Floodwaters in a West Wodonga quarry were steady overnight and there will be onsite inspections and meetings this morning.

There are concerns for powerlines centred on the footings of transmission towers on the northern fringe of the quarry.

A gas pipe and major electricity line are in the area.

All residents in the area have now moved to safer areas from the quarry, which is bordered by Edwards Road, Sheathers Road and Goynes Road.

Meanwhile, the SES initially said flooding in the Bundalong area might be similar to the 1993 floods but spokesman Brian Wright downplayed this, and said that would be a worst-case scenario.

"Not yet, from my understanding it's still steady," he said.

The Murray River at Yarrawonga is predicted to peak 8.1 metres Friday, according to the Bureau of Meteorology.

The number of properties in Bundalong which could be affected depends on the arrival time of peak flood waters of both the Ovens and Murray.

If both rivers peak at the same time this could cause the water to back up and may increase the chance of properties being flooded.

But Mr Wright said the impact of the confluence of the two rivers had not been as severe as expected.

"It seems that the water coming down the Ovens is just meandering down without further rainfall, which is good, it's not being flushed out" he said.

"I suppose what's causing the problem at Bundalong is the fact that the Ovens is meeting the Murray, so it's a question of which of the two rivers is stronger and bigger and decides where the water is going to go."

Mr Wright was briefed Friday morning that releases from Mulwala and Hume weirs were steady.

"I'm taking the view that they're probably using Lake Mulwala as a holding basin," he said.

Overnight one Bundalong house had water over its floor while six others were sandbagged on Bailey Street.