Bay Post/Moruya Examiner reader Philip Booth saw the yacht between Long Beach and Maloneys Beach on Saturday, in the early evening.

He said a Marine Rescue crew on Saturday inspected the yacht, which had been washed onto sand in shallow water, and returned on Sunday morning.

He understood no-one was in danger and private fishing boats salvaged the vessel late on Sunday afternoon.

Mr Booth said gusty winds were blowing on Saturday.

"It was lucky to end up on sand, not rocks," Mr Booth said.