Homoranthus vagans is a flowering plant in the family Myrtaceae and is endemic to a small area in southern Queensland.

It is a shrub with pointed linear leaves and groups of up to ten yellow flowers in leaf axils near the end of branchlets.

The aromatic leaves are a dull grey-green, blade shaped and arranged opposite along the stem.

[4] The specific epithet (vagans) is derived from the Latin word vagus meaning "wandering" or "unsettled",[5] referring to habit of young branchlets of "wandering" over the ground, sometimes attaching to the ground with adventitious roots.

ROTAP conservation code 2V using Briggs and Leigh (1996) and IUCN (2010) considered vulnerable.