Two people and their dog have had a lucky escape from a burning yacht in waters off Moreton Island in South-East Queensland this morning.

 

Authorities were alerted to the burning boat on the south-west side of the island just after 5:30am. Police said the 16-metre yacht was well alight when water police arrived.

 

Queensland Ambulance said paramedics were assessing two patients with smoke inhalation at the Port of Brisbane. It's not known what caused the fire.