[3] The first European settlement was in 1840, with the establishment of a sheep station owned by a squatter named Edward Hurry.

Hurry had previously spent some years in Bolivia in South America, and chose this name for the land around his property.

[4] Hurry's sheep contracted catarrh and he sold Bolivia to Sir Stuart Donaldson who then held the property until 1843.

Irby's memoirs record that on one of these expeditions, in 1842, they "routed" around 100 Aboriginal people, burning their camp and all of their property.

Many minerals have been mined in the region including bismuth, gold, tin, silver, high quality silica and arsenic.

Little Bolivia Hill rises approximately eighty metres above Deepwater Creek on the southern boundary of the locality.

Tennis, cricket, pigeon shooting, polo and horse racing were among the popular sports that were held at Bolivia.