THERE are fears for the town of Echuca as rain from the weekend's deluge makes its way down the Murray River.

Floodwaters at Shepparton are believed to have peaked and authorities are now turning their attention to areas upstream from there toward and including Echuca, and the junction of the Goulburn, Campaspe and Murray Rivers.

Echuca is likely to be affected tomorrow night, State Emergency Service (SES) acting director of operations Tim Wiebusch said.

"The areas of concern this morning now are upstream from Shepparton as we start to head toward Echuca and Echuca itself over the next couple of days as floodwaters come in there both from the Murray and Goulburn River,'' he told the Nine Network.

"So we're preparing communities right up along the Goulburn River with information and making sure that they're aware that they need to have their mobile phones charged, their landline cordless phone charged in the event that we need to issue an evacuation warning.

"Shepparton at this stage has peaked and is remaining steady.

We've got around 650 homes that are isolated by floodwaters there at the moment.

"Twenty properties on the outskirts of Shepparton have been inundated by water, around 10 commercial properties have been inundated.

''A community meeting is scheduled in Echuca for Thursday.

Authorities are watching for any sign a Wangaratta levee bank will collapse, inundating 60 houses and risking the lives of those who refused to evacuate, as more rain looms over Victoria.