The west of the locality is within the Cooper Creek drainage basin which ultimately ends at Lake Eyre.

The east of the locality is within the Fitzroy River drainage basin which flows into the Coral Sea south of Rockhampton.

[3] In March 1881, the Caldervale pastoral station of 25 square miles (65 km2) was forfeited by its previous owner and sold to J.

[7] When it was sold by Joseph Henry Hoddinott to Edward Goddard Blume in 1924, the Caldervale pastoral station had an area of 430 square miles (1,100 km2) and carried 2,000 head of cattle.

[9] In 2014, Caldervale station, along with other pastoral properties owned by the Hughes family, became certified for its organic Wagyu beef production.