Boating industry goes ‘gangbusters’ as retirees stay in Australia due to coronavirus border closures

A boom in new and used boat sales has left Australian importers, manufacturers and second-hand brokers scrambling for stock, according to the Boating Industry Association.

The coronavirus pandemic has left travel-starved Australians looking for alternatives to their annual overseas cruise ship fix and sparked a homegrown nautical boom.

Riviera, Australia’s largest yacht builder based at the Coomera Marine Precinct on the northern Gold Coast, has experienced record growth due to increased demand.

The company’s brand and…