Flooding of the Ovens River in Wangaratta has subsided after peaking below the minor flood point of 11.9m.

The river peaked on Wednesday morning at 11.72m before dropping to 11.33m by 2pm on Thursday.

Rural City of Wangaratta Council staff closed off the Ovens River bike path and riverside carparks on Tuesday and Wednesday until flooding subsided.

The King River at Docker Road bridge has also dropped after near moderate flooding on Monday night at 3.89m, dropping to 2.6m at 2pm Thursday.

Consistent rainfall over the weekend including a 21.8mm downpour on Saturday contributed to the flood risk.

Forecast for Wangaratta this weekend will see sunnier skies with maximum temperatures of 17 degrees Saturday and Sunday.