Three rescued after boat capsizes off Gold Coast beach

Three people have been rescued from waters off the Gold Coast after their boat capsized this morning.

Queensland police said a small boat hit a large wave off the Gold Coast seaway at Main Beach at 5.30am, causing it to capsize.

Water Police initially saved two people from the water and began looking for a third.

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The third person has now been located.

It's understood that two people suffered minor injuries. The condition of the third person is unknown.

Queensland Police said the incident is ongoing and crews remain at the scene.