AMP chief economist Shane Oliver estimated the cost of the storm could be $1.1 billion a day based on the population of affected regions, but that was expected to be a “very short-term impact”. “Then you’ve got this flip side of that, the rebuilding kicks in and that acts as a stimulus,” Oliver said.

Brisbane is a subtropical city of more than 2.5 million people, situated on a flood-prone river. That’s why residents mustn’t get complacent after Cyclone Alfred.

Acting Police Commissioner Shane Chelepy has defended the warnings issued by police to the community, after residents in Brisbane were caught off guard by cyclonic level winds overnight to Sunday.

South East Queensland and northern NSW are in it for the long haul with ex-Tropical Cyclone Alfred, forecasters have warned, with severe weather and flood warnings still in place for large parts of the east coast.

Brisbane residents have relived their horror after a massive gum tree came crashing through their family home during cyclonic winds last night.

Residents are stacking sandbags to protect low-lying properties ahead of a tropical cyclone that is forecast to become the first in 51 years to hit the Australian east coast near Brisbane, the nation’s third-most populous city.

Brisbane police are urging the community to remain vigilant towards severe weather risks as ex-Tropical Cyclone Alfred moves over southeast Queensland

Ex-tropical Cyclone Alfred has been downgraded to a tropical low, as it approaches Australia’s eastern coast. Although the speed at which Alfred is travelling has slowed, Brisbane locals have been sent a stark warning of what might be to come.

Tropical Cyclone Alfred is forecast to cross the coast between the Queensland state capital Brisbane and the tourist city of Gold Coast to the south late Thursday or early Friday.

Brisbane bus drivers braved wild conditions to deliver 700 services on Sunday morning before being recalled about 11am but the southeast’s trains and ferries are still offline.

Australia's Star Entertainment is selling its half-share in a Brisbane entertainment complex to its Hong Kong partners for A$53 million ($33.4 million) in a last-minute bailout for the cash-strapped casino group.