By January 1860 a new field a few miles south of the original was opened up by Potter, Irvine and McKean and dubbed "New Inglewood".

The population soon dwindled as the easily won alluvial deposits became exhausted but, as early as 1859, quartz reefs had been discovered which resulted in the permanent settlement of a few thousand miners and businessmen.

Numerous other reefs, including the Maxwell's, Jersey, March and Morning Star, gained renown for their rich yields.

The ultimate result of the fire was a transition from bark and canvass establishments to more substantial brick and iron structures, many of which remain today.

The site is heritage listed and houses a museum, retail store, coffee bar and model distillery.

Inglewood is also notable for the collection of public and religious buildings located away from the main thoroughfare, unusual for a town of its size.

The town is also gaining a reputation amongst treasure hunters, with at least half a dozen vintage and antique stores operating in Brooke Street.

Since the million dollar "Hand of Faith" nugget was discovered 11 km west at Kingower in 1980, gold detectors have brought fresh discoveries left behind by the early prospectors.

Inglewood forms part of the "Golden Triangle" which encompasses some of the richest alluvial goldfields in the world, including Kingower, Rheola, Dunolly, Tarnagulla and Moliagul, where the biggest gold nugget ever unearthed, the "Welcome Stranger", was discovered.

The town is central to the Bridgewater On Loddon and Kingower wineries, producing quality red and white wines.