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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 Nissan Skyline GT-R
Valuation · Nissan · R32 · 1989-94

Nissan Skyline GT-R

2.6L twin-turbo six (RB26DETT) · 206 kW / 353 Nm · 5sp manual · AWD
CONSIDERRated within the $30k to $100k band · 59 of 94 at this money
Model value
$50,000
Must gain each year to break even
+14.6%
The projection does not clear it, and nor does most of the library.
CarQuant score
52/100
Scored against the $30k to $100k band, not the whole library
Evidence grade
Measured
Four or more recorded Australian sales
$50,000
$38,485 lowhigh $56,438
Calibrated to recorded sales
Eleven Collecting Cars standard-car lots against eight Shannons sales, running $42,500 to $71,000 since June 2022. V-Spec results now sit in their own record; an N1 made $150,500

Looking at a Skyline GT-R 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
$50,000
At about 130,000 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 $50,000 · modelled median at five years $47,192
Solid line: the value this library has carriedDashed from 2026: modelled · even money $42,612 to $52,055
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 ($38,485 to $56,438). 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 52/100, ranking 59 of 94 in the $30k to $100k band. Demand durability is the strongest input, ownership economics the weakest.
Running it costs about $8,350 a year (16.7% of value), which is what the economics score measures. All in, including the projected value change, it is $9,812 a year.
The model's five year median is $47,192, a -5.6% move, with the tenth percentile at $38,485.
Value calibrated to recorded sales.
Evidence
Measured18 recorded sales
Off its peak
-33%
Value band
moderate
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)$9,812 a year all in, -5.6% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$50,000

