The crew of a wooden boat has been rescued on Sydney Harbour after crashing with a yacht south of Bradleys Head this afternoon.

The wooden skiff from the Sydney Flying Squadron at Kirribilli and the commercial sailing vessel named Barefoot collided just before 4pm, with significant damage caused to the smaller boat.

The skiff was reported to be sinking and was towed to the shore at the 18 Footers Club at Double Bay.

The skiff was reported to be sinking and was towed to the shore at the 18 Footers Club at Double Bay. (Nine)

The cause of the collision was not immediately known.

Footage captured by members of the public on a nearby Manly Ferry showed the capsized hull of the smaller ship, with several people sitting on top of it.

Three of the skiff’s crew remained aboard the upturned vessel as it was towed to safety by a Sydney Maritime vessel.

There were no reports of injuries.

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