Owning a boat in Australia isn’t just a pastime; it’s an invitation to explore some of the most stunning waterscapes the world offers.
While the costs of boat ownership might initially seem daunting, understanding them clearly will ensure there are no nasty surprises once you unlock the door to a world of new adventures.
Understanding the real costs involved is crucial, but the joy and freedom that come with boat ownership can far outweigh these expenses. Let’s dive into the various costs, and rewards, that come with owning a boat.
The journey into boat ownership begins with the initial purchase. The cost varies depending on the type, size, and features of the boat. Whether you’re eyeing a compact fishing boat or a luxury yacht, the investment can be significant.
Fortunately, Loans Unlimited offers flexible low-rate loans to help manage this initial expense. With our tailored boat finance options, the dream of owning a boat becomes an achievable reality.
Fuel is a necessary expenditure for any boat owner. The amount you’ll need depends on your boat’s efficiency and how often you head out onto the water. While fuel costs can accumulate, particularly for avid explorers, they are essential for powering your endless adventures across Australia’s beautiful waterways.
Here are some expected costs to travel to some of the popular boating hot spots in Australia.
Due to its popularity, we’re basing the costs on:
Boat: 18ft Haines Hunter 565 Offshore
Engine: Yamaha F130 (petrol)
Best Cruising: 2.07 Km/L @ 4000 RPM
Petrol Cost: $1.70 per litre
If you’re a keen fisherman, keep in mind that you’ll be cruising around more distance and the fuel costs will be more. This is why most will share the costs of a day out with their mates. As for sharing the catch, that’s a different story!
Freo Port:
The round-trip distance from Fremantle to Rottnest Island is 38km. This equates to roughly 19 litres at an average cost of $32.20.
Hillary’s Port:
The round-trip from Hillary’s Boat Harbour to Rottnest is 44km. This equates to roughly 22 litres at an average cost of $37.40.
Woodman Point (Coogee) Port:
It’s a 50km round-trip from Coogee to Rottnest and back. This equates to roughly 25 litres at an average cost of $42.50.
A round trip from Cairns to the Great Barrier Reef’s outer reefs is 100km.
This equates to roughly 50 litres for an average cost of $85, but again, you’re likely to be cruising to multiple spots throughout the day, meaning your fuel consumption and costs will be more.
From Cape Jervis
The round-trip distance from Cape Jervis in Adelaide to Kangaroo Island is 43km. This equates to roughly 21 litres at an average cost of $35.70.
If your adventures start with a drive, remember that towing your boat will increase your car’s fuel consumption. To optimise this aspect, consider vehicles known for their fuel efficiency and adequate towing capacity. This smart choice helps manage fuel costs while ensuring you can transport your boat to various destinations.
Such cars include the modern generation of:
It’s worth noting, that these cars can also be costly. So get in touch with us for low rate car loans as well!
Securing a spot in a marina adds convenience but at a cost. Our coastal towns such as Perth, Sydney, Adelaide and Brisbane boast a huge choice of docking marinas with various amenities and community benefits.
Amenities and services can include security, cleaning and maintenance, free ice, designated car parking, and more – making them well worth the docking fees for many owners who appreciate the ease of access and security these facilities provide.
Such cars include the modern generation of:
It’s worth noting, that these cars can also be costly. So get in touch with us for low rate car loans as well!
The Australian climate, with its harsh sun and corrosive saltwater, can significantly wear on your boat. Regular maintenance is crucial to protect your investment from the elements. Sun and salt can quickly degrade paint and corrode metals, so consistent upkeep and occasional repairs are necessary to keep your boat in prime condition. Consider these ongoing costs as an investment in the longevity and performance of your vessel.
Given the investment and potential risks involved in boat ownership, insurance is not just advisable; it’s essential. Boat insurance covers you against accidents, damage, and theft, providing peace of mind whether your boat is at sea or docked at a marina.
Investing in comprehensive insurance ensures that unexpected incidents don’t result in you being beached for the Summer!
Though the costs of owning a boat are real, from the boat lending process through ongoing expenses like maintenance and insurance, they are part and parcel of a fantastic lifestyle.
Each cost contributes to ensuring that your boating experience is safe, enjoyable, and filled with adventure. With Loans Unlimited, securing boat lending solutions tailored to your needs means that owning a boat is more accessible and enjoyable, allowing you to fully embrace the boating lifestyle with fewer financial worries. So, why wait? The Australian waters are calling.
Loans Unlimited are Perth and Western Australia’s premier loan and finance brokers. We have helped thousands move towards their financial goals by offering lower rates and faster approvals when it matters. Financial services are provided by Total Biz Pty Ltd T/A Loans Unlimited ABN 78 624 937 882 ACL 506875.
* The comparison rate shown is for a secured loan amount of $30,000 over a term of 5 years based on monthly repayments. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Any calculations or estimations do not constitute an offer of credit or a formal credit quote and is only a calculation of what you may be able to achieve based on the information you have entered. It does not take into account suitable product features or loan product types. Rates + repayments shown are based on user inputted data. All applications for credit must be verified prior to the formal assessment process. All applications for credit approval are subject to lender credit approval. Approval is not guaranteed.
