Popular
This Tool Could Change Your Options Trading Forever
Four Symbols, One Big Message: What the Charts...
30 Dow Stocks in 20 Minutes: Joe Rabil’s...
Simpler Charts, Better Results? Use This Trick to...
Barrick Mulls Canadian Exit as Mali Gold Tensions...
Apple, MP Materials Ink US$500 Million Deal to...
Silver Price Update: Q2 2025 in Review
Juggernaut Closes $1,000,000 $0.64 Unit Private Placement Financing
Finlay Minerals Announces Increased Budget for PIL and...
Tech Takes the Spotlight Again—Are You Watching These...
  • Home
HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing
World News

Australia floods worsen as thousands more flee Sydney homes

by July 5, 2022
written by July 5, 2022

SYDNEY – Torrential rains kept battering Australia‘s east coast on Tuesday, intensifying the flood crisis in Sydney as thousands more residents were ordered to leave their homes after rivers swiftly rose past danger levels.

About 50,000 residents in New South Wales, most in Sydney‘s western suburbs, have been told to either evacuate or warned they might receive evacuation orders, up from Monday’s 30,000, authorities said.

“This event is far from over,” New South Wales Premier Dominic Perrottet told reporters. “Wherever you are, please be careful when you’re driving on our roads. There are still substantial risks for flash flooding.”

Prime Minister Anthony Albanese, who returned to Australia Tuesday after a week-long trip to Europe, said he would tour the affected regions on Wednesday along with Perrottet.

The federal government has declared the floods a natural disaster, helping flood-hit residents receive emergency funding support.

The latest wild storm cell – which brought a year’s worth of rain in three days to some areas – is likely to ease in Sydney from Tuesday as the coastal trough moves north, the Bureau of Meteorology (BoM) said.

But the risk of flooding could remain through the week with most river catchments already near capacity even before the latest deluge. Some regions have received 800mm (31.5 inches) of rain since Saturday, eclipsing Australia‘s annual average rainfall of around 500mm (20 inches).

About 90mm (3.5 inches) of rain could fall over six hours in the state’s mid-north coast from Tuesday, reaching up to 125mm (5 inches) in some places, BoM said.

Winds up to 90 km per hour (56 miles per hour) are also forecast in several flood-hit places, raising the risk of falling trees and power lines.

Battling rough seas, emergency crews continued their rescue operation on Tuesday to tow a bulk carrier ship that lost power off Sydney‘s coast after tow lines broke in severe weather, officials said.

Major flooding is occurring at Windsor in Sydney‘s west, its third and most severe flood this year, according to the weather bureau.

Footage on social media showed submerged roads and bridges, while emergency crews rescued stranded people from partially submerged vehicles that became stuck in rising waters.

Nigel Myron, a Windsor resident, said he has kept an inflatable boat ready if he had to evacuate though he is looking to move back to his place once waters recede.

“At the end of the day, what can you do? It is what it is and we dust ourselves off from the ashes and rebuild after the floods have come and gone,” Myron told ABC television.

 

‘SUBSTANTIAL ECONOMIC IMPACT’

Federal Treasurer Jim Chalmers warned the economic impact from the floods “will be substantial”.

Floods have likely inundated several food-producing regions and that would hit supplies and lift prices, further straining family budgets already reeling under soaring prices of vegetables and fruits, Chalmers said.

“There’s no use tiptoeing around that … that inflation problem that we have in our economy will get worse before it gets better. It’s got a lot of sources, but this (flood) will be one of them,” Chalmers told Sky News.

The Reserve Bank of Australia flagged the floods “are also affecting some prices” as it raised its cash rate a hefty 50 basis points on Tuesday and flagged more tightening ahead to tame surging inflation. Read full story

The Insurance Council of Australia, which declared the floods a ‘significant event’, urged affected people to apply for claims, even though the full extent of damage was unknown now. – Reuters

0 comment
0
FacebookTwitterPinterestEmail

previous post
REPORT: Only 18 Percent Of Independent Voters Approve Of Biden’s Job Performance
next post
Stinky seaweed threatens Mexico’s tourism boom

Related Articles

At least four killed and many ‘kidnapped’ in...

July 10, 2025

Universities threatened with funding cuts under proposed plan...

July 10, 2025

A piece of the illegally felled Sycamore Gap...

July 10, 2025

EU’s von der Leyen survives parliament confidence vote...

July 10, 2025

Critics slam Mexico’s gentrification protests as xenophobic. Activists...

July 10, 2025

A torpedoed US Navy ship escaped the Pacific...

July 9, 2025

Germany accuses China of laser targeting aircraft in...

July 9, 2025

More than 200 children found with high lead...

July 9, 2025

Russia launches record drone attack on Ukraine after...

July 9, 2025

Desperate Gaza doctors cram several babies into one...

July 9, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • This Tool Could Change Your Options Trading Forever

    July 17, 2025
  • Four Symbols, One Big Message: What the Charts are Telling Us

    July 17, 2025
  • 30 Dow Stocks in 20 Minutes: Joe Rabil’s Mid-Year Technical Check

    July 17, 2025
  • Simpler Charts, Better Results? Use This Trick to Trade Smarter With Less

    July 17, 2025
  • Barrick Mulls Canadian Exit as Mali Gold Tensions Escalate

    July 17, 2025
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 hotinvestingpilots.com | All Rights Reserved

HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing