RL24, RL28, and RL34 Trailable Yachts
from Rob Legg Yachts

RL Yacht Owner's Discussion Forum

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Replying to:RL28 Market Price?
I would be interested in comments of others. I am trying to sell Swan, an RL 28. It has been a great boat that has given me the opportunity to become a more confident sailor learning in a very safe and reasonably comfortable boat. Now I am interested in buying something a little bigger that can be used for coastal cruising. I saw the RL 28 as a safe low risk investment when I purchased 3 ½ years ago as it was by far the best bang for the buck. I paid about $30k for it. Actually $35k with a trailer but I sold that as Swan was to be permanently on the water. I am/was trying to get around the same $30k back after upgrading a few things. But as there are about 8 RL 28s for sale on this site with no sign of movement I think this needs a rethink. I noticed a couple are heading down to low $20k or even under. My gut feel says that what was a $30k to $35k boat about 3 to 5 years ago is now more like $20k..well hopefully 20k to 25K. A drop of around 30% to 40%. I note that the price of new production boats has dropped by at least 30% over the same time and I expect if you really talked seriously you could get a better deal. This is due to lack of buyers around the world post GFC and the higher Aussie dollar helping us out. I was at a boat club function on Saturday at Peel Is. where an old salt who has been around for a long time said, “you will have to take a bath on the price because prices are down and they will not come back up”. I thought about that and it makes sense. The US and Europe, the biggest markets for production yachts, will be in the doldrums for years to come. The production boat manufacturers have cut back production and have had to become more competitive and the Aussie is high whilst China wants our iron ore. Where is the end to this? I don’t see it anytime soon. So, I am interested in hearing from sellers, buyers and anyone interested? What is the current market value of RL28s in general and do you think the market will ever recover. And, in the meantime the weather has improved here, could be a great summer and we are still enjoying using Swan and that is what it is all about.