[3] In the 1930s the area had significant change with the construction of the Waranga - Mallee channel, which bisects the town.

Colbinabbin in recent years has seen a boom in wine growing and a substantial number of vineyards have been established in the area, especially along the Mount Camel Range, known colloquially as 'The hill'.

[citation needed] The red volcanic soil of the Mount Camel Range was formed in Cambrian times and is ideal for grape production.

[4] Colbinabbin has an active community fielding teams in several sports including an Australian rules football team playing in the Heathcote District Football League, netball, tennis, lawn bowls and cricket sides.

The town has featured prominently in regional media with the construction of a pipeline connecting the Waranga-Mallee channel to Lake Eppalock and onto Ballarat.

Local opposition to this development was reported on ABC news and a petition against further drawing of water from the Goulburn system was initiated.