Alfred is expected to become the first cyclone to cross the coast near Brisbane since Cyclone Zoe hit Gold Coast in 1974 and brought widespread flooding.

Alfred is forecast to make landfall near Brisbane, the capital of Queensland and Australia’s third largest city.

Tropical Cyclone Alfred is forecast to make landfall near Brisbane as a Category 2 storm on Friday or Saturday.

Billions of dollars of damage are expected to follow Tropical Cyclone Alfred, Treasurer Jim Chalmers says, as new research suggests one in five Australians are facing an "impossible choice" when it comes to insurance costs.

But while authorities have been warning residents to stay indoors as Cyclone Alfred approaches, die-hard surfers have been throwing caution to the increasing wind. "This is what we look forward to," said Jeff Weatherall as he waited for a jet ski to pick him up from Kirra beach and carry him into the big waves.

From Byron Bay to Brisbane and beyond, the effects of Tropical Cyclone Alfred are being felt on Friday morning.

Rain was pouring down in Brisbane, Queensland, as Tropical Cyclone Alfred neared the Australian coast. More Videos. Trump warns Hamas as US holds unprecedented talks for Gaza host

Cyclone Alfred stalled off Australia's east coast delaying landfall as officials shut airports, schools and public transport and residents stockpiled supplies and sandbagged homes against floodwaters expected when the category-two storm hits.