Sydney’s water crisis takes a turn

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After plummeting for three years to just 41.7% last week, Sydney’s water supplies received a nice bump from the weekend’s torrential rain, with dam levels rising above 60%:

The storage of Warragamba dam has risen by an incredible 20 per cent to almost 62 per cent after the weekend’s deluge — and the dam level is still rising. On Monday morning, WaterNSW recorded the capacity at 61.8 per cent. The Bureau of Meteorology said the dam received 100mm of rain since the heavy downpour began on Friday. This time last year the dam was at 61.4 per cent.

Fitzroy Falls Reservoir in the Highlands and Tallowa Dam are at full capacity. Avon Dam is at 80.6 per cent and Cataract Dam is 68.1 per cent full, while Cordeaux Dam is at 68.5 per cent, Nepal Dam is at 40.6 per cent, Woronora Dam is at 59.6 per cent and Wingecarribee Reservoir is at 64.1 per cent.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.