The superyacht sector has taken off on Australian shores during the pandemic with more than a few multimillion-dollar sales taking place at the Sanctuary Cove International Boat Show on the Gold Coast.
The expo is the largest of its kind in the southern hemisphere and typically brings in around $300 million for the Queensland economy every year.
Industry experts have said supply is outstripping demand for the first-time across the country since Australians are unable to travel overseas and this has caused prices to rise.
The boat show has seen bumper crowds with around 50,000 people expected to cross through the gates during the four-day event which wraps up on Sunday.