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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 Porsche 911 Carrera 3.2
Valuation · Porsche · G-series · 1984-89

Porsche 911 Carrera 3.2

3.2L NA air-cooled flat six · 170 kW / 284 Nm · 5sp manual · RWD
CONSIDERRated within the over $100k band · 64 of 104 at this money
Model value
$147,500
Must gain each year to break even
+7.5%
The projection does not clear it, and nor does most of the library.
CarQuant score
59/100
Scored against the over $100k band, not the whole library
Evidence grade
Measured
Four or more recorded Australian sales
$147,500
$116,862 lowhigh $162,949
Calibrated to recorded sales
Four Australian results. Three are dated and publishable between $111,000 and $120,000, from September 2019 to September 2023; the fourth is a Burns and Co sale at $192,325 whose auction year the house has never published.

Looking at a 911 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
$147,500
At about 55,000 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 $147,500 · modelled median at five years $140,366
Solid line: the value this library has carriedDashed from 2026: modelled · even money $128,003 to $152,245
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 ($116,862 to $162,949). 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

A defensible case with reservations. Scores 59/100, ranking 64 of 104 in the over $100k band. Liquidity is the strongest input, risk resilience the weakest.
Running it costs about $10,540 a year (7.1% of value), which is what the economics score measures. All in, including the projected value change, it is $13,915 a year.
The model's five year median is $140,366, a -4.8% move, with the tenth percentile at $116,862.
Value calibrated to recorded sales.
Evidence
Measured4 recorded sales
Off its peak
-17%
Value band
tight
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)$13,915 a year all in, -4.8% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$147,500

Recorded sales

Every recorded observation, and when
5 rows on record
$186k$144k$102k
2020202220242026
the value this record published, year by yearnow $148ksoldasking1 row is undated and is not plotted
Every row, with its price and note (5) ↓
Library value against the sold record
4 sales · median $119,000
Value $147,500
$111,000$192,325
UnknownBurns & Co$192,325Sold
SOLD, DATE UNVERIFIED. 1989 Carrera 3.2 Coupe manual, A$192,325 including buyer's premium at the February Muscle, Classic & Collectable auction; Australian-delivered, top lot of the sale, heavy bidding from the outset. The results page does not state the year of the auction, so the date must be confirmed with the house before use.
Aug 2026my105$170,000Asking
ASKING. 1984 3.2 Carrera, Australian-delivered, matching numbers, Croydon VIC. Third-party classifieds listing, not a sale.
Sep 2023Lloyds Auctions$111,000Sold
SOLD. 1985 911 Carrera, Lloyds September 2023 classic sale; eight-year single ownership, driven monthly, garaged and serviced.
Aug 2023Collecting Cars Australia$120,000Sold
SOLD. 1985 Carrera 3.2 Targa, early August 2023, price published in Collecting Cars' own Australian results article.
Sep 2019Shannons / Trade Unique Cars$118,000Sold
SOLD. 1988 Carrera 3.2 Coupe, Shannons Melbourne Spring Classic Lot 62, Sep 2019, 217,827km believed genuine. Australian-delivered new to a Queensland customer, Guards Red over black leather with red piping, Fuchs, whale-tail, electric seats, a/c, sunroof, four owners; estimate had been $100,000-$120,000.
4 completed Australian sales of 5 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
66/100-3
Scarcity25% of total
48/100-17
Demand durability20% of total
68/100-10
Liquidity15% of total
72/100+40
Risk resilience10% of total
24/100-10
Sub-scores run 0-100 before weighting; the weighted total is 59/100. 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
66/100
Baseline84 pts
− 7.1% of value a year to run-18 pts
Sub-score (baseline plus drivers, clamped 0-100)66 pts
Scarcity25% weight
48/100
Baseline20 pts
+ 1,350 survivors estimated in Australia+28 pts
Sub-score (baseline plus drivers, clamped 0-100)48 pts
Demand durability20% weight
68/100
Baseline56 pts
+ The default air-cooled 911 and the one most buyers start with+12 pts
+ Australian-delivered Hamilton cars are a market of their own+10 pts
− Two-fifths to half the local pool is imported or converted-10 pts
Sub-score (baseline plus drivers, clamped 0-100)68 pts
Liquidity15% weight
72/100
Baseline12 pts
+ 45 days on market+42 pts
+ 90 sales a year+18 pts
Sub-score (baseline plus drivers, clamped 0-100)72 pts
Risk resilience10% weight
24/100
Baseline52 pts
− A bare-metal respray with rust repair is a $35,000 job-14 pts
− Type 915 synchros on MY84-86 cars, $6,500 to rebuild-8 pts
− The value sits above every dated Australian result-6 pts
Sub-score (baseline plus drivers, clamped 0-100)24 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
$10,540a year
Share of value per year
7.1%
Scheduled servicing$2,37022%
Tyres, annualised$1,61015%
Registration and CTP$1,27012%
Insurance$3,01029%
Sinking fund (failure table)$2,28022%
All-in annualised (a different number)
Purchase (model value plus duty)$153,400
Running costs × 5 years$52,700
Median exit, net of selling cost$136,526
All-in annualised over 5 years$13,915/yr
Share of value per year9.4%
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
7.5%a year, only to get the money back
This library projects
-1.0%a year
The projection falls 8.5 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$147,500
Stamp duty$5,900
Running costs x 5 years$52,700
Selling cost at exit, 2.6% of the salescales with price
Sale price needed at +5 years$211,609
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

Engine3.2L NA air-cooled flat six
Power / torque170 kW / 284 Nm
0-100 km/h6.1 s
Transmission5sp manual
DriveRWD
Kerb weight1,210 kg
Built worldwide76,000
Delivered to Australia900
Effective AU survivors1,350
Australian sales / year90
Typical days on market45 days
Launch priceNot established

What moves the price on this model

Colour hierarchy
Original paint, unresprayed+8%
Guards Red over black, a documented Australian combination+3%
Bare-metal respray after rust repair-10%
Options
Australian delivery with matching numbers+25%
G50 gearbox rather than the Type 915+18%
Documented Hamilton delivery record+12%
Odometer sensitivity±1.8% per 10,000 km vs 55,000 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
$140,366
-4.8% on today
The model's figure. Today it is $147,500.
Even odds it lands between $128,003 and $152,245.
$116,862 lowhigh $162,949
The shaded range is even money and 19% 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 73% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: -$7,134 across five years.
Running costs over the same period: $52,700.
Duty and expected selling costs: $9,740.
Net cost of five years of ownership: $69,575, or $13,915 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

Australia bought these through Norman Hamilton in the best years of that dealership, 660 cars across the range in 1985 and 657 in 1986, so documented local delivery is a real and checkable thing. Australian-delivered cars are holding while converted imports soften, which is the split that usually comes before the honest ones re-rate.

The case against

Every dated Australian result under this car sits between $111,000 and $120,000, and the value carried here is $147,500. The air-cooled spike of 2021 to 2023 is over, the model has been flat to slightly soft since mid-2024, and a bare-metal respray with rust repair costs $35,000 against that.

Known faults and risks

Risk 1An estimated 40 to 55 per cent of local cars are imports or former left-hand drive
Risk 2Torsion tube, front suspension pan, sunroof drain and battery box rust
Risk 3Type 915 gearbox synchros on MY84-86 cars, which G50 cars largely dodge
Bare-metal respray with rust repair - torsion tube, front suspension pan, sunroof drains, battery boxes$35,000
Valve guides and top-end refresh (a full engine rebuild is 30,000-50,000)$12,500
Type 915 gearbox synchro rebuild, MY84-86 cars; G50 cars largely dodge this$6,500
Clutch replacement, engine-out job$4,500
Broken exhaust heat exchangers$3,250
Chain tensioner retrofit to Carrera hydraulic units$2,150

Similar cars, and what they cost to run

Evidence behind this valueMeasured · 4 recorded sales
Carried value
$147,500
Historical price
2016 · $150,4002026 · $147,500
Measured
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
Four Australian results, three of them dated, and the value sits above all three

A 1988 Australian-delivered coupe made $118,000 at the Shannons Melbourne Spring Classic in September 2019, 217,827km believed genuine, Guards Red over black leather with red piping, against a $100,000 to $120,000 estimate. A 1985 Targa made $120,000 through Collecting Cars in August 2023. A 1985 coupe made $111,000 at Lloyds a month later on eight years of single ownership. The figure carried here is $147,500, which is not what those three say.

Read the rest of the evidence notes (2 more)
The fourth result would justify it and it cannot be dated

Burns and Co published $192,325 including buyer's premium for a 1989 Australian-delivered manual coupe, top lot of a February Muscle, Classic and Collectable sale with heavy bidding from the outset - but the results page does not say which February. An undated result is not evidence, and the only other number above the value is a $170,000 asking price on my105. So the value is placed at the Australian-delivered end of the market rather than measured across it, and this page says which.

Provenance is the variable

An estimated 40 to 55 per cent of 3.2s trading here are private imports or former left-hand-drive conversions. Australian delivery with matching numbers is worth 20 to 30 per cent, a G50 gearbox a further 15 to 20, and a documented Hamilton delivery record 10 to 15 on top. Those three stacked together are most of the gap between the results above and the value.

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 Porsche 911 Carrera 3.2 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 4 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$147,500
Half of sales are further out than$16,489
The report$249
66×
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 Porsche 911 Carrera 3.2, 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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