Yarrawonga is situated between Cobram and Rutherglen in Victoria some
265kms north east from Melbourne, across the Murray River from the
New South Wales town of Mulwala. Yarrawonga is well positioned within one
hour’s drive of the major regional centres of Albury/Wodonga, Wangaratta
and Shepparton.

Yarrawonga's major natural attraction is Lake Mulwala which was formed by
the building of a weir across the Murray River in the 1930s. The resulting 23
kilometre long lake is a popular location for boating, fishing and swimming.
A number of tourist operators offer cruises on the lake and river for visitors.
Yarrawonga is a popular holiday destination, well known for its warm and
stable climate and the array of festivals held in the area throughout the year.

The main shopping strip is located along Belmore Street, with attractive parks
and gardens located at the northern end which front onto Lake Mulwala.
Yarrawonga has a population of over 5953 (recorded in 2001) and twin-city
Mulwala (NSW) has a population of 2,217. Reflecting the importance of tourism
related activities the labour force is concentrated in recreation and personal
services along with retail and manufacturing.

Agribusiness – there is a significant horticulture activity in the area around
Yarrawonga including fruit, and grapes together with dry land grain farming.
Manufacturing – Manufacturing activity is dominated by the Australian
Defence Industries at Mulwala. Other manufacturing activity includes
industrial engineering, light management and wool processing.

Retail and Services – A strong retail strip has developed in Yarrawonga that
caters for tourist visitors, for town residents and for surrounding areas. The
cross border area with Mulwala boasts two supermarkets.

Tourism – Tourism activities centre on the lake and the registered clubs in
Mulwala. Water activities include water skiing, sailing, fishing and river
cruising. There is a major 45-hole golf club at Yarrawonga/Mulwala.
Yarrawonga is experiencing the fastest rate of population growth in the Shire,
reflecting its attractiveness as a residential location, a tourism area and an
industrial location. With a large cross-border catchment area and
well-developed industrial estates, Yarrawonga also offers strong future
business opportunities.

The major employers in the Yarrawonga include:
Australian Defence Industries (Mulwala) – Defence manufacturing,
Moira Healthcare Alliance – community health service,
ICM Farm Products – beef cattle feedlot,
Yarrawonga Abattoir – meat processing, licensed sport and RSL clubs (Mulwala).

© Hargraves Secured Investments Limited 2010