Updated
The south east corner of Queensland waits as a once-in-a-generation storm system lurks off the coast.
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Over 4 million residents are bracing for a once-in-a-generation weather event with the category two Cyclone Alfred waiting off the coast of Australia’s third most populous city of Brisbane and it’s surrounding cities.
Residents have been preparing for days, stocking up on supplies, and sandbagging homes or shopfronts in preparation for tropical system.
Check back for updates.
Thursday, March 6
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Cyclone Alfred has yet to make landfall, but the damage estimates are already arriving.
The cost from the category two system is estimated to be in the billions, with one finance analyst predicting a $2 billion (US$1.2 billion) damage bill.
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Speaking about the cyclone, Australian Treasurer Jim Chalmers urged residents to be prepared.
“I think like a lot of people in South East Queensland and Northern New South Wales it’s an anxious wait as we wait for the cyclone to cross over,” he said.
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