Flood Waters in Australia may be the most costly Natural disaster ever

Floods that overwhelm Australia’s northeast and engulfed a major city could be the country’s most costly natural disaster ever, the government said Monday. The price tag from the adamant floods was already at $5 billion before muddy brown waters flooded Brisbane. Flooding  new areas in the south Monday, where water drain into the streets of rural communities in Victoria state. Three weeks of flooding have already torn a disastrous path through the northeastern state of Queensland. On Monday Queensland Premier Anna Bligh said that the bodies of two more flood victims had been found, bringing the death toll from Queensland’s disaster to 30, most of whom died in a flash flood that hit towns west of the state capital, Brisbane. The flooding in the state left a vast territory underwater,flooded 30,000 businesses and  homes left 12 people missing.”It looks like this is possibly going to be, in economic terms, the largest natural disaster in our history,” federal Treasurer Wayne Swan told Australian Broadcasting Corp. Radio on Monday. “It will involve billions of dollars of commonwealth money and also state government money, and there’s going to be impacts on local governments as well.” The region’s key Murray Darling river basin links New South Wales with Queensland and Victoria to the south, and drains into the sea from South Australia on the south central coast.