More than 100 homes have been lost in an out-of-control fire still burning on Victoria's surf coast, Sky News reported.

Firefighters have conducted an extensive search of Wye River and Separation Creek on Saturday, where all of the homes were lost.

Country Fire Authority deputy incident controller Mark Gunning said 116 houses have been destroyed in the 2,200-hectare Jamieson Track blaze.

"That will probably be the final number, as we've just completed an extensive search," Mr Gunning said on Saturday.

On Friday, authorities feared the intense blaze would also raze homes in Kennett River and possibly reach Victoria's major tourist spot, Lorne.

However, the fire stopped just 500 metres short of Kennett River.

Residents and holidaymakers were told it was safe to return to Lorne shortly after 9am on Saturday after spending most of Friday evening evacuating the area.

Source: MENA