Waterford residents watch rising waters

Waterford resident Tony McCorry is hoping the council has bungled its prediction for local floods, as a record river rise brings murky waters within centimetres of spilling into his home.

"It's going to be two inches, give or take, from coming into the house," he told AAP as he looked out at the swollen Logan River, which has overrun his large backyard.

"They say it's going to be a 10.5m flood, my house is 10.4m."

Logan City Council expects more than 300 properties, including 211 homes, to have been inundated as a result of floods on Friday and Saturday.

Mr McCorry had spent part of Saturday morning paddling around his submerged property on a canoe, rescuing styrofoam boxes of seedlings as rapid currents tried to drag them into the Logan River.

His chicken coop is almost entirely under water and his fowl disappeared yesterday, but his pet peacock is still strutting about his shrinking yard.

"He lives up in the tree out the front," he said.

Mr McCorry has been at the property for five years.

"This is the worst flood since I've been here," he said.

And the water is rising quickly.

"When you stand here and watch it, it's like wow," the 44-year-old said.

Despite the possibility of his home flooding, Mr McCorry and a neighbour calmly joked as water continued towards the retreating patch of dry ground in front of his back door.

"You haven't far to go to fishing, bloke," his neighbour said cheekily as the pair watched an upturned cubby house bob in waters which have flooded over what's usually a lawn.

The small timber hut has been tethered to a 4WD to prevent it from being swept away.

"Its like a buoy," he said, before flashing a wry smile.

Down the road from Mr McCorry's place curious locals have gathered on the Larry Storey bridge to take photos of the flooded Logan River, which is moving much faster than the cars on the congested road under which it runs.

For now.

"That bridge would getting close to closing," Mr McCorry said.