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Price opinion from advertisements and recorded sales. Not an inspection or a certified valuation.
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Reference photograph of a Subaru Impreza 22B STi
Valuation · Subaru · GC8 · 1998

Subaru Impreza 22B STi

2.2L turbo flat four · 206 kW / 363 Nm · 5sp manual · AWD
BUYRated within the over $100k band · 24 of 104 at this money
Model value
$277,500
Must gain each year to break even
+5.5%
The projection does not clear it, and nor does most of the library.
CarQuant score
68/100
Scored against the over $100k band, not the whole library
Evidence grade
Measured
Four or more recorded Australian sales
$277,500
$218,254 lowhigh $365,331
Calibrated to recorded sales
Eight counted Australian results from January 2022 to June 2026, $197,000 to $370,000 - the fullest local series on any car in this expansion. A ninth lot is held aside because two sources report its price $2,500 apart. These prices reach this library through a third-party compiler rather than from the selling house: Collecting Cars publishes the car, the date, the suburb, the odometer and the condition report, and puts the final figure behind a login. They are carried as evidence on that basis and the provenance is stated here so it can be weighed.

Looking at an Impreza for sale?

Put in the asking price and the odometer reading. You will see what this model should make at that reading.

Should make, typical example
$277,500
At about 45,000 km. Enter an asking price to compare.

Odometer only. Colour, options, history, condition and the photographs move it further, and that is what the report reads.

A person reads the advertisement and its photographs. Usually back within 48 hours. Read a real listing report

Price history

Today $277,500 · modelled median at five years $274,511
Solid line: the value this library has carriedDashed from 2026: modelled · even money $244,920 to $322,282
The green band is the even-money range and the one to plan on: half of outcomes land inside it. The pale band behind it bounds eight in ten ($218,254 to $365,331). The path is this model's own: it starts along the momentum of its recorded history and bends toward its projected median as the horizon lengthens, so no two cars share a future curve.

The verdict

Strong within its price band. Scores 68/100, ranking 24 of 104 in the over $100k band. Demand durability is the strongest input, risk resilience the weakest.
Running it costs about $12,820 a year (4.6% of value), which is what the economics score measures. All in, including the projected value change, it is $17,082 a year.
The model's five year median is $274,511, a -1.1% move, with the tenth percentile at $218,254.
Value calibrated to recorded sales.
Evidence
Measured8 recorded sales
Off its peak
-30%
Value band
wide
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
Scored against every recent Australian sale this library holds, half its values land within 11.2 per cent of the price paid and the rest miss by more, in either direction. Projections are therefore damped toward flat in proportion to how little is known, and the plausible band is never narrower than the error the model is known to make.
Short term (1-5 years)$17,082 a year all in, -1.1% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$277,500

Recorded sales

Every recorded observation, and when
9 rows on record
$438k$303k$167k
20222023202420252026
the value this record published, year by yearnow $278kwhat the model expects across 30k–136k kmsoldcontext, excluded
Every row, with its price and note (9) ↓
Library value against the sold record
8 sales · median $275,750
Value $277,500
$197,000$370,000
Jun 2026AutoMarkets$290,000Sold
SOLD. 30 Jun 2026, Sydney NSW, 47,485km. Recorded result, not individually verified - the strongest evidence of the recovery.
Nov 2025AutoMarkets$243,500Sold
SOLD. 27 Nov 2025, Brisbane QLD, 59,472km. Recorded result, not individually verified.
Aug 2025Collecting Cars$228,000Sold
SOLD. 25 Aug 2025, Tweed Heads South NSW, about 136,000km. #83 of 400, Sonic Blue Pearl, complied Dec 2022 and unregistered at sale, substantial 2023 recommissioning by DEFY Performance covering suspension, brakes and fluids, paintless dent removal plus bumpers, quarters and mirrors repainted, seat fabric damage and console blemishes disclosed, gold BBS wheels, HKS exhaust.
Feb 2025AutoMarkets$261,500Sold
SOLD. 25 Feb 2025, Melbourne VIC, 83,428km. Recorded result, not individually verified.
Jun 2023AutoMarkets$197,000Sold
SOLD. 16 Jun 2023, Mango Hill QLD, 71,100km. Recorded result, not individually verified - the trough of the correction.
May 2022AutoMarkets$370,000Sold
SOLD. 31 May 2022, Wagga Wagga NSW, 29,833km. Recorded result, not individually verified - the peak of the local market.
Apr 2022AutoMarkets$325,000Sold
SOLD. 13 Apr 2022, Sydney NSW, 121,828km. Recorded result, not individually verified.
Jan 2022CarExpert$360,000Context, excluded
SOLD. 26 Jan 2022, Sydney NSW, 71,003km. #258 of 400, World Rally Blue believed original with minimal chips, loose handbrake and gearstick gaiters, no warning lights, RWC Dec 2021 with no advisories, upgraded cooling and Apexi Power FC, described as excellent overall. CarExpert reported the result as $360,000; the aggregator records $362,500 for the same car.
Jan 2022Liquid Asset Management lot page, price reported by Drive$300,000Sold
SOLD. 27 Jan 2022, online national sale for the Australian Financial Security Authority, 113,506km showing. #132 of 400, WRC Blue, model GC8E2SD, engine EJ22GDW7PR, seized under proceeds-of-crime legislation, Victorian registration cancelled July 2017, personally imported 2008, unregistered and sold as-is without roadworthy. Reported as 'over $300,000 plus buyer's premium' - the exact hammer figure was not published, so $300,000 is a reported floor.
8 completed Australian sales of 9 rows. Rows marked asking, no sale, or context are shown for honesty but do not count toward the evidence grade: an ask is not a transaction, a pass-in is a refusal, and a provenance or overseas result does not price the ordinary local car. The badge on every row is computed by the same rule as the grade, so the two cannot drift apart.

