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Old 04-28-2016, 08:38 AM   #99
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Just found an ad for a pair of 12 metre berths for sale at a marina close to the centre of Brisbane last night. Big enough to take a 40' cat if you used both of them at once. At $65k it seemed like a pretty good deal until I made some enquiries.

- Maintenance fees are $950 a quarter and they're due to rise soon.
- No assigned parking or shore storage for marina tenants.
- Multiple reports of CitiCat ferries damaging yachts by creating wake turbulance.
- Leasehold, expires in 2034 (I won't need it after that, but wasted money).
- Liveaboard fee is $200pcm, for electricity and water mainly (reasonable).

They rent out for $700pcm each, but if business is slow it could be a costly mistake. There just aren't that many visiting yachts here.

But let's look at the cost of using one myself.

Annual depreciation of lease $1855.00 PER BERTH
Annual loss of interest at 10% $185.50
Annual liveaboard fee $2400.00
Annual maintenance fee $3800.00
Parking fees ????

That works out to $675.00 a month. Hell, I can rent a unit in Asia or South America for that sort of money.
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Old 04-29-2016, 12:42 PM   #100
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Funny the stuff people try to get away with. I was just looking at a 1.19ha (2.4 acre) block of land on the Mary River at Maryborough Qld for sale at $49,000 which seems cheap on the surface of it. It's advertised as residential so you'd expect to find electricity and phone available at least.

Nope.

Google Earth shows that it's only accessible by 4WD via a deeply rutted dirt track laughingly named Napier Street, and has no sign of power lines within 1km. But I was more worried about the neighbours. Spot the 10 metre croc in the river?

Oh, and in a 6 metre flood most of the property would be underwater, and that happens about every 5 years around this area. In fact the 2011 floods were 12 metres deep. Residential? Hahaha.
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Old 04-30-2016, 06:27 PM   #101
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Webb Chiles is now about halfway between Opua and Gladstone, after 5 days at sea. He seems to be making a very consistent 140nm per day and having a great run.
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Old 05-05-2016, 05:52 AM   #102
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Adjacent steel yacht Rainbird dragged into another smaller fibreglass yacht a few days ago. A good samaritan yachtie here called the water police for help. "What do you want us to do about it?" they said.

So he called MSQ, who simply rang the owner and told him, "If you don't get down there in an hour and move it and we have to do it for you it will cost you $1000.00" Great way to help guys, and your PR sure is getting better too.

I've recently discovered that the big Forgacs boatyard that antifouls and repaints ferries and ships is closing down and the property will be sold for a $100M development. There goes the neighborhood. We here in Colmslie are living on borrowed time, it's the tail end of the free era I'm afraid.
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Old 05-07-2016, 11:15 AM   #103
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Webb Chiles should be rounding Fraser Island by dawn.
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Old 05-08-2016, 04:45 AM   #104
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I've had to make a tough decision today. Truthfully assessing the amount of work required to get Shenoa up to a condition that I'd be happy with, it is not financially viable. I could end up spending another $6000.00 on top of what I've already outlaid and still end up with a yacht worth $6000.00 in the end.

Looking at the fact that a hull crack developed at all indicates poor build quality, and I've noticed also that the builder used square mesh instead of the specified hexagonal bird wire. I've decided she has run her course and needs to be scrapped.

I've had almost a year's free rent living aboard for an initial cost of $2,200 plus registration over the past three years, and can still strip off all the parts and equipment bought for her including the mast, sails, radios, instruments, furler, bowsprit, engine, drive shaft and prop. So I certainly got my money's worth out of the poor old thing.

I'm considering building a CSC30 30' catamaran out of ply, to the style outlined by The Coastal Passage articles about the guy in Townsville who made them for a living. Total cost of the hull would be about $21,000 and almost all the bits I remove could be utilized.

It's six months' work but repairing Shenoa would have taken three months anyhow. The difference is I'll end up with a new hull, done properly, with a good resale value. Then I can actually go sailing, instead of "fixing yachts in exotic places."

Still thinking about what to do with Keppelena.
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Old 05-08-2016, 11:58 AM   #105
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Same here mate...Few medical issues the last couple of years have seen me able too Make Eleuthera good but just dont have the time or energy for Stand easy. Have decided to let her go.
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Old 05-08-2016, 12:58 PM   #106
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It's a tough call isn't it Squizzy. When you get past 60 every minute is worth something and you don't want to be spending them pointlessly. Up until now everything I've been doing has been from the viewpoint of merely surviving on what I had available, which wasn't very much. With a few dollars coming my way I can make longer term plans and I don't need to bother doing some of the things I thought necessary.

One yacht at a time should be enough, but it has to be a good one. Add to that a nice base to work from with a decent shed and life could be pretty sweet.
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Old 05-08-2016, 01:06 PM   #107
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Webb Chiles stopped north of Fraser Island 18 hours ago and there hasn't been a peep out of his Yellow Brick since. I hope he just turned it off early. Nothing on his blog either.
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Old 05-08-2016, 06:16 PM   #108
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3am Monday: He's on the move again. Must have stopped for a well-deserved snooze before attempting entrance into the Burnett River. Cautious as always.
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Old 05-10-2016, 12:52 PM   #109
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Rob's rantings and ramblings have moved here:

http://www.cruiserlog.com/forums/f29...html#post44415
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