Thanks for the replies.
I didn't realise that the forum went international!
It is Newcastle, NSW, Australia.
I have since verified that the barquentine is the New Endeavour and the photo is pre-1987. (You can make out a two word name on the bow, and I have sourced other photos and history.)
Unfortunately, she met her demise when she could not be maintained and was burnt to the waterline at Ballina, NSW.
She was launched as Dana in 1919 having been built in Denmark.
She was brought to Australia by a syndicate in the mid-1960s having had a major refit in England.
If anyone could give a clue as to what year the photo was taken it would be most appreciated.