Located in the northwest of Victoria, Australia, within the Shire of Gannawarra.

At the 2011 census, Lake Charm and the surrounding area had a population of 311.

[1] The area is a popular destination for waterskiing, boating, duck hunting, fishing and scenic drives.

Lake Charm has a surface area of 457 hectares and is especially noted for its large redfin.

Other popular sports at Lake Charm are water skiing, sailing and fishing.