Been checking all of my usual forecasts etc this morning just so I know how scared to be.
Most are still very uncommital of predicting the full effect of this swell as cyclones are very unpredictable. There is another one out there as well.
Eg. Seabreeze has a North East swell with a predominant SE wind. If you've watched cyclone swells in the past even though the cyclone is in the North the swell is created by a pressure gradient by ridging against a High as per this system. This scenario perhaps is in an indication of the models used being also very unsure of the forecast.
These swells are usually still SE swells, occasionally E. 7m is a very big swell but the biggest actual clean swell I can remember is TC Sose. Low winds, big clean long period SE swell. This has 40knot winds, meaning full scale victory at sea and even cancellation of Noosa late next week if it really plays out to full expectation.

I don't own a jetski so I guess I'm just hoping that the 40 knot wind, 7m swell scenario does not play out as all it leaves us with no banks. My tip would be surf as much this week in the lead up and ideal conditions as possible as if this swell event happens there will be nothing left for a while afterwards.