2027 Chevrolet Corvette Z06 priced from $299,990 in Australia as build-to-order program opens

Australian pricing and order books open

General Motors Australia and New Zealand has announced that the upgraded MY27 Chevrolet Corvette Z06 will be priced from $299,990 before on-road costs in Australia, a figure the company says is more than $36,000 below the model it belatedly replaces. Orders opened on October 1, 2026, with every car sold through an official build-to-order program and built to a confirmed customer specification, as reported by CarExpert. ¹

The Z06 joins an Australian Corvette line-up that GM ANZ currently prices from $193,990 before on-road costs for the Stingray Coupe, $232,990 for the Stingray Convertible and $292,990 for the E-Ray, according to CarExpert's report of the announcement. CarExpert's pricing table for MY27 also lists a Stingray Coupe 3LT at $222,990 alongside the four flagship models. ¹

Acting Managing Director of GM ANZ Greg Rowe said the new Z06 "combines the iconic naturally aspirated V8, genuine track capability and an impressive level of personalisation", adding that "its sharp new price point makes the Z06 more accessible, while the exclusive build-to-order model ensures every customer can create a Corvette that is distinctly their own." ¹

Hand-built 5.5-litre V8 and track chassis

At the heart of the MY27 Z06 is Chevrolet's hand-assembled 5.5-litre naturally aspirated LT6 V8, which GM ANZ specifies at 475kW at 8550rpm and 595Nm at 6300rpm. It uses a flat-plane crankshaft, dry-sump lubrication and variable valve timing, revs to an 8600rpm redline, and drives the rear wheels through an eight-speed dual-clutch transmission with a Z06-specific final-drive ratio. ¹

Car and Driver's US specifications for the same engine list 670 horsepower and 460 pound-feet of torque in the North American market, noting the high-revving flat-plane V8 sits behind the driver and pairs with the eight-speed dual-clutch automatic and rear-wheel drive. Car and Driver describes the car as able to "eat Porsche 911 GT3s for breakfast around a racetrack", though its published test results are drawn from a 2023 Corvette Z06 with the Z07 package, whose results the publication says remain accurate because the vehicle has not changed. ⁵

Chassis upgrades over the standard Corvette include Magnetic Ride Control 4.0, six-piston front Brembo performance brakes, an electronic limited-slip differential and forged aluminium wheels, per the GM ANZ announcement reported by CarExpert. Buyers can further sharpen the car with the optional Z07 Performance Package, which adds a carbon-fibre high-wing rear spoiler and other aerodynamic components, performance suspension, upgraded brakes and Michelin Pilot Sport Cup 2 R tyres, while Brembo carbon-ceramic brakes are also available. ¹

A Performance Traction Management Pro mode is part of the story on both sides of the Pacific: Car and Driver notes the setting, new to the Z06's drive modes, switches off electronic stability and traction control while leaving ABS active, and CarExpert reports the MY27 Australian car gains dedicated access to Performance Traction Management and PTM Pro Mode. ¹⁵

3LZ-only specification, options and personalisation

In Australia the Z06 will be offered exclusively as a 3LZ Coupe. Standard equipment detailed by GM ANZ in CarExpert's report includes GT2 bucket seats trimmed in Nappa leather, carbon-fibre interior detailing, sueded microfibre upper trim, a carbon-fibre steering wheel and paddles, a head-up display and a 14-speaker Bose Performance Series audio system. A front lift system with memory, Performance Data Recorder, removable roof and soft-close front and rear luggage covers are also standard. ¹

The updated Corvette cockpit combines a 14-inch driver information display, a 12.7-inch central touchscreen and a 6.6-inch auxiliary display. The Performance Data Recorder has been upgraded with side-by-side video analysis and automated speed tips, and the car includes Chevrolet Connected Services, Google Maps, Google Gemini and Google Play Store, the Chevrolet Mobile App, over-the-air software updates, and wireless Apple CarPlay and Android Auto. ¹

Beyond the Z07 package, GM ANZ's option list reported by CarExpert covers carbon-fibre ground effects, a carbon-fibre or transparent removable roof, racing stripes and an engine appearance package with carbon-fibre panels, LED engine lighting and an optional red engine cover. The build-to-order program allows buyers to choose from 10 exterior colours, including three new MY27 options in Pitch Grey Metallic, Admiral Blue Metallic and Roswell Green Metallic, alongside a range of forged 20-inch front and 21-inch rear wheel designs. ¹

The colour palette largely matches the broader 2027 Corvette range documented by CorvetteForum's buyer's guide, which lists Admiral Blue Metallic and Roswell Green Metallic as US$500 options and Pitch Gray Metallic among the available finishes, alongside carbon-fibre wheel designs in three finishes for the Z06. ⁴

How the Australian price sits against the US line-up

The Australian figure is a manufacturer list price excluding on-road costs and should not be read against United States figures on a like-for-like basis. In the US, Chevrolet priced the 2027 Corvette Z06 1LZ at US$121,395 including destination when it announced 2027 pricing in April 2026, with the 3LZ Coupe listed at US$134,945 in CorvetteForum's updated buyer's guide, which notes all pricing includes destination charges. Car and Driver lists a US MSRP range of US$124,295 to US$144,845 for the 2027 Z06. ²⁴⁵⁶

US outlets disagree on the direction of the Z06's year-over-year change at the same base figure of US$121,395. MotorTrend reported the Z06 as US$3,090 less than in 2026, while CorvetteForum's buyer's guide and pricing story both state a US$1,200 increase. CorvetteForum also noted that pricing for some 2027 trim levels and packages had not been released when orders opened in the US on April 16, with the Grand Sport X to follow later in the summer. ³⁴⁶

The broader US 2027 line-up announcement also brought changes around the Z06: Chevrolet resurrected the Grand Sport at US$88,495 and introduced the hybrid all-wheel-drive Grand Sport X at US$112,195, while the Stingray moved to a new 6.7-litre LS6 V8, according to MotorTrend and Motor Illustrated reporting of the New York Auto Show announcement. Car and Driver, in its 2027 Z06 overview, says it expects the model to carry into 2027 without notable changes. ²³⁵

Production and delivery timeline

Production of the MY27 Z06 is scheduled to begin at GM's Bowling Green Assembly Plant in the United States in January 2027, according to the GM ANZ announcement. CarExpert notes that delivery timing will depend on individual vehicle specifications and production scheduling, so no fixed Australian delivery date has been given. ¹

The Z06 follows the Australian launches of the MY26 Corvette Stingray and E-Ray, as well as the limited-run Corvette Z06 Bathurst 12 Hour Special Edition offered at the start of 2026, per CarExpert's report, placing the new flagship at the top of a line-up GM ANZ has been steadily rebuilding for the local market. ¹