The Latest Breaking News on Floods

The Victorian town of Kerang will be isolated for a week as the state's flood crisis unfolds – and more heavy rain is forecast.

Greater Shepparton area remains on high alert as river expected to stay at major flood level for days and thousands of properties isolated

Hundreds of kilometres of roads have been destroyed by floods, with sections of bitumen completely lifted off highways and taken downstream in some parts of the state.

Crops are submerged and dairy farms are without electricity in northern Victoria, and there are fears rain later this week could lead to another round of flooding.

Kerang could be cut off from the rest of the state for up to two weeks from Monday night as flood waters rise.

Thousands of Australians on Monday returned to homes and businesses to assess flood damage even as evacuation warnings remained in inland regions of the southeast and authorities warned of more rain ahead which could trigger renewed flooding.

The weeks ahead will be dangerous as a soaked east coast is lashed with more rain, Prime Minister Anthony Albanese has warned.

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A Victorian town will be isolated by floodwaters for a week, as the flooding disaster unfolds and the state announces a $351 million recovery package.

Victoria's Premier Daniel Andrews says more than 11,000 people have applied for emergency flood relief payments, giving authorities an idea of the number of people affected by the crisis. Flood conditions in Shepparton have stabilised, but residents in Echuca will face another peak in 48 hours.

Waters up to 12 metres are expected to inundate properties in some areas