Built in the same year as Lass O'Luss, the cutter Waltzing Matilda was another of Jock Muir's most famous yachts.
She was similar design to Westward but with a counter stern and the overall length increased from 42 feet to 46 feet. She was built for Phil Davenport of Sydney who was planning a world cruise. He later immortalised her in a 1953 book titled “The voyage of Waltzing Matilda.”
Waltzing Matilda won line honours in the 1949 Sydney to Hobart Yacht Race, and finished second on time to Trade Winds. She also went on to finish a credible fifth on corrected time in her division of the 1950 Fastnet Rock Ocean Race, after sailing to England via the Magellan Straits – the first Australian yacht to do so. Afterwards she cruised to Norway and back to England, and then crossed the Atlantic in winter gales with Phil Davenport and his brother, Keith, as the only crew.
Before the Fastnet race her Australian rating was dramatically reduced, and had that much lower rating been the same for the 1949 Sydney to Hobart Yacht Race, Waltzing Matilda would have given Phil Davenport the double and Jock his third Sydney to Hobart handicap win in a row.
She was a sturdy 46ft sailing cutter with one tall mast 53ft above deck. Waltzing Matilda had a 12ft beam and just over 7ft draft, and 20ft of her full length was devoted to living space.
There were seven yachts built to the Waltzing Matilda design.