The flood watch over the Queanbeyan and Molonglo Rivers was lifted on Thursday night, with emergency services reporting only a slight increase in river levels after a small amount of rain.
Queanbeyan SES public information officer Brent Hunter said 10 volunteers worked for nearly 12 hours into Thursday night, while a flood rescue crew was on standby.
Two millimetres of rain fell in the Canberra area overnight, according to the Bureau of Meteorology.
The SES received one request for assistance during the day, from a nursing home, and volunteers laid 80 sandbags around the property to prevent damage from any flash flooding.
"We take the safety of the community extremely seriously and are happy with the receptiveness and engagement levels from the wider Queanbeyan community," Mr Hunter said.
"A lot of careful consideration goes into releasing a warning notice to the community. Providing information to our residents so they can adequately prepare is the most important phase in disaster management.
"In this instance the two main storm fronts in our area did not completely merge, which lessened the potential impact significantly. Together with the Bureau of Meteorology, SES monitored the storm fronts well into the night until we were convinced that the risk of flooding had abated."