The property losses from Victoria's main bushfire zone are likely to rise once ground assessments are completed by the end of the day.
The current losses stand at two houses, six sheds and two cars, the Country Fire Authority says.
Metropolitan Fire Brigade and Victoria Police teams are out assessing safe areas of the fire ground near Lancefield, and have covered about a third of the 2700 hectares so far.
"We expect by the end of the day when those crews report back in that we will see some increases in loss levels," CFA chief officer Euan Ferguson told ABC News 24.
"We are working feverishly and we have a lot of resources that are applied to this task at the moment."
Emergency warnings have been downgraded to "watch and act" for the blaze near Lancefield that was threatening the Benloch area on Thursday morning.
The CFA downgraded the blaze shortly before 9am, but it is still not under control.
Residents in Baynton, Baynton East, Benloch, Emu Flat, Nulla Vale, Pastoria, Pastoria East and Sidonia are still being warned to be vigilant.
Community meetings are being held at Lancefield Mechanics Institute in Lancefield.
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