The Campaspe River appears to have peaked at Rochester, reaching 114.63m AHD.
The river level was sitting at 114.61m AHD at 10.09am at Rochester and 9.08m at Rochester syphon, according to Bureau of Meteorology river levels data.
This is lower than the 114.8m to 115m predicted for the town on Monday.
According to the Rochester SES Facebook page, the river is expected to run high for the next few days but a second peak is not expected.