There is relief for some communities on the western Darling Downs, in southern Queensland, but authorities warn the flood threat has not disappeared altogether.
Myall Creek in Dalby peaked at the minor flood level of 2.1 metres overnight.
Mayor Ray Brown says a few backyards were inundated but there has been little other damage.
He says authorities are still watching events in Chinchilla, with Charleys Creek reaching six metres overnight.
That is almost 1.5 metres lower than the 2011 flood.
"We need to keep monitoring on a very frequent basis because those stream rises are still upstream," councillor Brown said.
"We don't know what increase we'll have in Chinchilla with such enormous water in the system."
He says no homes in Chinchilla will be inundated if the creek peaks as expected at 6.2 metres.
Meanwhile, residents on the southern Downs will be assessing the damage today after the Condamine River peaked in Warwick overnight.
About 180 residents spent the night in evacuation centres and about 40 homes and businesses have been flooded.
Mayor Peter Blundell says the river had been predicted to peak at eight metres but it only reached 7.5 metres.
"There'll be a lot of clean-up to infrastructure, a lot of our parks and sporting fields have been inundated yet again," he said.
"Some of the fixtures and fittings, those sorts of things, clubhouses - they are going to need cleaning up again.
"Businesses and houses that have had water through them, we're going to need to clean those up as well."
© ABC 2013
18:16 EST Heavy rain has stranded about 40 people at William Creek in the South Australian outback due to flooded roads and low cloud has grounded aircraft.