Power back on, economic cost of Alfred | NEWS UPDATE

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Episode Transcript

Speaker 1 (00:00):
It's submitted to seven an hour later on the tweed Hi,
I'm Rebecca Dacon and AJEX has thanked locals for their
support over the last week, including home baked biscuits and
surprise pizza deliveries as they worked to restore power to
homes around the city. After eleven huge days, Cruise finally
restored powers to all property around the Gold Coast last night,

(00:20):
As promised. It wasn't an easy final day, though, with
several secondary faults popping up across Springbrook, Talabudra, Bonogan and
the Corumbin and Talabadger valleys. The economic cost of cyclone
Alphred's been revealed, with the Treasurer also warning it could
put further upwards pressure on inflation. It's expected the weather
event will punch a one point two billion dollar hole

(00:43):
in next week's federal budget through reconstruction and income support costs.
It'll also slow already sluggish economic growth and pylon inflationary pressures,
particularly the costs of fruit and veggies. Two teens are
set to face court today over a stolen car crash
in Kupra that left an innocent driver in hospital. Polly
attracted the Toyota cameras that left the m one on

(01:05):
Friday night before it slammed into another car on a
nearby round about. The fifteen year old male driver and
thirteen year old female passenger were charged with multiple offenses
and reminded in custody. New figures show there are a
record number of cranes on the Gold Coast Skyline, but
they won't be enough to help solve the city's housing crisis.
A report from ERBIS is found while thousands of apartments

(01:28):
so due to be completed this year, they won't make
a difference to our supply problem because most of them
have already been sold. And new figures show last year's
Pampac Masters Games helped pump almost twenty nine million dollars
into the Queensland economy. The event attracted twenty nine thousand
tourists to the Gold Coast alone, up eight percent. The
Pampac Masters will return to the coast in twenty twenty six.