Recorded sales

Every recorded observation, and when
23 rows on record
$157k$91k$26k
201720192021202320252027
the value this record published, year by yearnow $50kwhat the model expects across 37k–191k kmsolddid not sellcontext, excluded
Every row, with its price and note (23) ↓
Library value against the sold record
18 sales · median $66,500
Value $50,000
$42,500$142,500
Jul 2026Collecting Cars$59,500Sold
SOLD. 29 Jul 2026, Artarmon NSW, 151,407km indicated and not warranted. 1994 Series 3, Spark Silver Metallic, Japan-delivered and complied May 2026. Nismo N1 front bumper, Nismo intercooler and remote oil filter, aftermarket Recaro SR seats, adjustable suspension. Repainted at some stage. Platform-verified. The most recent standard-car result
Jul 2026Collecting Cars$79,000Context, excluded
SOLD. 22 Jul 2026, Rowville VIC, 107,200km indicated and not warranted. 1993 TOMMYKAIRA R, understood to be one of 93 built, kept as a show car. A DIFFERENT VARIANT, not the market for a standard car
May 2026Collecting Cars$62,000Context, excluded
SOLD. 29 May 2026, Melbourne VIC, 117,362km indicated and not warranted. 1990 Scuderia import, stated to be number 2 of 6 complied ahead of the official Australian programme, Scuderia engine and gearbox preparation, roll cage and OMP harnesses, reported prior ownership by Ross Ambrose Racing for Targa Tasmania. Provenance, not the market for an ordinary car
Feb 2026Collecting Cars$71,502Sold
SOLD. 27 Feb 2026, Belfield NSW, about 81,000km. 1989 car resprayed from factory grey to Midnight Purple, single Garrett GTX3582R conversion on forged internals reported at 610kW, Link ECU, R35 Brembo brakes, MoTeC dash. A built car, excluded from the fitted line but a real Australian transaction
Jun 2025Collecting Cars$42,500Sold
SOLD. 12 Jun 2025, Melbourne VIC, 122,217km indicated and not warranted. 1993 car, Crystal White with the factory N1 body kit, complied 2024 on a Japanese auction grade of 3.5 C. Rust under the body, side skirts lifting away, a bubble in the dashboard, mismatched driver seat rails and a battery needing replacement. The low of the standard run, and the condition notes say why
Apr 2025Collecting Cars$53,500Sold
SOLD. 28 Apr 2025, Springvale VIC, 37,104km indicated and not warranted. 1993 car, silver, second owner of two. Resprayed, ceramic coated and comprehensively serviced by KM Auto Group in December 2024 at 36,880km; The only prior entry is a Japanese service in July 2014 at 34,555km. Wearing 17-inch BBS forged wheels, which are not a factory fitment on a standard car
Feb 2025Collecting Cars$150,500Context, excluded
SOLD. 3 Feb 2025, Prestons NSW, 77,600km. 1992 GT-R N1, number 90 of 118 built, Crystal White. ABS deleted, sound system and boot carpet deleted for weight, N1 turbochargers, air conditioning optioned. One Australian owner for sixteen years on an eighteen-entry service record running from 56,602km in 2008. A DIFFERENT VARIANT AND A FAR DEARER ONE, not the market for a standard car
Jan 2025Collecting Cars$43,730Sold
SOLD. 29 Jan 2025, Melbourne VIC, 165,735km. 1991 car, Black Pearl Metallic, imported July 2024. APEXi Power FC, HKS Hi-Power exhaust, cam belt replaced at 74,193km. The driver seat appears to have been repaired
Jun 2024Collecting Cars$45,810Sold
SOLD. 21 Jun 2024, Mordialloc VIC, 160,710km. 1991 car, Gun Grey Metallic, largely unmodified. Paint bubbling on both quarter panels, which appear to have been resprayed previously
May 2024Collecting Cars$82,500Context, excluded
SOLD. 31 May 2024, Melbourne VIC, 20,217km indicated and not warranted. 1990 GT-R NISMO, number 101 of 560 built, Gun Grey Metallic. A DIFFERENT VARIANT, not the market for a standard car
Jul 2023Collecting Cars$57,000Sold
SOLD. 26 Jul 2023, Delacombe VIC, 191,240km. 1991 car, grey, understood to remain original and unmodified, with extensive Japanese service history and a major service at 191,040km. The highest distance in the standard run and above its median
Feb 2023Shannons$53,000Sold
1994 R32 GT-R sold at no reserve, the low of the run
Aug 2022Collecting Cars$69,000Sold
SOLD. 3 Aug 2022, Burwood East VIC, 83,128km. 1989 car, Gun Grey Metallic, Japanese auction grade 3.5B, Nismo cat-back exhaust and Nismo instrument cluster on gold 5Zigen split-rims
Jun 2022Collecting Cars$71,000Sold
SOLD. 23 Jun 2022, Ingleburn NSW, 123,846km. 1994 car, Gun Grey Metallic, two owners from new, original factory specification with no cosmetic or engine modifications, Nismo strut braces, imported March 2022 on five dated Japanese service entries. The high of the standard run
Sep 2021Shannons$91,000Sold
1991 R32 GT-R
Jun 2021Shannons$142,500Sold
1994 R32 GT-R. The high of the standard-car run
Nov 2018Shannons Melbourne$57,000Sold
1991 R32 GT-R
Jul 2018Shannons Melbourne$87,000Sold
1991 R32 GT-R. One of three sold in the same sale
Jul 2018Shannons Melbourne$70,000Sold
1991 R32 GT-R. One of three sold in the same sale
Jul 2018Shannons Melbourne$64,000Sold
1991 R32 GT-R. One of three sold in the same sale
Dec 2017Mossgreen$40,000Not a sale
NOT A SALE. Passed in at a $40,000-$50,000 estimate
May 2017Shannons Sydney$91,000Sold
1991 R32 GT-R
Nov 2016Shannons Sydney$69,000Sold
1991 R32 GT-R
18 completed Australian sales of 23 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 $30k to $100k band median
94 cars in band · ink tick marks the median
Ownership economics30% of total
38/100-17
Scarcity25% of total
47/100-6
Demand durability20% of total
79/100+13
Liquidity15% of total
43/100-9
Risk resilience10% of total
64/100+28
Sub-scores run 0-100 before weighting; the weighted total is 52/100. Medians are computed live from the 94 cars currently in the $30k to $100k band, so this picture moves when the library does.
The working behind each factor: baseline and drivers ↓
Ownership economics30% weight
38/100
Baseline80 pts
− 16.7% of value a year to run-42 pts
Sub-score (baseline plus drivers, clamped 0-100)38 pts
Scarcity25% weight
47/100
Baseline25 pts
+ 1,600 in Australia, stock cars rare+22 pts
Sub-score (baseline plus drivers, clamped 0-100)47 pts
Demand durability20% weight
79/100
Baseline45 pts
+ Godzilla, Bathurst 1991 and 1992 winner+28 pts
+ Entry point to GT-R collecting+6 pts
Sub-score (baseline plus drivers, clamped 0-100)79 pts
Liquidity15% weight
43/100
Baseline5 pts
+ 66 days on market+28 pts
+ 90 sales a year+10 pts
Sub-score (baseline plus drivers, clamped 0-100)43 pts
Risk resilience10% weight
64/100
Baseline90 pts
− 15% volatility-12 pts
− Rust and modification archaeology-14 pts
Sub-score (baseline plus drivers, clamped 0-100)64 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 3,768 km a year

