Gold Coast superyacht industry set for major boost

Gold Coasters could see more superyachts cruising around our waters with the Queensland Government proposing a massive boost to the industry.

Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick launched the five-year Queensland Superyacht Strategy at the Australian Superyacht, Marine Export and Commercial Marine Conference at Sanctuary Cove on Tuesday morning.

Mr Dick is confident the plan will see more superyachts cruising the Queensland coast, attracting investment, expanding infrastructure and creating jobs.


“Queensland’s climate, tourism assets and cruising grounds, world-class maintenance and refit facilities, proximity to Asia and the South Pacific and safe and stable environment mean we can take the lead in the superyacht industry in the region,” Mr Dick said.

“We are positioning Queensland as a key superyacht hub in the Asia Pacific by 2023, with 10 per cent more of the global market.

The superyacht industry is already worth around $630 million and supports around 4500 jobs with that number expected to expand to $1.1 billion and nearly 8000 jobs by 2021.

“The Queensland Government is committed to realising the significant economic and employment potential of this growth sector, especially in regional Queensland.

“During the 2016-17 season, there were around 200 superyachts operating in Australian waters.

“Going by the rule of thumb that superyacht charters spend about 10 per cent of the value of the vessel on running costs, plus the cost of maintenance, provisioning and follow-on tourism, we can readily see the benefits this work will bring to Queensland.

“We are seeking to reduce Federal Government red tape to expand the industry and create more jobs in our major maritime precincts of the Gold Coast, Brisbane, Cairns and the Whitsundays.

“Our strategy also aims to attract superyachts to more places along our 13,000km coastline and create business and jobs opportunities in regional Queensland, building on the success of Cairns, the Whitsundays and the Gold Coast, and investigating additional locations such as Bowen, Wide Bay and Moreton Bay.”

The Queensland Government has invested $45,000 to keep the Australian Superyacht, Marine Export and Commercial Marine Conference on the Gold Coast for the next three years.

“We see real value in hosting this unique event at Sanctuary Cove to showcase Queensland’s capability in the marine sector and attract key decision-makers,” Mr Dick said.

“Our strategy encourages companies to build superyacht berths 80 metres or longer to capture this strategic opportunity, lift existing maintenance facilities to European standards, and further develop access to facilities, services and social activities for guests and crew.”