Yarrawonga is the major tourist centre over the river/lake from Mulwala. Yarrawanga is the main population centre for this region. Yarrawonga is a really nice small that over time has developed a strong community spirit.
Historically, one of the major industries in the Yarrawonga/ Mulwala area has been the explosives factory, which was constructed in Mulwala over 1942-43. It is now owned by French company Thales.
Yarrawonga Post Office opened on 28 November 1874.
Yarrawonga's main attraction is the weir formed by the damming of the Murray River, immediately downstream of Yarrawonga. The lake is a popular location for activities such as boating kayaking and fishing.