Yacht marinas are proving to be lucrative investments as the demand for berths grows from Australians becoming wealthier and their boats getting bigger, coupled with constraints on the development of new facilities.
Demand is rapidly outpacing supply on Sydney Harbour, which has the highest concentration of yachts during summer, but is largely locked out from further development.
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Sarah Petty covers commercial and residential property markets for The Australian Financial Review, based in the Melbourne newsroom. Email Sarah at sarah.petty@afr.com