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If you wish to visit Hanging Rock Reserve , follow Mt Macedon Road up past the turnoffs into Cameron Drive , Lions Head Rd and Barringo Rd . This network of lookouts was established in the late 1930s by the Forests Department so that forest fires could be rapidly detected . Old Dartmouth , which developed in conjunction with goldmining on the Dart River in the 1870s , lies beneath the dam . At the foot of the mountain is the township of Macedon ( population 1250 ) while , part way up the hill , 65 km north-west of Melbourne , are the lovely tree-lined streets and gardens of Mount Macedon ( population 670 ) which has the Trading Post ( a general store cum newsagency ) , a restaurant , a nursery or two , cottage accommodation and a pub named the Mountain Inn which is a fine English-style hotel with gardens , tennis courts and croquet lawns at the rear . The original town plan was to incorporate tram lines so it is also notable for its great width . At the One Tree Bridge , which is 20 km out of Manjimup on Graphite Road , there are a series of displays telling the history of the area and offering rare insights into the privations and hardships which were a necessary part of settlement in an area where giant hardwoods resisted attempts to clear the land . The Panitya North Rd takes you to the Bellbird and Boltons Bore area where you will find ' the Rockholes ' , dug out of solid rock by the Aboriginal people , in order to collect water . In order to obtain the coal deposits beneath Yallourn the SEC announced , in 1969 , that it was phasing out the town , with demolition commencing in the 1970s and being completed in 1982 . And it preserves all the remedies that currently exist under contract law - so that exchanges and market participants remain free to structure their business relations as they deem most mutually beneficial , subject to the oversight of the Securities and Exchange Commission . If so , we would love to have you aboard . Alpine Road and provides splendid views of Mount Feathertop , the surrounding countryside and the Ovens , Kiewa , Bundara , Cobungra , Victoria , Little Dargo , Wongungurra and Buckland Rivers which branch out in all directions . Where the bitumen runs out a dirt road heads off to the right and this is the entry point for Merbein Common . Bushy Park homestead , originally situated on the Avon River at Briagolong , was built by Gippsland explorer , Angus McMillan , in 1850 , out of pit-sawn redgum timber , after the original homestead had been destroyed in a bush fire . Park in Two Bays Rd picnic area , cross the road and follow the track up the hill and around the edge of the quarry . The fires raced uncontrollably up the slopes of Mt Macedon and , despite the efforts of 1000 volunteer firefighters , a number of old homes were razed .