Brisbane and Ipswich can breathe very small sighs of relief this morning, as the flood levels proved not as bad as originally feared. The Brisbane River peaked at 4.46 metres early this morning, over a metre less than the expected peak of 5.2 metres and less than the infamous 1974 flood. The expected peak was downgraded throughout the night from initial predictions of 5.5 metres yesterday afternooon.

Ipswich's Bremer River peaked at 19.4 metres yesterday afternoon at 3pm -- less than the 1974 flood -- and is now steadily dropping. It was below 18 metres at 3am this morning.