Superyachts Gold Coast: Giant new marina ‘an invaluable economic opportunity to invest’

The Gold Coast’s credentials as a superyacht destination have been bolstered with a new $3.5m investment which will allow more ultra-wealthy floating palaces to visit. SEE THE PLANS

THE Gold Coast’s credentials as a superyacht destination have been bolstered with the opening of a new $3.5m marina in the city’s far north.

The Pier C development at Sanctuary Cove has dramatically expanded the 1980s-era enclave’s capacity from eight berths to 39.

The project, coming less than two years after its $10m marina expansion in 2022, is the latest step in moves by its owner Mulpha to upgrade and expand Sanctuary Cove.

The Super yacht industry is booming.

Sanctuary Cove marina general manager Steve Sammes said the Gold Coast had been put on the map as a superyacht destination.

“We are thrilled to officially unveil Pier C as part of our greater superyacht focused plans to

address the growing desire from national and international superyacht captains to berth at

Sanctuary Cove,” he said.

“The demand for more large-scale berthing opportunities in the southeast is increasing and

there is an invaluable economic opportunity to invest in more superyacht driven piers on our

coastline. Sanctuary Cove is superyacht ready, now.”

Images of the new Superyacht Pier C development at Sanctuary Cove

The superyacht sector is booming for the Gold Coast, with numerous developers unveiling plans for new marinas and facilities.

The Bulletin in January revealed developer Tim Gordon planned to begin construction in March on Australia’s first dedicated private superyacht marina.

Its construction will begin just a year after the city’s first superyacht facility opened at Southport Yacht Club.

Built by Gold Coast City Council, the $9m berth at the southern end of the Broadwater allows vessels of up to 130m to dock and is tipped to inject at least $12m annually into the economy.

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