Score breakdown

Against the over $100k band median
104 cars in band · ink tick marks the median
Ownership economics30% of total
73/100+4
Scarcity25% of total
67/100+2
Demand durability20% of total
100/100+22
Liquidity15% of total
51/100+19
Risk resilience10% of total
20/100-14
Sub-scores run 0-100 before weighting; the weighted total is 68/100. Medians are computed live from the 104 cars currently in the over $100k band, so this picture moves when the library does.
The working behind each factor: baseline and drivers ↓
Ownership economics30% weight
73/100
Baseline84 pts
− 4.6% of value a year to run-11 pts
Sub-score (baseline plus drivers, clamped 0-100)73 pts
Scarcity25% weight
67/100
Baseline20 pts
+ 22 survivors estimated in Australia+47 pts
Sub-score (baseline plus drivers, clamped 0-100)67 pts
Demand durability20% weight
100/100
Baseline72 pts
+ The car the entire Subaru following is organised around+18 pts
+ Four hundred cars worldwide and Australia holds a disproportionate share+12 pts
+ Five Australian-delivered cars carry a real provenance premium+8 pts
Sub-score (baseline plus drivers, clamped 0-100)100 pts
Liquidity15% weight
51/100
Baseline12 pts
+ 60 days on market+35 pts
+ 2 sales a year+4 pts
Sub-score (baseline plus drivers, clamped 0-100)51 pts
Risk resilience10% weight
20/100
Baseline50 pts
− Convincing widebody replicas exist in this country-20 pts
− EJ22G ringland failure is a bespoke five-figure rebuild-10 pts
Sub-score (baseline plus drivers, clamped 0-100)20 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 2,500 km a year

Annual cost of access, excl. fuel
$12,820a year
Share of value per year
4.6%
Scheduled servicing$2,89023%
Tyres, annualised$1,96015%
Registration and CTP$1,54012%
Insurance$3,66029%
Sinking fund (failure table)$2,77022%
All-in annualised (a different number)
Purchase (model value plus duty)$288,600
Running costs × 5 years$64,100
Median exit, net of selling cost$267,291
All-in annualised over 5 years$17,082/yr
Share of value per year6.2%
Cost of access is what the car costs to run. All-in annualised adds depreciation, duty and selling costs across a five year hold. They answer different questions and are labelled separately for that reason.
Break-even appreciation, 5 year hold
5.5%a year, only to get the money back
This library projects
-0.2%a year
The projection falls 5.7 points a year short of the hurdle. On these assumptions this car is a cost, not an asset, which can be an entirely rational thing to buy but should be bought knowing it.
Purchase$277,500
Stamp duty$11,100
Running costs x 5 years$64,100
Selling cost at exit, 2.6% of the salescales with price
Sale price needed at +5 years$362,122
Storage
Bought at
No forecast is used to compute the hurdle. It is the purchase, the duty, any premium and 5 years of running cost, grossed up for the cost of selling and spread back over the hold. The projection it is measured against is the weakest number in this product and is drawn that way in the chart above. Transport, finance and any restoration spend sit outside it.

Specification

Engine2.2L turbo flat four
Power / torque206 kW / 363 Nm
0-100 km/h4.7 s
Transmission5sp manual
DriveAWD
Kerb weight1,270 kg
Built worldwide424
Delivered to Australia5
Effective AU survivors22
Australian sales / year2
Typical days on market60 days
Launch price$125,000

What moves the price on this model

Colour hierarchy
World Rally Blue, the only colour it was built in0%
Believed-original paint with minimal chips+8%
Resprayed, even in the correct colour-10%
Options
One of the five Australian-delivered cars, documented+40%
Low build number with the plaque and original BBS wheels present+18%
Unmodified engine with no ringland history+15%
Odometer sensitivity±1.9% per 10,000 km vs 45,000 km
Applied on top of these

Condition, history, originality, ownership, delivery and modification multipliers apply to every car in the library. They are applied automatically when an advertisement is analysed, and the schedule is set out once, on the analyser page.

