[3] Taylor's Island has been used principally for the grazing of sheep while its surrounding waters are well regarded fishing grounds.

In 1876, a sporting party described Taylor Island as being "covered with rabbits, mutton birds, and Cape Barren geese.

At one stage there was 7 feet of water in the well, and the ship's hand pump couldn't improve the situation.

After the ordeal, the ship anchored at Taylor's Island for five days, while the crew made necessary repairs.

[14][15] Plants recorded on Taylor Island include: Dryland Tea-tree (Melaleuca lanceolata), Coastal White Mallee (Eucalyptus diversifolia), Nitre bush, Pointed twinleaf, Native juniper, Kangaroo thorn, Dysentery bush, Old man's beard, Yorrell, Native lilac, Weeping pittosporum and Cockie's tongue.

Birds include Brown falcon, Grey fantail, Golden whistler and Richard's pipit.