The Tumut River dropped below the minor flood level at Tumut overnight, having reached a peak near 2.2m at about 7pm last night.
The latest reading at 9am put the river at 1.59m and falling, according to the Bureau of Meteorology.
Minor flooding is now occurring along the Murrumbidgee River at Gundagai and Wagga. There is also flooding around Brungle, where the Tumut River was at a height of 3.65m at 9am.
More than 70mm of rain had been received in the region in the prior 24 hours, causing the Gilmore Creek to break its banks and causing sharp rises in the Goobarragandra River and Tumut River yesterday.
Overnight rain caused some rises in tributaries overnight.
The SES indicated yesterday it would remain on a heightened state of alert given the saturated ground and predicted rainfalls in the coming days.
The SES urged people to never drive ride or walk through floodwater.
For emergency help in floods and storms, call the NSW SES on 132 500.
NSW SES website: www.ses.nsw.gov.au FloodSafe website: www.floodsafe.com.au
Bureau of Meteorology weather forecasts and flood predictions including river height information are available at www.bom.gov.au