The town provided a stopover for Victorian Gold Rush miners on their way to the goldfields of Grant, Talbotville, and Crooked River. The Post Office opened on 18 March 1868.[3]
Today the town is a producer of timber and beef cattle, and outside these industries tourism has become a major source of revenue. The town is a popular destination for four-wheel drive enthusiasts, bushwalkers, sambar deer hunters, and trout fishermen. An annual Walnut Festival formerly ran through the Australian Easter holiday period and was usually well attended.
The Dargo Hotel, a major social gathering point for the district.
The Dargo Store, an important refuel and resupply point.