The Six-Figure Cars Drawing Enthusiastic Women Buyers
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,634,647 (-0.13%)       Melbourne $1,014,731 (+0.07%)       Brisbane $1,039,137 (-0.36%)       Adelaide $946,102 (+1.11%)       Perth $923,113 (+0.00%)       Hobart $749,205 (-0.26%)       Darwin $765,670 (+0.77%)       Canberra $969,848 (-0.24%)       National $1,071,435 (+0.00%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $758,834 (-0.41%)       Melbourne $487,148 (-0.17%)       Brisbane $653,985 (-0.35%)       Adelaide $489,117 (+0.05%)       Perth $515,967 (+2.54%)       Hobart $536,451 (-0.17%)       Darwin $393,381 (-0.30%)       Canberra $502,832 (-0.14%)       National $562,892 (-0.01%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 8,884 (+55)       Melbourne 12,619 (-146)       Brisbane 7,202 (+7)       Adelaide 2,094 (-28)       Perth 7,246 (-121)       Hobart 1,177 (-5)       Darwin 180 (-6)       Canberra 935 (0)       National 40,337 (-244)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 7,552 (-28)       Melbourne 7,416 (-124)       Brisbane 1,405 (-19)       Adelaide 335 (-10)       Perth 1,635 (-17)       Hobart 211 (-4)       Darwin 270 (-2)       Canberra 1,088 (-3)       National 19,912 (-207)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $790 ($0)       Melbourne $590 ($0)       Brisbane $650 ($0)       Adelaide $620 ($0)       Perth $680 (+$3)       Hobart $550 ($0)       Darwin $780 (-$10)       Canberra $690 (+$10)       National $678 (-$)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $580 (+$5)       Brisbane $650 ($0)       Adelaide $500 ($0)       Perth $650 ($0)       Hobart $463 (+$13)       Darwin $590 ($0)       Canberra $580 ($0)       National $607 (+$1)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,170 (+108)       Melbourne 7,721 (+258)       Brisbane 4,198 (+175)       Adelaide 1,437 (+53)       Perth 2,145 (+88)       Hobart 223 (+20)       Darwin 138 (+3)       Canberra 618 (+18)       National 22,650 (+723)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 10,392 (+146)       Melbourne 7,383 (+273)       Brisbane 2,399 (+176)       Adelaide 348 (+13)       Perth 521 (+51)       Hobart 92 (+16)       Darwin 247 (+4)       Canberra 679 (+19)       National 22,061 (+698)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.51% (↑)        Melbourne 3.02% (↓)     Brisbane 3.25% (↑)        Adelaide 3.41% (↓)     Perth 3.83% (↑)      Hobart 3.82% (↑)        Darwin 5.30% (↓)     Canberra 3.70% (↑)        National 3.29% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 5.14% (↑)      Melbourne 6.19% (↑)      Brisbane 5.17% (↑)        Adelaide 5.32% (↓)       Perth 6.55% (↓)     Hobart 4.48% (↑)      Darwin 7.80% (↑)      Canberra 6.00% (↑)      National 5.61% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 2.0% (↑)      Melbourne 1.9% (↑)      Brisbane 1.4% (↑)      Adelaide 1.3% (↑)      Perth 1.2% (↑)      Hobart 1.0% (↑)      Darwin 1.6% (↑)      Canberra 2.7% (↑)      National 1.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 2.4% (↑)      Melbourne 3.8% (↑)      Brisbane 2.0% (↑)      Adelaide 1.1% (↑)      Perth 0.9% (↑)      Hobart 1.4% (↑)      Darwin 2.8% (↑)      Canberra 2.9% (↑)      National 2.2% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 33.7 (↑)      Melbourne 32.8 (↑)      Brisbane 33.8 (↑)      Adelaide 27.5 (↑)      Perth 38.4 (↑)      Hobart 31.5 (↑)      Darwin 47.8 (↑)      Canberra 34.3 (↑)      National 35.0 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 36.1 (↑)      Melbourne 33.5 (↑)      Brisbane 33.1 (↑)      Adelaide 26.5 (↑)      Perth 40.9 (↑)      Hobart 35.9 (↑)        Darwin 33.3 (↓)     Canberra 41.3 (↑)      National 35.1 (↑)            
Share Button

