Study reveals 443,000 Vic fishing boats
Ernst and Young study reveals big boating contribution to Vic fishing economyA new report reveals that recreational fishing contributes a staggering $7.1 billion to the Victorian economy with 838,000 Victorians going fishing each year.
The report, Economic Study of Recreational Fishing in Victoria, undertaken by Ernst & Young and commissioned and overseen by rec-fishing body VRFish, also estimates that recreational fishing supports 33,967 full-time jobs across Victoria.
The report highlights the importance of strategic planning and investment to support a growing and valuable activity and an incredibly significant contributor to Victoria's economy, health and social fabric.
So go fishing and do your bit for the Victorian economy and the future of fishing!
Of course, boating has a big synergy with fishing. The study found the average adult Vic fisher owns 0.5 boats (purchased in Victoria) that are used for recreational fishing purposes.
In other words, one in every two adult fishers owns a boat that is either exclusively or partially used for recreational fishing. Some fishers even own more than one boat.
Based on the total number of adult fishers, the estimated total number of boats owned by Victorian fishers that are used for recreational fishing purposes in 2013/14 is 433,000 boats.
These boats are either: purpose-built or exclusively used for fishing, or general-purpose boats applied to fishing duties.
Boats primarily used for recreational fishing:
General use boats: The remaining 38 per cent of all boats that are used for recreational fishing are general use boats. Based on the results of the Victorian Recreational Fishing Survey 2014, these boats are used for recreational fishing 54 per cent of the time
Based on the above, the average boat is used for recreational fishing 82 per cent of the time. Based on the results of the Victorian Recreational Fishing Survey 2014, the average purchase price of recreational fishing boats (including general use boats) is $18,346.
Given the average boat is used for recreational fishing 82 per cent of the time, the average boat purchase price attributable to the recreational fishing industry is $15,106 over the life of the boat or $2021 per annum (i.e. amortised based on an average boat life of 7.5 years as indicated in the Victorian Recreational Fishing Survey 2014).
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by Ernst and Young. More from Victoria's recreational fishing peak body VR Fish.Read the latest Boatsales Network news and reviews on your mobile, iPhone or PDA at the Boatsales Network's mobile site. Or download the App for smartphone and tablet.
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