Victorian gold rush Victorian gold rush The Victorian gold rush was a period in the history of Victoria, Australia approximately between 1851 and the late 1860s. It led to a period of extreme prosperity for the Australian colony, and an influx of population growth and financial capital for Melbourne, which was dubbed "Marvellous Melbourne" as a result of the procurement of wealth. The Victorian Gold Discovery Committee wrote in 1854: For a number of years the gold output from Victoria was greater than in any other country in the world with the exception of the more extensive fields of California. Victoria's greatest yield
Victorian gold rush these and other discoveries, however, it was impracticable to market the gold, and James Esmond's "find" which was made on Creswick's Creek, a tributary of the Loddon River, at Clunes on 1 July 1851, was the first marketable gold field. A party formed by Mr. Louis John Michel, consisting of himself, Mr. William Haberlin, James Furnival, James Melville, James Headon, and B. Groenig, discovered the existence of gold in the quartz rocks of the Yarra ranges, at Andersons Creek, near Warrandyte, in the latter part of June, and showed it on the spot to Dr. Webb Richmond, on behalf of