A rare and highly sought-after Australian-delivered performance coupe, this Subaru Impreza WRX STi Version 5 is understood to be one of just 399 examples produced for the market. It is powered by a turbocharged 2.0-litre ‘EJ20’ flat-four engine, driving all four wheels via a close-ratio five-speed manual transmission. This example has benefitted from a comprehensive engine rebuild by Deshele Performance, completed in November 2022 at an indicated 149,000 kilometres, with less than 1,000 kilometres covered since. This example has only recently been acquired by the seller and the reportedly fourth owner since new. The odometer indicates 149,858 km, though this is not warranted. Build year: 1999 This Impreza WRX STi Version 5 is finished in the quintessential shade of Sonic Blue, over a black cloth and grey synthetic suede-trimmed interior, featuring red stitching, red cloth front seat sections, embroidered STi logos on the front seat backs, and gunmetal-effect and brushed metal-effect trim. It rides on an aftermarket set of 18-inch multi-spoke monoblock alloy wheels finished in gold, framing red Subaru-branded brake callipers, and fitted with Kumho Ecsta tyres. Equipment includes a rear screen wiper, a Momo steering wheel, an intercooler water sprayer, air conditioning, and electrically operated windows and door mirrors. Notable mechanical upgrades and replacement components include a fully rebuilt engine, a rebuilt gearbox by All Drive Subaru, a new clutch, a Link ECU, an Exedy lightened flywheel, an upgraded STi turbocharger, a Process West cold air intake, an MRT stainless steel exhaust, and a PWR oil cooler, intercooler, and power steering cooler. Additional upgrades include GPI Racing silicone hoses, MCA adjustable coilover suspension with multiple spring rate options, a custom centre console panel with Auto Meter Pro-Comp Ultra-Lite oil temperature, boost pressure, and oil pressure gauges, front foglight cover grilles, and DBA front and rear brakes fitted with Intima Street Race pads. The car is accompanied by its original Subaru wallet, owner’s manuals, service booklet, Australian supplement, and a selection of invoices. Also included in the sale are various spare and original parts, including an airbox and fittings, a radiator, strut assemblies, spare wheels and tyres, seats, and brake components. An AGI bolt-in roll cage is also included for those wishing to use the car for track or hill climb events. The vehicle comes with one original key and one aftermarket key. Please refer to the photo gallery to assess the exterior and interior condition. Specific notes from the seller include: the front bumper appears to have been repainted. The bodywork is presented with various stone chips and light scratches consistent with age, and the seller advises that the car should not be considered a show car. The interior shows general wear consistent with age and use. The seller states that the air conditioning system requires regassing. The car is noted to have passed a Queensland roadworthy inspection approximately six months ago. The seller states that the last maintenance was carried out in May 2025 at an indicated 149,700 km by 888, consisting of an engine oil change and a roadworthy inspection. The gearbox rebuild was completed by All Drive Subaru in April 2023. The engine rebuild was completed in November 2022 at approximately an indicated 149,000 km by Deshele Performance, which included forged pistons being fitted, performance HD H-beam connecting rods, ARP bolts, an EJ25 nitrated crankshaft, race main and big-end bearings, and the engine block being bored and honed. This Subaru Impreza WRX STi Version 5 is a rare Australian-delivered example of an iconic rally-bred performance coupe, further enhanced by extensive recent mechanical work including a rebuilt engine and drivetrain components. Presented in the marque’s signature colour scheme with a substantial package of supporting upgrades, it offers strong appeal for enthusiasts seeking a usable and engaging modern classic. With its recent investment in key mechanical areas and inclusion of track-oriented equipment such as the bolt-in roll cage, this example would suit a variety of uses, from fast road driving to occasional motorsport events.