Annual cost of access, excl. fuel
$8,350a year
Share of value per year
16.7%
Scheduled servicing$1,80022%
Tyres, annualised$1,10013%
Registration and CTP$7509%
Insurance$2,40029%
Sinking fund (failure table)$2,30028%
All-in annualised (a different number)
Purchase (model value plus duty)$52,000
Running costs × 5 years$41,750
Median exit, net of selling cost$44,692
All-in annualised over 5 years$9,812/yr
Share of value per year19.6%
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
14.6%a year, only to get the money back
This library projects
-1.1%a year
The projection falls 15.7 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$50,000
Stamp duty$2,000
Running costs x 5 years$41,750
Selling cost at exit, 5.0% of the salescales with price
Sale price needed at +5 years$98,684
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

Engine2.6L twin-turbo six (RB26DETT)
Power / torque206 kW / 353 Nm
0-100 km/h5.6 s
Transmission5sp manual
DriveAWD
Kerb weight1,430 kg
Built worldwide43,937
Delivered to Australia100
Effective AU survivors1,600
Australian sales / year90
Typical days on market66 days
Launch price$110,000

What moves the price on this model

Colour hierarchy
Gun Grey Metallic+5%
Black Pearl+3%
Crystal White+1%
Options
Unmodified driveline+10%
V-Spec (JDM)+8%
Nismo catalogue parts with documentation+4%
Odometer sensitivity±1% per 10,000 km vs 130,000 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
$47,192
-5.6% on today
The model's figure. Today it is $50,000.
Even odds it lands between $42,612 and $52,055.
$38,485 lowhigh $56,438
The shaded range is even money and 22% 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 74% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: -$2,808 across five years.
Running costs over the same period: $41,750.
Duty and expected selling costs: $4,500.
Net cost of five years of ownership: $49,060, or $9,812 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

It won Bathurst and got turbo AWD banned. Australian-delivered cars are a 100-unit sub-market with their own curve.

The case against

The standard car has given back about half its 2021 peak and both independent sources agree: Shannons ran to $142,500 in June 2021, and the nine Collecting Cars results since June 2022 have a median of $55,250 with nothing above $71,000. Almost every survivor is a Japanese import whose odometer is not warranted, and the badge on the bootlid decides the market - a V-Spec II is worth half again more and an N1 nearly three times as much.

Known faults and risks

Risk 1Rust in strut towers and sills
Risk 230 year old wiring and turbos
Risk 3Import supply capping prices
Strut tower rust repair$4,500
RB26 turbo replacement$4,200

Similar cars, and what they cost to run

Evidence behind this valueMeasured · 18 recorded sales
Carried value
$50,000
Historical price
2016 · $42,0002026 · $50,000
Measured
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
Eighteen Collecting cars lots arrive and they do not agree with the Shannons run at all

The nine standard cars sold on that platform since June 2022 are $42,500, $43,730, $45,810, $53,500, $57,000, $59,500, $69,000 and $71,000, with a median of $55,250 - against a Shannons median of $80,500 that this record was built on. The value carried $85,000, which is above every standard car that has traded here in four years. It moves to $50,000.

