Mallacoota has been purchased

Located 521 km east of Melbourne, Mallacoota (Aboriginal word which either means 'the place of many waters', 'place of meeting' or 'good water') is a typical quiet seaside holiday village which seems to have been purpose-built for families and fishermen. According to the sign on the outskirts of town it is 'Victoria's Best Kept Secret' but, in fairness to the sign, it is a village designed for campers and caravan holiday makers - and, in summer, there doesn't seem to be any secret about the place. Virtually the entire foreshore of the town is given over to campers.

The area was first 'settled' in the 1830s when both Ben Boyd and the Imlay Brothers, who were whaling along the coast from southern NSW to northern Victoria, established the Mallacoota Inlet as their major station south of Twofold Bay.

By the early 1840s Captain John Stephenson, who had captained whaling ships along the coast, had been granted the first pastoral run in the district. He is still remembered at Captain Stephenson's Point at the eastern end of Allan Drive. The point area was the location of a large Aboriginal shell midden which, when excavated, revealed stone and bone tools, deep shell deposits and animal remains. Dating from recent prehistory it is considered one of the richest coastal archaeological sites on the Victorian coastline.