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The 2000 students, mostly first-years, were taking part in the annual four-block march on George St to the city's Octagon.
The students' behaviour was fuelled by residents living in apartments on the parade route, who appeared to be waiting for the students and threw eggs on the students on the street below.
After the parade, George St was left littered with broken glass, vomit, broken tables, smashed signs and damaged cars.
"This is just taking it way too far. We shouldn't have to take it, just look at the streets.''