Read the rest of the evidence notes (9 more)
The Shannons set is not wrong, it is old

Seven of its ten results predate 2019 and its $142,500 high is June 2021, the top of the JDM run. Read in date order the two sources tell one story: about $91,000 to $142,500 in 2021, $69,000 to $71,000 through 2022, $53,000 to $57,000 in 2023, and $42,500 to $59,500 since. This model has given back roughly half its peak, and both sources say so independently.

Distance is not the variable here either

Across the eight standard cars price correlates with the odometer at minus 0.257 and implies only $567 per 10,000 kilometres - about one per cent - while price against date correlates at minus 0.634 and implies minus $4,799 a year. Date and distance are uncorrelated in this sample at 0.050, so the two separate cleanly, and together they explain 45 per cent of the variance against 7 per cent for distance alone. The penalty moves from 1.2 to 1.0 and should be understood as a nominal figure rather than a measurement: the 191,240-kilometre car made $57,000 and the 37,104-kilometre car made $53,500.

A sixth repeat sale, and this one is all but certain

GT-R registry vehicle number 1,205, a Spark Silver Metallic V-Spec II imported in 2017 and never registered here, sold at Cranbourne West on 30 January 2023 at 145,768 kilometres for $82,000, and at Artarmon on 5 December 2025 at 145,800 kilometres for $70,000. Thirty-two kilometres in thirty-four months.

Minus 14.6 per cent

Both listings state the registry number, which is as close to a chassis match as a public lot page gets.

Read it with one caveat

The 2025 listing states the seller has been advised the car needs an engine rebuild, and the 2023 listing disclosed nothing of the kind. Part of that fall is a rebuild nobody had priced in 2023 - the same shape as the AE86 pair, where a rust disclosure appeared between the two sales. Treat minus 14.6 per cent as the outer bound of what the market did.

The v-Spec has been split out into its own record and its results have left this one

Five Australian V-Spec and V-Spec II results - $66,000, $70,000, $77,500, $82,000 and $91,500 - carry a median of $77,500 against a standard-car median of $55,250, a premium of about forty per cent that holds across five lots and three years. Two Shannons V-Spec figures went with them, including the unexplained $260,000 result. Everything below now describes the standard car only. This is the same correction this library made on the Evo VI TME and the MX-5 NA.

And the variants above it are a third market again

An N1, number 90 of 118, made $150,500 in February 2025 - nearly three times the standard median in the same month a V-Spec made $66,000. A Nismo, 101 of 560, made $82,500; a Tommykaira R $79,000; and a Scuderia-complied car with claimed Targa Tasmania and Ross Ambrose Racing history $62,000. Four badges, four markets, one model name. SOURCING: auction lot pages read in full, one to one against each result, which is the strongest grade in this library - alongside a Shannons run that is real but is now describing a market that has moved.

The original Shannons reading, kept for the record

Ten standard-car sales, all Shannons, the deepest local record of any car in this library. They run $53,000, $57,000, $64,000, $69,000, $70,000, $80,500, $87,000, $91,000, $91,000 and $142,500, with a median of $80,500 - which puts the value carried here almost exactly on the evidence. Three of those sold in a single Melbourne sale in July 2018, at $87,000, $70,000 and $64,000. Three cars, one room, one day, and a third between top and bottom. As with the BMW 1M, that spread is condition and history rather than market, and it is the best available guide to how wide the range around this figure really is. A V-Spec sold within a $240,000-$280,000 estimate in August 2022 and is excluded: the V-Spec, V-Spec II and N1 cars are a separate and far dearer market.

International context

Fifty-five lots, 80 per cent clearing. No direction is claimed, because the record is thick with cars that are not standard R32s - Group A race cars at US$379,000 and JPY39,018,100, a JGTCC-GT1 at GBP230,000 and US$280,000, an ex-Paul Walker car, HKS Zero-R, Tommy Kaira, Autech, Nismo Edition and Endless-R builds. All are set aside from the price series.

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 Nissan Skyline GT-R 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 18 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$50,000
Half of sales are further out than$5,590
The report$249
22×
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 Nissan Skyline GT-R, 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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Skyline GT-R for sale?Priced by a person, $249