Neighbouring houses suffered only superficial damage, Mr Lockyer said.
Neighbour Sam Lee said he and his flatmates grabbed their laptops and some valuables before fleeing.
Their flat, about a metre away, escaped damage, he said.
"The wind was blowing in the other direction, so we weren't too worried," he said.
But the incident was "very dramatic, real crazy".
The vacant property was known among locals and Mr Lee said sometimes he would walk through it to find empty tupperware containers and used syringes.
His downstairs neighbour had often chased out young people squatting in the building, he said.
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