A woman sweeps mud from a property affected by floods in the Melbourne suburb of Maribyrnong on Oct 15, 2022. (WILLIAM WEST / AFP)

SYDNEY - Thousands of homes may be inundated, and tens of thousands of homes may be either inundated or isolated as flood continues to wreak havoc in Australia's state of Victoria.

The Victorian government announced on Monday a 351 million Australian dollars package funding to help families affected by the flooding, as well as rebuilding damaged roads and clean-up efforts

According to the latest update of incidents and warnings from Victoria's emergency department, there are over 50 warnings across the state including more than 10 evacuation orders that are mainly for the northern part of Victoria.

Residents in areas such as Shepparton and Murchison, in northern Victoria, were warned as "it's too late to leave" and to "move to higher ground."

ALSO READ: Man killed in major flooding in Australia's Victoria state

Australian Minister for Emergency Management Murray Watt told national broadcaster ABC News on Monday that emergency authorities would be kept busy as conditions continually change.

"This is a very serious situation. The reports I'm getting, we are could be looking up to 9,000 homes inundated in northern Victoria and potentially close to about 34,000 homes in Victoria either inundated or isolated."

Southeastern parts of Australia including the state of Victoria, New South Wales, and Tasmania have experienced a flooding emergency as heavy rainfall hit the states since last week.

ALSO READ: Heavy rains, flash floods threaten Australia's southeast

A 71-year-old man in Victoria was found deceased in floodwaters in the state's north last Saturday.

The Victorian government announced on Monday a 351 million Australian dollars (about $219 million) package funding to help families affected by the flooding, as well as rebuilding damaged roads and clean-up efforts.