MARKET ANALYSIS
GT R (1999 to 2002)

Debuting in 1999 as the flagship performance version of the R34 Skyline, the Nissan Skyline GT-R R34 is widely regarded as the most iconic and desirable GT-R of the classic era. Nicknamed “Godzilla,” the R34 GT-R combined a compact, aggressive body with advanced drivetrain technology, including ATTESA E-TS all-wheel drive, Super-HICAS rear steering, and the legendary RB26DETT twin-turbo inline-six, an engine famed for its strength and tuning potential. Output varied by specification and variant, ranging from approximately 327 hp in standard form to well over 493 hp in high-performance factory versions, with notable models including the V-Spec I, V-Spec II, Nür, and the ultra-rare NISMO Z-Tune. While the vast majority were sold domestically in Japan, just over 100 examples were officially exported to markets such as the UK, Hong Kong, Singapore, and New Zealand. Total production reached 11,578 cars before ending in August 2002, reinforcing the model’s rarity. In the Australian market, the R34 GT-R holds near-mythical status due to import restrictions, cultural significance, and limited supply, with values driven by variant, originality, mileage, condition, and provenance, and top-tier models firmly positioned at the peak of the Japanese performance car market.
Debuting in 1999 as the flagship performance version of the R34 Skyline, the Nissan Skyline GT-R R34 is widely regarded as the most iconic and desirable GT-R of the classic era. Nicknamed “Godzilla,” the R34 GT-R combined a compact, aggressive body with advanced drivetrain technology, including ATTESA E-TS all-wheel drive, Super-HICAS rear steering, and the legendary RB26DETT twin-turbo inline-six, an engine famed for its strength and tuning potential. Output varied by specification and variant,…
Model years for Nissan Skyline (1999 to 2002)

2002 Nissan Skyline (R34) GT-R V-Spec II Nür
99,202 km • Manual • RHD
🇦🇺Mosman, NSW
FOR SALE
Auction
Mar 23, 2026
1999 Nissan Skyline (R34) GT-R V-Spec
106,771 km • Manual • RHD
🇦🇺Sydney, NSW
SOLD
$192,000
Auction
Mar 24, 2026
1999 Nissan Skyline (R34) GT-R V-Spec N1 - REINIK
41,218 km • Manual • RHD
🇦🇺Brisbane, QLD
SOLD
$390,000
Auction
Mar 12, 2026
2002 Nissan Skyline GT-R M-Spec Nür
Six-Speed Manual Transmission
🇦🇺Sydney, Australia
SOLD
$646,100
Auction
Jan 17, 2023
1999 Nissan Skyline GT-R V-Spec
Six-Speed Manual Transmission
🇦🇺Melbourne, Australia
SOLD
$254,180
Auction
Feb 23, 2023
1999 Nissan Skyline GT-R V-Spec
Six-Speed Manual Transmission
🇦🇺Melbourne, Australia
NOT SOLD
Auction
Mar 04, 2023
2002 Nissan Skyline GT-R M-Spec Nür
Six-Speed Manual Transmission
🇦🇺Melbourne, Australia
SOLD
$484,220
Auction
Mar 25, 2023
2002 Nissan Skyline GT-R M-Spec Nür
Six-Speed Manual Transmission
🇦🇺Melbourne, Australia
NOT SOLD
Auction
May 01, 2023
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2002 Nissan Skyline GT-R V-Spec II Nür
Six-Speed Manual Transmission
🇦🇺Sydney, Australia
NOT SOLD
Auction
May 13, 2023
2000 Nissan Skyline GT-R V-Spec N1
Six-Speed Manual Transmission
🇦🇺Sydney, Australia
SOLD
$461,500
Auction
Feb 01, 2024
2000 Nissan Skyline GT-R V-Spec N1
Six-Speed Manual Transmission
🇦🇺Sydney, Australia
SOLD
$369,200
Auction
Mar 09, 2024
1999 Nissan Skyline GT-R V-Spec
Six-Speed Manual Transmission
🇦🇺Sydney, Australia
SOLD
$177,500
Auction
Aug 26, 2024
1999 Nissan Skyline GT-R V-Spec N1
Six-Speed Manual Transmission
🇦🇺Queensland, Australia
NOT SOLD
Auction
Sep 15, 2025
2000 Nissan Skyline GTR V-SPEC HR34
81,869 km • Six-speed manual • RHD
🇦🇺Sydney, NSW
NOT SOLD
Auction
Feb 25, 2026
2000 Nissan Skyline (R34) GT-R - Nismo S1 Omori Factory Upgrade
64,027 km • Manual • RHD
🇦🇺Northlakes, QLD
SOLD
$470,000
Auction
Jan 26, 2026
2001 Nissan Skyline (R34) GT-R V-spec II
85,683 km
🇦🇺Melbourne, VIC
SOLD
$221,000
Auction
Dec 18, 2023
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1999 NISSAN SKYLINE (R34) GT-R V-SPEC
11,573 km • Manual • RHD
🇦🇺Alexandria, NSW
SOLD
$221,500
Auction
Jan 25, 2022
2001 NISSAN SKYLINE (R34) GT-R V-SPEC II - 2,745 KM
2,745 km • Manual • RHD
🇦🇺Clayton, VIC
SOLD
$275,500
Auction
Nov 23, 2022
1999 NISSAN SKYLINE (R34) GT-R V-SPEC
28,729 km • Manual • RHD
🇦🇺Tinderbox, Tasmania
SOLD
$164,000
Auction
Jun 27, 2023
2000 NISSAN SKYLINE (R34) GT-R V-SPEC
43,751 km • Manual • RHD
🇦🇺Ingleburn, NSW
SOLD
$177,000
Auction
Jul 19, 2023Weekly updates on new listings, sold prices & market trends.
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1999 Nissan Skyline (R34) GT-R V-Spec - 6,846 Km
6,846 km • Manual • RHD
🇦🇺Mitchelton, QLD
SOLD
$365,000
Auction
Oct 28, 2024
2002 Nissan Skyline (R34) GT-R M-Spec
41,057 km • Manual • RHD
🇦🇺Cairnlea, VIC
SOLD
$235,000
Auction
Feb 18, 2025
1999 Nissan Skyline (R34) GT-R
158,934 km • Manual • RHD
🇦🇺Preston, VIC
SOLD
$156,000
Auction
May 25, 2025
2001 Nissan Skyline (R34) GT-R V-Spec II
70,000 km • Manual • RHD
🇦🇺Narre Warren South, VIC
SOLD
$235,000
Auction
Aug 19, 2025
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