By 1909, a general store and other buildings had been erected on private land, and in 1912, the Government finally acceded to the request, naming the town "Killili" after a local Aboriginal word meaning "bullrush" following the Surveyor General's request for a "euphonious native name".

Gascoyne Junction is now a centre for mining, pastoral and desert merino fine wool industries, and serves as a gateway to nearby attractions such as Mount Augustus National Park and Kennedy Range National Park.

Picnic and playground facilities with BBQ are available in Federation Park surrounding the Town Pavilion.

[needs update][6] It was reported to be the least religious place in Australia, with 66.5 per cent of the population stating that they had no religion in the 2016 Census.

The Carnarvon–Mullewa Road, which passes through the town, is sealed between Carnarvon and Gascoyne Junction; a ceremony to mark the reconstruction of the last section was held on 20 May 2011.

[11] This significant flood event saw the destruction of the town's original pub The Junction Hotel.