BBC: The Australian state of Queensland is facing a reconstruction task of "post-war proportions", as floods left swathes of it under water.
State Premier Anna Bligh said the state was reeling from the worst natural disaster in its history.
Powerful flood waters have surged through the state capital, Brisbane, leaving thousands of homes submerged.
The floods peaked at a lower level than expected but more than 30 suburbs are under water.
Huge amounts of debris - cars, boats and jetties - have been floating downstream, some smashing into bridges.
One man died when he was sucked into a storm drain and two more deaths elsewhere were reported by Australian broadcaster ABC, bringing the toll from this week's flooding to 15, with dozens more missing.
Things are still very bad here - there is widespread devastation. Some 25,000 homes are either partially or totally flooded, but the key thing is the river levels didn't peak at the high point feared.
The big commercial area will win a reprieve but more than 30 suburbs have been hit and people will be under water for days to come. There will have to be a huge recovery operation throughout the state, so this crisis is far from over.
The floods have devastated much of the agriculture sector and the mining sector. I was speaking to the state treasurer on Wednesday and he said the cost would have a "b" after it - for billions - rather than an "m".
The Brisbane River is now receding and was expected to fall to around 3.2m by early on Friday
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