There could be more superyachts of the rich and famous sailing into Brisbane.

Brisbane City Council has approved a $200 million dollar superyacht expansion for the Rivergate Marina, under the Gateway Bridge in Murarrie.

It’s hoped the river city could welcome more super yachts and become a premier superyacht destination.

Rivergate Marina director Tom Hill explained a superyacht is over 24 metres.

He says Australia punches already above its weight.

“There’s 6500 of these vessels currently in the world, there’s a fair bit of work to go around, put it that way.”

He says the expansion will create more jobs, as well as bringing in $1 billion into the Queensland economy.

Press PLAY below to hear more about the expansion

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