: marine manufacturers that export, companies in the supply chain to the commercial/defence marine space, and the expanding Superyacht industry.
 | | Helly Hansen acquires Musto to accelerate its growth strategy Helly Hansen |
Industry consolidations this week include Helly Hansen, a leading technical outdoor brand, who have announced that it has signed a definitive agreement to acquire Musto, the British specialist sailing and country apparel brand, from Phoenix Equity Partners and other shareholders.
 | | Jeanneau Sun Odyssey 319 Jeanneau France |
Jeanneau, the French yacht builder has recently announced the new Sun Odyssey 319. The 319 is very well equipped for its size with a secure cockpit and wheel steering as standard making this new model the perfect family cruiser. Down below the Sun Odyssey 319 has two enclosed cabins, a well-appointed galley, and a head compartment with shower to make the crew experience a comfortable one. Long coach roof windows and hull ports increase the natural light.
 | | The sleek new M54 cruising motor yacht will be on display at the upcoming Fort Lauderdale International Boat Show Promedia |
Locally the Australian luxury cruiser manufacturer Maritimo is rounding off a hectic two months of international boat shows with a four-vessel display at the Fort Lauderdale International Boat Show in coming weeks. The company has co-ordinated multi vessel, on-water displays from as far afield as Cannes and Monte Carlo in Europe to Seattle, Tampa and Auckland.
 | | Vesper Marine deckWatch Nominated for DAME Award Andrew Golden/Rushton Gregory Communications |
Product nominations this week include the deckWatch smartwatch app from Vesper Marine, a New Zealand company, has been nominated for the prestigious DAME Design Award in the Lifesaving and Safety Equipment category. The winners will be announced at the upcoming METSTRADE, on November 14th-16th, in Amsterdam.
 | | Clarion's new GR10BT BLA |
Clarion's new GR10BT is built to withstand the harsh and wet environment of marine usage, by virtue of an IPX5 rated water-resistant front panel and IPX3 rated chassis. Buttons positioned along the rim of the circular face enable quick, stress-free access to functions. What's more, the oversized LCD display offers clear visibility during day or night.
Aveagooden.Peter Rendle, Sail-World.com
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