Rodney Pacitti had cast a line when he suddenly noticed the predator lurking beneath the surface.
The gigantic predator started to circle kilometres off Broadbeach.
“Oh s—, look at the size of this shark under me!” the fisherman said in the video.
“Wow! That is unbelievably big.
“Is that a white pointer? Holy smokes.”
While fishers are known to exaggerate the size of their catch, Pacitti was able to compare it next to his four-and-a-half metre boat.
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The chance encounter lasted for 15 minutes but the fisherman was not 100 per cent sure he was in the clear.
“The shark seems to have cruised off, I haven’t seen him for a second,” he said in the video.
“Oh no, he’s right back behind me again, hang on.”
Fortunately the gigantic predator didn’t spook all the fish with Pacitti still heading home with a feed.
Sharks spotted metres from the shore at beach in Queensland