The Six-Figure Cars Drawing Enthusiastic Women Buyers

By JIM MOTAVALLI
Tue, Aug 13, 2024 9:35amGrey Clock 5 min

Classic cars or SUVs painstakingly retrofitted with modern drivetrains and interiors, otherwise known as “restomods,” are selling out despite prices of US$200,000 to US$400,000 and up. And the buyers are not all men.

The world of classic cars is overwhelmingly male-dominated, but it turns out these modernized versions have a broader appeal, tapping into girlhood nostalgia, too. The specialty shops that make these cars, based on everything from the Mercedes 280SL and Chevrolet Chevelle to off-roaders like the Land Rover Defender and the Ford Bronco, are reporting that their lists of female clients are growing, and some are buying more than one.

Jacqueline Comolli, who has homes in California and Maui, has a mid-US$300,000s Icon4X4 Ford Bronco, in orange and light blue, at each location.

“I’m happy with both of them,” she says. “I’ve only ever been drawn to old cars. They speak to me. But I can’t have a car that wouldn’t be safe or reliable. I don’t want to think that it’s about to break down.”

The light blue Bronco is one of two from Icon4X4 owned by Jacqueline Comolli.
Icon4X4

Comolli reports that she’s using the orange Bronco, fitted with a modern Ford five-liter “Coyote” V8 producing 420 horsepower, in Maui as her daily driver.

“It really connects with people who see it, in the way a regular expensive luxury car would not,” she says. “The older cars that people remember just evoke a feeling.”

Restomods are bespoke commissions, encouraging their owners to get involved in choosing colours and materials. Comolli says she sent in a “ratty old bikini top and a high-heeled shoe” for the colours she wanted.

Inside Jacqueline Comolli’s blue Bronco.
Icon4X4

Though the colour inspiration might be a bit different, the priorities of male and female clients are “pretty much the same,” says Jonathan Ward, CEO and lead designer at Icon4X4.

“They want enhanced performance, safety, and ease of service, while maintaining the vintage style and vibe.” He added that only 5% of his customers are women now, but “we are seeing more female interest.”

Emme Hall is a California-based auto writer who is very hands-on with her 2001 Mazda Miata off-road racer.

“There are fewer women who are car people today, and traditionally we haven’t had the same opportunities to work on cars,” she says. “When I wrench on my car I have to watch YouTube videos to avoid making mistakes. But when you buy one of these restomods, you get a dream car that is already done for you. The reliability and the workmanship are guaranteed.”

Katy Schuman in her Gateway Bronco.
Katy Schuman

Katy Schuman, who drives a car from Illinois-based Gateway Bronco built to her individual style, is an interior designer who has also worked with Gateway on the details of another pair of Bronco builds. She has a second restomod on order, a Defender being built by the Landrovers, a company in Holland. Schuman’s husband drives a blacked-out LS3-powered 1968 Chevrolet Chevelle restomod with an eight-speed push-button automatic that was originally special-ordered by comedian David Spade from Florida-based Velocity.

Schuman says that her Bronco was built from a second-hand 1969 car that she and her husband had on the road for 12 years.

“They completely rebuilt our old Bronco,” she said. “It’s a lot smoother now with a new chassis, stronger brakes and motor.” When the Bronco was just a well-worn used car it broke down frequently, often while Schuman was ferrying the kids to school. “It was usually the battery,” she says.

Wales-based Hemmels completely rebuilds Mercedes SLs to exacting specifications, and CEO Thomas Butterfield says that 10% of his clients are women—more than most of the competition.

“Our women buyers are exceptionally focused on detail, and they thrive on the car being custom and bespoke,” Butterfield says. “There’s a reason one-off handbags from Hermès sell for millions, because they’re statements.”

