Superyacht trial to commence at Brisbane's Kangaroo Point

Superyacht trial to commence at Brisbane's Kangaroo Point

Kangaroo Point on the Brisbane River could soon be a hub for the world's most luxurious superyachts if a government-backed trial is successful.

The Queensland State Government has announced a 12-month trial to bring superyachts to Brisbane, which will see a dedicated mooring buoy built below the Kangaroo Point Cliffs.

The trial, expected to commence mid-2020, will test whether a permanent superyacht mooring buoy is feasible.

The mooring buoy at Kangaroo Point is part of a state-wide strategy to attract superyachts to Queensland.

The Government expects superyachts to add more than $1.1 billion to gross state product and support nearly 8,000 jobs by 2021.

"We want to maximise the jobs and businesses that superyachts bring with them," says Minister for State Development Cameron Dick.

"We want to attract more superyachts to Queensland and Brisbane, and we want them to stay longer and spend more while they are here."

Maritime Safety Queensland will manage the mooring, including bookings, fees, maintenance, compliance and administration during the trial.

The trial comes hopping hot on the heels of the Queensland Government committing $2 million to build a superyacht berth at The Spit on the Gold Coast.

The funding is a part of the Government's $60 million investment in The Spit master plan, which is expected to boost tourism opportunities and improve the area at the northern end of the Gold Coast.

Construction of The Spit superyacht berth, once all approvals are met, could be completed by October 2020.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Netflix NT drama series Territory to debut in October

Netflix NT drama series Territory to debut in October

Netflix is set to launch its next blockbuster Australian drama seri...

American Express to pay $8m fine over inappropriate targeting of co-branded David Jones credit cards

American Express to pay $8m fine over inappropriate targeting of co-branded David Jones credit cards

American Express Australia (Amex) has been ordered to pay an $8 mil...

Results from Juukan Gorge show 47,000 years of Aboriginal heritage destroyed in mining blast

Results from Juukan Gorge show 47,000 years of Aboriginal heritage destroyed in mining blast

Aboriginal and Torres Strait Islander readers are advised this arti...

From Michael Hill to Adore Beauty, retailers rise on positive sales results

From Michael Hill to Adore Beauty, retailers rise on positive sales results

A handful of retailers including jeweller Michael Hill Internationa...