Floodwaters at Shepparton in northern Victoria are holding steady at a peak of 11.1 metres.
The State Emergency Service (SES) says there have not yet been reports of damage to houses.
The SES says they expect less than 100 houses to be reached by the floodwaters in Shepparton and its surrounding areas.
Water levels are also steady across the Goulburn River at Mooroopna, where sandbags were put in place earlier this morning after water rose through storm drains.
Up to 500 homes in the community of Kialla Lakes, south of Shepparton, remain isolated but none have been inundated at this stage.
Across the Goulburn River at Mooroopna, the SES is sandbagging homes and an electricity substation after reports of water rising through storm drains.
Floodwaters are still rising in the west of Victoria at Horsham, but the peak there is now not expected until mid-morning.