Not even close to the 1999 hailstorm, but then that hit over a much more densely populated area (the eastern suburbs). From wikipedia:
The 1999 Sydney hailstorm was the costliest natural disaster in Australian history, causing extensive damage along the east coast of New South Wales. The storm developed south of Sydney on the afternoon of April 14, 1999 and struck the city's eastern suburbs, including the central business district, later that evening.[1]
The storm dropped an estimated 500,000 tonnes of hailstones in its path.[2][3] Insured damages caused by the storm were over A$1.7 billion,[4][5] with the total damage bill (including uninsured damages) estimated to be around A$2.3 billion, equivalent to US$1.5 billion.[6][7] It was the costliest in Australian history in terms of insured damages, overtaking the 1989 Newcastle earthquake that had resulted in A$1.1 billion in insured damages. Lightning also claimed one life during the storm, and caused approximately 50 injuries.[8][9]
A report on the ABC website from last Thursday says the recent storm damage has hit $138 million, so pretty small compared to the 1999 one.