Projected value in five years

Projected value at five years
$274,511
-1.1% on today
The model's figure. Today it is $277,500.
Even odds it lands between $244,920 and $322,282.
$218,254 lowhigh $365,331
The shaded range is even money and 32% wide; the outer figures bound eight outcomes in ten. Band width follows the evidence - a model with a tight measured record carries a tight band.
A weaker five year outlook than 66% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: -$2,989 across five years.
Running costs over the same period: $64,100.
Duty and expected selling costs: $18,320.
Net cost of five years of ownership: $85,410, or $17,082 a year.
The projected value fall is added to the running cost. Depreciation is the larger number here.

The case for and against

The case for

Four hundred cars for Japan, sixteen for Britain and five for Australia, and this country holds a disproportionate share of what survives. Two published Australian results at $360,000 and $300,000 in a single week of January 2022 show the depth of the local bid.

The case against

It went to $370,000 in 2022, corrected to $197,000 in 2023 and has recovered to about $290,000 - a range of nearly two to one on the same car in four years. Replicas built on WRX Type R coupes exist here and are convincing.

Known faults and risks

Risk 1Widebody replicas built on WRX and STi Type R coupes circulate in Australia
Risk 2Chassis, build plaque, EJ22G engine prefix and build number all need checking
Risk 3Original BBS wheels, front lip and numbered plaque are unobtainable if missing
Authenticity - chassis, build plaque, EJ22G prefix and build number all agree (verify before purchase)documentation
Ringland failure and piston damage on the EJ22G, rebuild with bespoke internals$26,500
Missing or damaged original 17in BBS gold wheels, front lip or numbered plaque, all unobtainable$16,500
Rust in strut towers, rear arches and boot floor on Japanese-market cars$9,500
Head gasket failure, endemic across the EJ family$6,000

Similar cars, and what they cost to run

Evidence behind this valueMeasured · 8 recorded sales
Carried value
$277,500
Historical price
2016 · $291,4002026 · $277,500
Measured
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
This is the best-evidenced car in the whole expansion

EIGHT COUNTED AUSTRALIAN RESULTS ACROSS FOUR YEARS, PLUS A NINTH THAT TWO SOURCES PRICE DIFFERENTLY. It opens with two lots a day apart in January 2022 at the top of the market - car 258 of 400 in Sydney on 71,003km, believed-original World Rally Blue paint, reported at $360,000 by CarExpert and at $362,500 by the aggregator, which is why it is held aside rather than counted, and car 132 at $300,000 the following day on 113,506km, sold for the Australian Financial Security Authority. Then $370,000 in May 2022, $325,000 in April 2022, $197,000 in June 2023, $261,500 in February 2025, $228,000 in August 2025, $243,500 in November 2025 and $290,000 in June 2026. Australia trades a 424-car model often enough to draw a curve on it, which is remarkable in itself.

Read the rest of the evidence notes (3 more)
The swing is the story

$370,000 at the 2022 top, $197,000 at the 2023 bottom, $228,000 to $261,500 through 2025 and $290,000 in June 2026. Nearly two to one on the same model inside eighteen months, and the recovery since has been partial rather than complete. Any value here is a point on a swing, and the figure is placed above the trough and well below the peak deliberately.

Authenticity is the whole risk

Four hundred and twenty-four cars were built, of which four hundred went to Japan, sixteen to the United Kingdom, five to Australia and three were prototypes. Widebody replicas built on WRX and STi Type R coupes exist in this country and are convincing at a distance. The chassis sequence GC8E2SD, the build plaque, the EJ22G engine prefix and the build number all have to agree before any of the money above applies.

Five Australian-delivered cars exist,

Sold new at $125,000 each, and a documented one is a different asset from a Japanese import.

This page prices the model.
The report prices the car in the advertisement.

Send the link. A person reads the advertisement and its photographs and sends back what that Subaru Impreza 22B STi is worth, what to offer and when to walk away, with five years of costs at the distance you drive.

Read a real listing report

Backed by 8 recorded Australian sales of this model. Read a complete one on a real car first. Seventeen sections, no account, nothing to pay.

This model, today$277,500
Half of sales are further out than$31,022
The report$249
125×
the price of the report: what half of real sales of this model sit further from this page's number than, on this car
Watch this model
Told when the next one is called.

One line of email when this desk publishes a call on a Subaru Impreza 22B STi, or records a new Australian sale of one. Nothing else, no schedule, and on a quiet model you may hear nothing for months, which is itself worth knowing about a car you are chasing.

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