He added that the company has matched exterior and interior colors from handbags, flecks of house paint, and shades of nail varnish.

Tessa Hartmann , a Scottish branding strategist in the fashion and entertainment space who appeared on ITV’s Real Housewives of Jersey for two seasons, first fell in love with Mercedes sports cars as a child when she saw movie star Grace Kelly in a 190 SL. Hartmann first owned “Grace,” a 1969 Mercedes 280SL “Pagoda” that she’d traded for her Maserati Ghibli. But the car needed a lot of expensive loving care and attention, and a restoration through a local shop stalled—in part because, Hartmann felt, the owners took advantage of a woman client. Hartmann decided to swap Grace for a restored SL.

“It was at that point that I discovered Hemmels,” Hartmann says. “I felt bad for Grace, but I named the new car ‘Doris’ after Doris Day, who also has an effortless charm and a wholesome femininity about her.”

Hartmann notes that her four kids thought she was making an eccentric move, which prompted the thought that “it’s O.K. for a man to idolise engines, exhaust, and torque, but if a woman expresses an interest in cars, especially classic cars, she’s eccentric? Frankly I couldn’t have cared less what people thought. I was in charge. I had earned the right to do what I wanted. I am a workaholic and if this was my vice, so be it.”

Doris has had a makeover, and Hartmann took delivery of the 1970 car last year, paying around £220,000 (about US$280,000 and minus the £70,000 she got for trading in Grace). “Doris has a silver body, red leather interior, a red roof, and a hardtop—she’s quite magnificent, and the craftsmanship from Hemmels is impeccable,” Hartmann says. “Doris only gets to come out on sunny days. I feel an immense pride in being able to have one of these cars—it was an achievement many years in the making.” She’d buy another restomod, and thinks they hold their value well.

The E.C.D. Defender bought by Diane Johnson-Marchand and Tania Marchand.
E.C.D. photo

The ride owned by Diane Johnson-Marchand and Tania Marchand, is a restored bright-white 1990 Land Rover Defender 110 known as “Island Girl” in right-hand drive, upgraded to 455 horsepower via a GM LT1 V8. The builder, at a cost of around US$300,000, was Florida-based E.C.D. Automotive Design, which also restores Jaguar E-Types and Mustangs and has a little more than 6%female clients.

E.C.D. CEO Scott Wallace says the women he’s worked with bring a unique “perspective and flair” to their custom builds, “resulting in one-of-one vehicles that truly stand out. Their attention to detail and passion for design continually inspire us.”

Johnson-Marchand, a veterinarian in the Daytona Beach area of Florida, learned to drive in a Defender in Hawaii. That one was right-hand drive, so the new one had to be, too. She wanted an alloy-bodied car, located one in South Africa, and imported it to the U.S. before handing it over to E.C.D. for a nine-month build.

“We spent a month just on the design and personalised many aspects of the car,” Johnson-Marchand says. “And there were several on-site visits. E.C.D. kept us posted each step of the way, so we were able to see the car through the assembly process. Vintage looks combined with a modern drivetrain, that combination allows us to have the best of both worlds.”

There is actually a club for women supercar owners, the Arabian Gazelles, based in Dubai. Seeing the growing trend, similar organisations could take root around the world.



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Lifestyle
TikTok Refugees Find an Alternative—in China
By SHEN LU AND HANNAH MIAO 14/01/2025
Money
Israel Defies Expectations With Surge in Tech Funding Despite War
By Carrie Keller-Lynn 14/01/2025
Money
FAMILY MATTERS IN THE GREAT WEALTH TRANSFER
By Emma Koehn 14/01/2025
Israel Defies Expectations With Surge in Tech Funding Despite War

The 28% increase buoyed the country as it battled on several fronts but investment remains down from 2021

By Carrie Keller-Lynn
Tue, Jan 14, 2025 3 min

As the war against Hamas dragged into 2024, there were worries here that investment would dry up in Israel’s globally important technology sector, as much of the world became angry against the casualties in Gaza and recoiled at the unstable security situation.

