About 60 warnings remain active across the state, including an evacuation order in Kerang, which was isolated late on Thursday as the final road out of the town became too dangerous for vehicles.
Resident Jack Hewitt said his neighbour's house was flooded up to the window sills, and many other nearby properties were surrounded by water.
"We'll be talking about these floodwaters until well after Christmas," Mr Hewitt told AAP on Friday.
"That's what we're dealing with here, all the way along the Murray River."
Agricultural land was inundated and farmers have been pumping water away from crops in the hope some can be salvaged.
"Some people are going to have some massive financial hits, they've totally been wiped out as far as their crops and in their income for this year," Mr Hewitt said.
Evacuation orders remain in Echuca, Barmah and Lower Moira along the Murray.
Clean-up efforts continue across Victoria after homes and businesses were flooded in the state's second wettest October on record.
CFA and SES stations in Rochester in the state's north will be rebuilt, after they were damaged when the town was inundated more than a fortnight ago.
Premier Daniel Andrews and Minister for Emergency Services Jaclyn Symes said details of the $8 million redevelopment, including the new location and design, are yet to be finalised.
Thousands were left without power in Melbourne on Thursday afternoon when parts were hit with a sudden downpour.
Suburbs in the east were hardest hit, including Maroondah and Lilydale, which was inundated by flash flooding earlier in the week.
More than 460 calls for help in the past 24 hours were received by the SES, mostly about flooding and fallen trees.
Watch and act alerts remain active at Bunbartha, Kaarimba and Mundoona, along with the Murray River downstream of Tocumwal to Barham.
A moderate flood warning was issued for the Campaspe River downstream of Rochester on Friday, along with Seven Creeks downstream of Euroa.
A landslide warning was issued for Bogong Village and Falls Creek on the Bogong-High Plains Road area.
Victorians are being warned to drive to conditions during the long weekend, as more severe weather is forecast to hit the state.
A severe weather warning has been issued for damaging winds across parts of Gippsland in Victoria's east, with gusts up to 100km/h possible in alpine areas.
Showers and possible thunderstorms have been forecast for the rest of Friday across Victoria.
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