The island is popular as a camping destination and is rich in wildlife, with many goannas, eastern grey kangaroos and koalas visible all year.
[1] The vegetation of the reserve is mainly river red gum (Eucalyptus camaldulensis) open forest.
[3] Ulupna also provides important habitat for two threatened woodland birds, the grey-crowned babbler (Pomatostomus temporalis) and the superb parrot (Polytelis swainsonii).
The grey-crowned babblers are a species that was once common in the woodlands of south-eastern Australia, Ulupna also provides habitat for superb parrots at the southern end of their range.
[3] Ulupna also contains an excellent example of river red gum (Eucalyptus camaldulensis) open forest.