In fact, a new survey found investment into Israeli technology startups grew 28% last year to $10.6 billion. The influx buoyed Israel’s economy and helped it maintain a war footing on several battlefronts.

The increase marks a turnaround for Israeli startups, which had experienced a decline in investments in 2023 to $8.3 billion, a drop blamed in part on an effort to overhaul the country’s judicial system and the initial shock of the Hamas-led Oct. 7, 2023 attack.

Tech investment in Israel remains depressed from years past. It is still just a third of the almost $30 billion in private investments raised in 2021, a peak after which Israel followed the U.S. into a funding market downturn.

Any increase in Israeli technology investment defied expectations though. The sector is responsible for 20% of Israel’s gross domestic product and about 10% of employment. It contributed directly to 2.2% of GDP growth in the first three quarters of the year, according to Startup Nation Central—without which Israel would have been on a negative growth trend, it said.

“If you asked me a year before if I expected those numbers, I wouldn’t have,” said Avi Hasson, head of Startup Nation Central, the Tel Aviv-based nonprofit that tracks tech investments and released the investment survey.

Israel’s tech sector is among the world’s largest technology hubs, especially for startups. It has remained one of the most stable parts of the Israeli economy during the 15-month long war, which has taxed the economy and slashed expectations for growth to a mere 0.5% in 2024.

Industry investors and analysts say the war stifled what could have been even stronger growth. The survey didn’t break out how much of 2024’s investment came from foreign sources and local funders.

“We have an extremely innovative and dynamic high tech sector which is still holding on,” said Karnit Flug, a former governor of the Bank of Israel and now a senior fellow at the Jerusalem-based Israel Democracy Institute, a think tank. “It has recovered somewhat since the start of the war, but not as much as one would hope.”

At the war’s outset, tens of thousands of Israel’s nearly 400,000 tech employees were called into reserve service and companies scrambled to realign operations as rockets from Gaza and Lebanon pounded the country. Even as operations normalized, foreign airlines overwhelmingly cut service to Israel, spooking investors and making it harder for Israelis to reach their customers abroad.

An explosion in negative global sentiment toward Israel introduced a new form of risk in doing business with Israeli companies. Global ratings firms lowered Israel’s credit rating over uncertainty caused by the war.

Israel’s government flooded money into the economy to stabilize it shortly after war broke out in October 2023. That expansionary fiscal policy, economists say, stemmed what was an initial economic contraction in the war’s first quarter and helped Israel regain its footing, but is now resulting in expected tax increases to foot the bill.

The 2024 boost was led by investments into Israeli cybersecurity companies, which captured about 40% of all private capital raised, despite representing only 7% of Israeli tech companies. Many of Israel’s tech workers have served in advanced military-technology units, where they can gain experience building products. Israeli tech products are sometimes tested on the battlefield. These factors have led to its cybersecurity companies being dominant in the global market, industry experts said.

The number of Israeli defense-tech companies active throughout 2024 doubled, although they contributed to a much smaller percentage of the overall growth in investments. This included some startups which pivoted to the area amid a surge in global demand spurred by the war in Ukraine and at home in Israel. Funding raised by Israeli defense-tech companies grew to $165 million in 2024, from $19 million the previous year.

“The fact that things are literally battlefield proven, and both the understanding of the customer as well as the ability to put it into use and to accelerate the progress of those technologies, is something that is unique to Israel,” said Hasson.

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Property
Earned good money this year? Your house might have earned you more
By KANEBRIDGE NEWS 18/12/2024
Lifestyle
The Price of Everlasting Health and Vitality
By Chelsea Spresser 08/01/2025
Money
El Salvador Made Bitcoin an Official Currency. Now It’s Backtracking for IMF Loan.
By Santiago Pérez 19/12/2024
0
    Your Cart
    Your cart is emptyReturn to Shop